We wouldn't be astonished to see other Tribune papers on the block -- Allentown and Newport, particularly -- but some of the bigger ones as well if community-based buyers or others come in with an attractive offer.
Saturday, January 05, 2008
Morning Call on Chopping Block?
According to Poynter Media Business Analyst Rick Edmonds, Tribune pretax earnings are projected at $1.15 billion. Since annual interest on the debt required to go private is $1 billion, it's safe to say this company is already in trouble.
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3 comments:
Here's a local cabal that would make sense as the new owners of The Morning Call ... they control it now anyways ... might as well make it official ...
* (Mal) Gross, McGinley, LaBarre, and Eaton
* Glenn Kranzley SpinCo, Inc.
* Committee to Re-Re-Re-Elect Jim Martin DA
* OraSure Technologies
* Lehigh Valley Hospital
* St. Luke's Hospital
* Lehigh County Bar Association
GOOD RIDDANCE
AMEN and AMEN!!!
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