How long can the Herald hold out?

Dan Kennedy asks tons of questions about Pat Purcell's sell-off of the CNC papers, chief among them: If the Herald is losing $2 million a year, and all the CNC deal did was eliminate the Herald's debt, how long can the paper last? But he credits Purcell for appearing to chose the higher calling of journalism over profits - rare in the business these days (he also looks at some interesting facets of the CNC part of the deal).

My standard newspaper disclosure.