Posted on 04/30/2009 8:24:41 AM PDT by george76
The Baltimore Sun has laid off 61 people in its newsroom, about a quarter of its editorial staff, including veteran editors and managers, columnists, photographers and designers.
Maryland's largest newspaper laid off managerial employees at the end of the day Tuesday, and notified union-represented employees Wednesday afternoon...
Tribune is operating under bankruptcy protection. Real estate mogul Sam Zell took on a $13 billion debt load when he purchased the company in 2007
(Excerpt) Read more at finance.yahoo.com ...
Why do you need a newspaper? You got plenty of conservative sources on the web. If you need local news, go to the local news station website. Don't go to the newspaper website.
It takes 244 libtards to put out that crapola on a daily basis?
Well, it used to. :o)
My understanding is it was a leveraged buy, with little or no financial risk to himself. ..Just the idea of owning all those newspaper appealed to him, or maybe he thought he could flip them for more money, who knows ? Why not?
No, and today's issue of the SUN was about 4 pages thick. Just thick enough to wipe off the rain from my cat's butt.
I fully agree with you, but I feel that way about ALL liberals.
No down payment? No risk?
Yet he, a real estate “mogul”, buys 13 billion worth of newspapers?
Why do you think he did this?
Presumably, he was a nostalgic type of guy who always yearned to be involved in the glamorous newspaper business, envisioning himself to be some sort of Hearstian character. Fortunately, no money down, and little on the downside if it doesent pan out.
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