Gannett to buy Tribune??

[steveu]

Wow. Just wow. I'm going to drop this here and see what everyone thinks. It hasn't happened yet, but if it does...

Gannett offers to buy Tribune Publishing for $815 million

 

[TigerVols]

I hope, pray, beseech that if they do buy Trib, Gannett spins off the LAT into the hands of a local buyer.

 

[DanOregon]

Those "synergies" mentioned? Jobs. A lot of them.

 

[YankeeFan]

 

[BTExpress]

Just don't **** with my Tribune pension.

 

[zachpm]

Tribune fires back: A surprised Tribune hints at a potential battle over Gannett bid

 

[Bronco77]

Email reaction from a friend at one of Tribune's Florida newspapers (he'd predicted a few months ago that a buyer might emerge): "At least it isn't GateHouse."

 

[FileNotFound]

Email reaction from a friend at one of Tribune's Florida newspapers (he'd predicted a few months ago that a buyer might emerge): "At least it isn't GateHouse."

Not yet, anyway.

 

[MisterCreosote]

Just don't **** with my Tribune pension.

Given the absolute ****job they did to my pension without thinking twice, I wouldn't hold your breath.

Pull that **** out if you can.

 

[Ace]

The chains are all pretty much doing the same things. Not sure it matters who owns you.

Gannett at least seems to be committed to print/web journalism.

And Gannett's best-known issue was a spate of flavor of the day directives coming from corporate. That doesn't seem to happen so much anymore. Too busy throwing deck chairs overboard, I guess.

 

[Drip]

Gannett eats its young.

 

[Drip]

Looks like the Big G is cornering the market on newspapers. Big Brother is definitely going to roll some heads.

 

[Old Time Hockey]

How do you think the people in Los Angeles and Chicago will like getting the canned USA Today pages in their papers?

 

[PaperDoll]

Gannett eats its young.

Actually, I think Gannett, like most other big corporations, eats its olds. Young usually means cheap, right?

 

[LongTimeListener]

The last I checked in with LAT acquaintances -- admittedly a couple years ago -- through all the cutbacks and turmoil, salaries hadn't been scaled back.

I don't know if that's the case anymore, but I'm certain it won't be the case If Gannett takes over.

 

[BTExpress]

Given the absolute ****job they did to my pension without thinking twice, I wouldn't hold your breath.

Pull that **** out if you can.

At least I can look it up on the Transamerica Retirement Solutions website every day. It still shows the same $760/month it has shown since pensions were frozen in lieu of ESOPs and whatnot a quarter-century ago.

 

[TigerVols]

G's offer is downright "ungentlemanly," Ferro says.

Tribune Publishing Chairman Michael Ferro says Gannett is 'trying to steal the company'

Cue the eye roll.

 

[DanOregon]

The market cap is $560 mil. I imagine the offer will look better as the cap continues to decline. It's down 50 percent from five years ago, a third from a year ago.

 

[CAsportshack]

The sports page in one Gannett publication is a complete and utter joke. The screw-ups and willful ignoring of major events that have happened in its area in the last year have been mind-numbing. People are dumping their subscriptions in droves, it's gotten so bad.
Never mind the humans they're affecting. If it doesn't draw numbers, they don't bother.
-A year ago, the NCAA Div. I women's golf West Regional was held in the area. The paper wrote NOTHING about it, although 18 major schools were there, from the likes of Stanford, USC, UNLV, Wisconsin, etc.
-Every July, they used to cover every championship game at the Little League All-Star tournament. especially the ones where trips to the West Regional were involved. Last summer, they covered ONE, and it was done by a stringer.
-They ignore girls high school sports like you can't believe. Biggest case in point: Back in December, one of the teams was playing an opponent that was on a 64-game winning streak. Not only they win, but they beat them pretty badly.
The sad part: The writer who showed up covered the boys game that was played just before it. All he had to do was stay an extra couple of hours, but he didn't.
They dispatched a writer to the state cross-country and boys golf tournaments last fall. He completely ignored the following:
-One of the area schools dethroned the defending state cross country champ, who had won the last FOUR titles.
-For the first time in years, one of the area schools had a team that qualified to play at the boys golf tournament. Although it didn't make the cut for the second day, the team finished two shots better than one school from the area they talked about AND had two individuals who played on the second day. The other school only had one.
The writer was at these events on-site. He wrote NOTHING about those schools.
-There have been so many mistakes made in the print product, you could write a book. They range from missing scores from games that finish well before deadline to no box scores from any high school or college games (none in print or online).
If Gannett's bid to buy Tribune goes through, prepare for the worst. Those products will probably head down a similar path of deterioration in quality.

 

[Fredrick]

The sports page in one Gannett publication is a complete and utter joke. The screw-ups and willful ignoring of major events that have happened in its area in the last year have been mind-numbing. People are dumping their subscriptions in droves, it's gotten so bad.
Never mind the humans they're affecting. If it doesn't draw numbers, they don't bother.
-A year ago, the NCAA Div. I women's golf West Regional was held in the area. The paper wrote NOTHING about it, although 18 major schools were there, from the likes of Stanford, USC, UNLV, Wisconsin, etc.
-Every July, they used to cover every championship game at the Little League All-Star tournament. especially the ones where trips to the West Regional were involved. Last summer, they covered ONE, and it was done by a stringer.
-They ignore girls high school sports like you can't believe. Biggest case in point: Back in December, one of the teams was playing an opponent that was on a 64-game winning streak. Not only they win, but they beat them pretty badly.
The sad part: The writer who showed up covered the boys game that was played just before it. All he had to do was stay an extra couple of hours, but he didn't.
They dispatched a writer to the state cross-country and boys golf tournaments last fall. He completely ignored the following:
-One of the area schools dethroned the defending state cross country champ, who had won the last FOUR titles.
-For the first time in years, one of the area schools had a team that qualified to play at the boys golf tournament. Although it didn't make the cut for the second day, the team finished two shots better than one school from the area they talked about AND had two individuals who played on the second day. The other school only had one.
The writer was at these events on-site. He wrote NOTHING about those schools.
-There have been so many mistakes made in the print product, you could write a book. They range from missing scores from games that finish well before deadline to no box scores from any high school or college games (none in print or online).
If Gannett's bid to buy Tribune goes through, prepare for the worst. Those products will probably head down a similar path of deterioration in quality.

What is Gannett's motivation? Does anybody know? I maintain the company wants to kill the print product completely and get the credit for doing so. I guess huge profits could come from the sale of land/business properties once they do kill the print product completely. Then sell the publication to somebody who locates it in a strip mall for 600 dollars rent a month?