Its not the concept of Debt, but the ability to repay that debt and it's interest, thus the debt crisis in other countries, and soon to be ours. Debt to income ration is also key as average company debt is 13 percent to facilitate R&D / expansion etc. I see none of that here, but rightfully so as long as Mr Lenfest continues to delay payment, this debt is not of great concern, but when he calls it due, or is no longer involved in the company what will happen.
And, regardless of the multitude of companies that dropped from OB to PK is irrelevant as you have a billionaire investing in a company that he could easily bring forward to the major stock exchanges, so why isn't he? because the fees alone would cause further debt that this very small company could not handle so he'd either have to put in more money or write the whole thing off and shut down. So why not put in more money, why no major success since its inception? His best bet is to be bought out again by someone else. THough not much money in public access, educational or government programming. PBS has been subsidized by the government for years. There is no profit in such. In it's current format, and lack of exposure TEVE will remain in the lowly Pinks.
