This isn’t good, this is sad. I have worked with the folks at Tribune for a long time. This is a great institution which is now saddled with debt from a buyout and it may file for bankruptcy.
I would expect more shoes to drop in the newspaper field. There is too much debt; too many expenses; plummeting sales; and old school management.
It always amazes me when an executive from another field - in this case real estate - can borrow money to “fix” another business in an unrelated industry. Why did these folks think they had a magic wand and could fix a newspaper and broadcast company?
This is such sad news if true.
I’d feel a lot worse for the newspapers if they weren’t shills for one party in this country. But since they are, the NYT and Washington Post can follow as far as I am concerned.
And when biased print media pretending to be informing the public rather than indoctrinating them is done imploding, then CNN, MSNBC and NPR may as well follow.
Good riddance to bad journalism.
Sapper
I just read that the Miami Herald is for sale. Se habla?