Posted on 12/07/2008 3:23:33 PM PST by Erik Latranyi
Tribune Co. is preparing for a possible bankruptcy-protection filing as soon as this week, according to people familiar with the matter, opening a new front of trouble for the newspaper industry.
As Tribune continues discussions with its lenders to rework its debt load, the newspaper-and-television concern in recent days ...
(Excerpt) Read more at online.wsj.com ...
Well, clearly, *THAT* would be the seminal event in online news.
The current transition period would then be bracketed by Drudge/Lewinsky on one end and the collapse of AP/Reuters on the other.
But I don't see it happening!
Honestly, I would be less surprised to see a new Department of News and Speech in the Obama Administration before the AP/Reuters cabal disappears.
Yippee!!!!!!!!!!
The LA Slimes is nothing more than a BHO propaganda organ.
These once great daily newspapers brought this on themselves. If any industry deserves to die it is this one.
They don’t even prentend to be non-biased anymore.
No honor among thieves, I guess.
*PING*
40 years? Ummm now I know you’re high
Trib endorsed GW in 2004 and in 2000 (forgot about that huh?)
Check out their endorsements prior to 2006. As for endorsing Dems if you lived up here in the area you’d know that many of these races were UNCONTESTED by Republicans. So please do your homework before you come back with your thin layer of ice.
It is official...they filed Chapter 11 on Monday
Media industry players were also listed among the creditors. Warner Bros. Television is owed $23.7 million, Twentieth Television Inc. $8.1 million, Buena Vista Entertainment Inc. $6.2 million and NBC Universal Domestic Television $4.9 million.
Looks like the whole media brothel is sinking into the financial quagmire they promoted so eagerly.
I was thinking that in bankruptcy, the government takes what ever wealth or or property that exists, and decides how it will be distributed, picking the winners and the looses.
It’s not that arbitrary in how the property is divided. There is a pecking order established in bankruptcy law. The government doesn’t “take” the property, unless it has a claim (tax lien, etc).
Thanks for the ping/post. Great thread. BTTT!
That was over 30 years ago if I remember correctly.
One can only pray that the MSM learns a lesson, and that is, report the news and not be a cheerleader for the flavor of the month.
I can only hope that SFGate goes under and Mark Morford goes without a job and ends up homeless and loses what is left of his mind.
Yes, it was that long ago. I delivered that paper as a kid.
I saw the mayor or Gov on the news saying something about how (para ph.) they gave everything to ‘this administration’ and this is what we get?
“I saw the mayor or Gov on the news saying something about how (para ph.) they gave everything to ‘this administration’ and this is what we get?”
For a couple of years, I have noted that when the massive layoffs hit the peons and middle management at the MSM sources, some of them will start unspiking the real news they have bottled up on the Clintoons and now the Zer0!
I can remember getting up at 3 in the mourning to deliver the Tribune and the SunTimes over 30 years ago in the dead of winter.
I hated that job even though I was like 13 years old...
http://www.chicagotribune.com/news/local/chi-rod-blagojevich-1209,0,7997804.story
Blagojevich’s Senate selection process investigated
Federal probe widens to Obama’s vacant seat
By Jeff Coen, David Kidwell and Monique Garcia | Tribune staff reporters
8:20 AM CST, December 9, 2008
UPDATE: Source: Feds take Gov. Blagojevich into custody
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