Thus NOT avoiding the very thing Government bailouts were supposed to stop.

See: How will GM Bankruptcy impact US | GM holds a mirror to America | GM Canada to remain relatively unscathed | Structured bankruptcy wrongly hits many fronts

Well played Washington, well played.

If you remember we bailed Chrysler out not long ago under the reasoning that bankruptcy would destroy their brand/business and the money would save them from facing that consequence. Well that worked well.

Why are we worrying about bailing out privately owned and relatively useless newspapers when our entire postal system is on the verge of bankruptcy and trying to drop to five day delivery to stop the bleeding?