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Tribune Co. preparing to print in red ink, according to WSJ

Discussion in 'Journalism topics only' started by DanOregon, Dec 7, 2008.

  1. DanOregon

    DanOregon Well-Known Member

    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.
     
  2. slappy4428

    slappy4428 Active Member

    Not good... that would void all the union contracts, wouldn't it?
     
  3. This is a real Holy Shit. Wonder what kind of memo Abrams is going to write about this ...
     
  4. Michael_ Gee

    Michael_ Gee Well-Known Member

    Are there any union contracts at Tribune Co.? And no, they're not necessarily voided if they do exist. That's up to the bankruptcy judge.
     
  5. OnTheRiver

    OnTheRiver Active Member

    They should have cards that let newspaper reporters drink free at every bar in the country.

    Jesus... it just keeps getting worse.
     
  6. Michael_ Gee

    Michael_ Gee Well-Known Member

    This news was foreordained the second Zell bought the thing. That deal was perfectly designed to be sunk by any bad macrofinancial/economic news, let alone a worldwide panic followed by recession.
     
  7. Screwball

    Screwball Member

    Most of the company is non-union, but not all. Several papers have unions.
     
  8. TheSportsPredictor

    TheSportsPredictor Well-Known Member

    PaidContent.org called it in June:

    http://www.paidcontent.org/entry/419-newspaper-roundup-tribune-bankruptcy-speculation-gannet-nytco-may-numbe/

     
  9. OK, this is now your holy shit moment.
    And if I say now that Sam Zell should get some loathsome tropical disease that makes his flesh melt and his eyeballs wither, can I also say it after he dies?
     
  10. Mediator

    Mediator Member

    If only Zell were alone. That same Greed is Good mentality is killing all the chains at different speeds. If the business model for those papers fails, what happens to the actual product?
     
  11. 2muchcoffeeman

    2muchcoffeeman Active Member

    http://www.latimes.com/news/la-fi-tribune8-2008dec08,0,854112.story
     
  12. OTD

    OTD Active Member

    I think Baltimore is the only Guild paper in the chain. Not that it'll matter in a deal like this.
     
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