The
New York Times article mentions the debt risk:
Quote:
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The ruthless side of that business was immortalized in a 1989 book, “Barbarians at the Gate,” which detailed KKR’s acquisition of Nabisco and the burden the deal’s debt left on the company.
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But on balance it is fairly positive:
Quote:
Mr. Karp will stay on as chief executive after the deal closes.
Richard Sarnoff, an adviser to KKR on its media deals, is a familiar name to many in the publishing industry and his involvement is encouraging, said several publishing executives on Monday. Mr. Sarnoff has held multiple positions at Bertelsmann, the company that owns Penguin Random House, and served as chairman of the Association of American Publishers, a trade group.
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