and the RATS, take another one in the.................................HA ha!!!
Cancelled our subscription (an action precipitated by my wife, a former lib, no less) two weeks ago - didn’t expect the consequences this quickly, but hey, couldn’t be more pleased to see that biased rag bite the big one this soon.
http://dealbook.blogs.nytimes.com/2008/12/07/tribune-hires-bankruptcy-advisers/?hp
Tribune Hires Advisers to Try Staving Off Bankruptcy
http://www.bloomberg.com/apps/news?pid=20601087&sid=aYGW7zjawAhk&refer=home
Tribune May File for Bankruptcy as Soon as This Week, WSJ Says
http://www.reuters.com/article/privateEquity/idUSN0747302120081207
Tribune prepares for possible bankruptcy filing -WSJ
What’s the point? Is there something in the bankruptcy code that forces newspapers to fire the liberal reporters?
OH ABB Sunday night good news
If the Tribune expects a bailout from the government, the chairman should resign. /rimshot
The Chicago Tribune was the one proudly conservative newspaper we subscribed to wherever we lived. It gradually drifted leftward until it was no better than national locals so we dropped it. Interesting that so many roads lead to Chicago these days. The Chicago Tribune has represented quite well the policies and thinking of the leftist democrat machine that has elected citizen Obama to the presidency of the US. It should have died before it deteriorated into a propaganda sheet for the left in general as well as the local democrat party. Their guy is in now so they have become superfluous. Even the left shrinks from sending good money after bad. Good riddance.
Just wait.
Newspaper bailout. (for all the papers that endorsed Obama)
updated article
http://online.wsj.com/article/SB122868944355686385.html?mod=special_page_campaign2008_mostpop
The company’s cash flow may not be enough to cover nearly $1 billion in interest payments due this year, and Tribune owes a $512 million debt payment in June.
One of Tribune’s most pressing concerns: By the end of the year, the company is likely to be in violation of debt terms that limit borrowings to nine times its adjusted profits. The ratio stood at 8.3 at the end of the second quarter, before Tribune reported an 83% decline in operating profit for the three months ended Sept 28.
Maybe Mark Cuban can get the Cubbies in a bankruptcy sale now.
A little bit of good news since the election. A few nuggets here and there but not many.
Sam Zell owns The LA Times and the Chicago Tribune.
Does this mean that the Obama-Khalidi tape might see the light of day soon?
http://www.chicagotribune.com/business/chi-081207tribune-possible-bankruptcy,0,2155085.story
“It’s an uncertain and difficult environment,” Tribune Co. spokesman Gary Weitman said Sunday night. “We haven’t made any decision. We’re looking at all of our options.”
I really believe the reason so many of the liberal rags are failing is becuz the majority of their target audience ..i.e. the welfare state... doesn’t read.
They mostly just watch TV
Buh-bye.
http://mediamemo.allthingsd.com/20081207/sam-zells-tribune-co-headed-for-chapter-11/
Tribune Co. Headed For Chapter 11?
Ironic that the ones who have done the most damage to Capitalism are the first victims of their own success.
Pray for W and our Troops