Alden Proposes Purchase of Tribune Publishing

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Why has the Chicago Tribune had such bad luck with owners? Of all the great newspapers in the country, hasn't the Chicago Tribune been affected the most (negatively) by ownership changes? It once had the best sports section in America. Now it's just like the rest. Tiny.

I miss Jay Marriotti’s columns
 
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Why has the Chicago Tribune had such bad luck with owners? Of all the great newspapers in the country, hasn't the Chicago Tribune been affected the most (negatively) by ownership changes?

It's been all downhill ever since Tribune Co. merged with Times Mirror in 2000. Obviously, given what has happened in the industry, Tribune eventually would have been in trouble no matter what, but that deal (which included multiple L.A. Times soap operas over the years) arguably exacerbated the process and set the stage for the Zell acquisition and all else that has followed.
 
Just looked at the TransAmerica website to check on my Tribune pension.

Still there. :)
 
Just looked at the TransAmerica website to check on my Tribune pension.

Still there. :)

Same with me for my two years of service before the pension plan went away. Good thing the pensions aren't under the umbrella of the publishing spinoff.

Also getting one for my six years of service at Cox -- which, believe it or not, had an honest-to-goodness pension plan in place until two or three years ago.

Of course, they don't add up to that much, although it might be enough to offset the cost of nongroup health insurance if I decide to hang it up before Medicare kicks in.
 
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The New York Post article said that the job would pay $500,000-$700,000 a year. Jill Abrahamson was making $525,0000 at the New York Times in 2014. I realize that there was a lot of controversy about her salary but it gives some idea of what the going rate is.

I also find it hard to believe that the U-T is up for sale. It is printed in Los Angeles. If it is struggling as part of the LA Times it would probably struggle even more if it operated independently.

There's high-profile writers making more on Substack. In some cases, way more.

Talk about a sea change.

The LA Times, a top 5 newspaper and they're paying $500,000 to $700,000 and Matty Yglesias bails on Vox/Slate/Wherever and immediately tops that by convincing a relatively small group of people to give him $5 a month.

Crazy man, crazy.
 
The link to a New York Times article does not work when I copied it but the article said Tribune had digital revenues of 49 million dollars last year. This fro a company that owns papers in Orlando, New York City, Ft. Lauderdale, Baltimore and Chicago along with some smaller papers. What a disaster. And Alden will not invest in a digital product but instead milk the paper dry.
 

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