Showing posts with label Newspapers decline. Show all posts
Showing posts with label Newspapers decline. Show all posts

Saturday, April 18, 2009

Zell admits ‘mistake’ in TribCo purchase

Zell admits ‘mistake’ in TribCo purchase

By:
Lorene Yue April 15, 2009 Crain’s Chicago Business

(Crain’s) —
Sam Zell admits that taking over Tribune Co. hasn’t gone according to plan and was a “mistake.”

“The definition if you bought something and it’s now worth a great deal less, you made a mistake,” he told Bloomberg Television on Wednesday. “And I’m more than willing to say I made a mistake. I was too optimistic in terms of the newspaper’s ability to preserve its position.”

The Chicago billionaire, who made his fortune from commercial real estate, was instrumental in taking the parent of the
Chicago Tribune and Los Angeles Times private through a complex deal that saddled it with $13 billion in debt. Tribune Co. filed for Chapter 11 bankruptcy protection in December, a move Mr. Zell said in Wednesday’s interview was necessary to “stop the bleeding and preserve a great company.”

The process that Mr. Zell used to take Tribune private caught the attention recently of the U.S. Department of Labor, which last month subpoenaed the company for documents related to its Employees Stock Ownership Plan, now the sole owner of
Tribune Co.

Read the rest here: Zell admits ‘mistake’ in TribCo purchase

(20071028 Tribune, Patuxent Publishing Group, Baltimore Sun disclosure Kevin Dayhoff writes for three of the newspapers in the Patuxent Publishing Group, the Sunday Carroll Eagle, Westminster Eagle and Eldersburg Eagle. The Patuxent Publishing Group is owned by “Tribune.” Tribune also owns the Baltimore Sun – and as a matter of fact, the Sunday Carroll Eagle is distributed in the Sunday edition of the Baltimore Sun – see: 20071021 Baltimore Sun: “To our readers.”) Additionally I write for an online magazine, The Tentacle.)

20090415 Zell admits mistake in TribCo purchase by Lorene Yue
http://www.chicagobusiness.com/cgi-bin/news.pl?id=33701
Kevin Dayhoff Art: www.kevindayhoff.com (http://kevindayhoffart.blogspot.com/)
Kevin Dayhoff: www.westgov.net Westminster Maryland Online www.westminstermarylandonline.net http://kevindayhoffwestgov-net.blogspot.com/

Sunday, March 1, 2009

Frederick News-Post to suspend its Monday edition


FNP to suspend Monday edition

Related: 20090215 MD Senate Republican Caucus Mourning the Examiner

Originally published in the Frederick News-Post February 28, 2009

From Staff Reports

The Frederick News-Post will suspend printing its Monday edition starting in April, a measure the media company's owning family said underscores a commitment to saving jobs and subscribers' budgets.

March 30 will be the last Monday edition for the foreseeable future, said Editor and Publisher Myron Randall. The decision was driven by the effect of a dire economy on the 126-year-old newspaper and will cushion the organization financially over the coming months.

[…]

Monday's content will move to the Sunday and Tuesday editions.

[…]

The Frederick News-Post is the only continuously family-owned independent daily newspaper in Maryland.

Last year the newspaper celebrated its 125th anniversary and a record of never missing a scheduled day of publication.

Read the entire article here: FNP to suspend Monday edition

http://www.fredericknewspost.com/sections/news/display.htm?StoryID=87045
20090228 FNP to suspend Monday edition
Kevin Dayhoff www.kevindayhoff.net http://kevindayhoff.blogspot.com/
Kevin Dayhoff: www.westgov.net Westminster Maryland Online www.westminstermarylandonline.net http://kevindayhoffwestgov-net.blogspot.com/

Monday, February 16, 2009

MD Senate Republican Caucus Mourning the Examiner


MD Senate Republican Caucus Mourning the Examiner

I especially appreciated Baltimore Examiner reporter Len Lazarick and he and his work will be sorely missed...

The last edition of the Baltimore Examiner was published today.

The Examiner's news coverage and editorial voice provided a much-needed conservative perspective on Maryland political affairs. It is a voice that will be sorely missed.

See our tribute to the Examiner and its State House reporter, Len Lazarick, at our website:
www.mdsenategop.com.

The Incredibly Shrinking State House Press Corps

Maryland Senate Republican Caucus http://www.mdsenategop.com/

February 15, 2009

It is with sadness and regret that we report on the passing of the Baltimore Examiner newspaper from the media scene in Maryland.

The Maryland Senate Republican Caucus offers its best wishes to Len Lazarick, who as of today is a former journalist of the State House press corps. Over the past three years, he has been one of the best in his coverage of political affairs in Maryland.

Unlike much of the media in Annapolis, Len would frequently profile opposition voices to the Administration and the Democrat leadership in the legislature. A Republican legislator might be featured in a Lazarick article, instead of being relegated to paragraph 15 of a 16-paragraph article as in other media outlets.

Len also did not allow himself to be manhandled by the Governor's press corps. When an "internal" Department of Budget and Management memo about looming budget cuts was released as an "exclusive" to the two major dailies in the state, Len questioned in his "Life on the State Circle" column why this document was selectively released and whether it was actually a memo written by the Administration specifically to "spin" the press?

The basement quarters of State House press corps were once a crowded and vibrant place. But, as the newspaper industry has declined over the past decade, cutbacks have affected the number of assignments to Annapolis.

Traditionally, local dailies (such as the Hagerstown Herald Mail, Frederick News Post and Carroll County Times), sent reporters to Annapolis full-time during the legislative session. Now, local reporters infrequently visit Annapolis while legislative reporting is mostly handled through Associated Press wire stories.

The larger metropolitan newspapers (Baltimore Sun, Washington Post, Washington Times) and the specialty press (The Daily Record, The Gazette of Politics and Business) have also trimmed their State House positions.

The end result is a significant loss to Maryland's citizens. A diminished capacity of Annapolis media coverage means less transparency in government and fewer opportunities for investigative reporting.

Moreover, the closing of the Baltimore Examiner greatly reduces the diversity of opinion on state affairs - a diversity that in Maryland is already sorely lacking.


20090215 MD Senate Republican Caucus Mourning the Examiner
Kevin Dayhoff www.kevindayhoff.net http://kevindayhoff.blogspot.com/

Kevin Dayhoff: www.westgov.net Westminster Maryland Online www.westminstermarylandonline.net http://kevindayhoffwestgov-net.blogspot.com/