The Tribune Company is has filed for bankruptcy, and the NY Times just mortgaged their building for an influx in cash.
Kinda reminds me of the Big Three auto makers — putting out an inferior product that costs more than it’s worth.
And much like the Big Three, I won’t mourn the loss of the Lame Street Media when their gone either.
Meanwhile, our own local Austin American-Statesman is also for sale. Though there doesn’t seem to be anybody beating down the door to buy this liberl rag, either.
Robbie,
Could it be the American people finally waking up and taking out the garbage?
So the NYSlimes sells their building, and infuses that cash into their operations, what then?
They still haven’t figured out what has caused their demise. None of these liberal rags have.
It’s an interesting business model they have, expecting their market to adjust to the product they want to produce, instead of adjusting the product to their market.
They deserve to fail.
I resfuse to go to the leftwing news sites. Bloomberg actually does a good job on economics.
Usually go to conservative sites and search around for news, I can’t stand liberal slant on a news story.
http://campaignforliberty.com/wire.php
Hate to break the news to you, but you’re knocking one of your own kind. Sam Zell is a big time right winger. He used standard levereged buyout to buy and bankrupt the Chicago Tribune and the LA Times.
The debt killed them along with declining dead tree readership.
Yes, librlmrin, the decline in readers has killed them. That’s the crux of the biscuit. The liberal journalists, and editors, have caused these rags to run them off.