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.
Today's one-liner: "The shortest way to the distinguishing excellence of any writer is through his hostile critics." Richard LeGallienne
Local Government TV
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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.
3 comments:
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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 ...
ReplyDelete* (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
ReplyDeleteAMEN and AMEN!!!
ReplyDelete