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CHRISTIAN LORENTZEN
@xlorentzen
freelance writer | clorentzen@gmail.com
6.4K Following 25K Followers 8.5K Posts
Latest posts 5
Whatever the truth is, in my experience people love to complain to LRB editors about their subscription problems.
The LRB’s struggling printer was carved-out by a bottom feeding German private equity fund which, as is usually the case, knows nothing about the industry—in this case one with thin margins and just-on-time deliveries in which disruption can lead to a haemorrhaging of customers and supplier contracts—so after cutting costs and refinancing they were only able to sell to their own management for their own partner, with the parent company keeping the land at the carveout, an Israeli bank that likely did the refinancing under onerous conditions and with the assets were charged to another bank under debenture when it was resold to the management, so when the new owner resold it again to some third party they likely underestimated the cash needs of such a company and how the disruptions would undermine invoice flows and there was no land or assets to borrow against to secure supplies or new loans so the whole thing went belly up with 150 jobs gone. Everyone else almost certainly walked away financially intact even if they messed up. Not uncommon in declining industries.View quoted post on X
'The earth is an oyster with nothing inside it /
Not to be born is the best for man.'
Now if it seems like you might someday feel that way, you won't be!
Not to be born is the best for man.'
Now if it seems like you might someday feel that way, you won't be!
I would say “we’re doing eugenics again” but let’s be real we never stopped doing eugenicsView quoted post on X
Strong work.
On Peter Bogdanovich's diary/memoir But What I Really Want to Do is Direct: My First Picture Shows: 1965-1971, for @bookforum: bookforum.com/print/3302/the…View quoted post on X
