[lemura]

The LA Times ran an introspective on Otis Chandler, their former publisher, as a follow up to his obituary. Buried deep in the middle was the truth behind the Tribune's purchase of the Times-Mirror company.

Turns out that Otis was something of a figure-head; the real power was in the hands of the family trust that controlled the stock. They could give two-figs about his championing of leftist ideals - they just wanted their dividends.

They assessed the declining fortunes of the media market and made a decision to get out. It wouldn't surprise me a bit to see the same things happen at the NYT, et al as the dominos begin to fall on their whole charade.

[Grampa Dave]

"Turns out that Otis was something of a figure-head; the real power was in the hands of the family trust that controlled the stock. They could give two-figs about his championing of leftist ideals - they just wanted their dividends.

They assessed the declining fortunes of the media market and made a decision to get out. It wouldn't surprise me a bit to see the same things happen at the NYT, et al as the dominos begin to fall on their whole charade."

Lemura, you are not by yourself.