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

I'd say you could. Where's Sylar from "Heroes" when you need him?

 

Not in this pla

 

I'm interested in finding out what's next. Not the next news org to spit the bit, but what company or technology is going to emerge out of this mess. I think the existing media giants are already carrying too much debt and their declining revenues will scare off bankers. But I do figure someone or something will emerge, perhaps a network of blogs that sorts areas of interest and geography like Google does with all websites.

 

I was kind of hurt that nobody wanted to discuss this with me a month ago:

<<< sounds of crickets chirping >>>

I realize this is a depressing subject, but this one is a doozy.

 

Or, it could be negotiating tactic for union givebacks.

 

Or for reduced obligations to creditors.

 

According to the NYT, WSJ and LAT's stories, it seems this is the case.
But, who the fuck knows anymore?

 

Re: Tribune Co. preparing to print in red ink, according to WSJ (updated!)

It has already happened, apparently, just minutes ago.

http://www.sun-sentinel.com/business/sfl-flztrib1208sbdec08,0,4993504.story

 

Yea, they're talking about it on CNBC right now.

 

Anybody want to go out for about 300 drinks?

 

I'm there ... but then I'll probably be on a cutback list, so maybe not.

 

The scary part of all of this is that I'm afraid this is the move that gets dominos falling.

None of these media companies wanted to be the first to declare bankruptcy, just like none of them wanted to be the first to start laying off tons o' people.

I'm just afraid that a number of them will now start to declare to get out of contracts and debt. Scary times.