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 Media Conglomerate Considers BidsPosted on Jan 21, 2007
Tribune Media, the conglomerate that owns the Los Angeles Times along with other major newspapers, TV stations and even the Chicago Cubs, announced it is considering offers for its sale. The economic wisdom of conglomeration has come under fire in recent years, but Tribune’s troubles have raised concerns over the future of the newspaper industry in general. After purchasing the Times, Tribune tried to squeeze every last cent out of the paper, but financial goals remained unmet. Some critics have suggested local ownership, with less pressure on the bottom line, might be a better model for the newspaper business as advertising revenue continues to flow to the Internet. But local ownership comes with its own worries, such as the power an individual or small group might wield over the community’s voice. For comprehensive coverage of Chicago’s antics at the Los Angeles Times and the future of print journalism, read Steve Wasserman’s essays ”Requiem for an Editor” and ”Chicago Agonistes: The Plight of the L.A. Times.”
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By rabblerowzer, January 22, 2007 at 5:09 am #
(Unregistered commenter)
There’s an illuminating consistency to Conservative Ideology that boils down to ignorance, racism, intolerance, self-interest, selfishness, greed and hate. No matter what issue under discussion, one or more of the above elements is always present.
Capitalism, socialism, the abolition of slavery, women’s suffrage, Social Security, Medicare, Medicaid, affirmative action, child labor laws, minimum wage, pollution laws, bankruptcy laws, abortion, homosexuality, universal health care, the Fairness Doctrine, Corporate personhood, war profiteering, taxation, the death penalty, voting rights and Democracy, just to name a few.
Conservatives have a million justifications to oppose or affirm all of the above and they have no scruples about attacking and demonizing anyone who disagrees. They reject democracy as mob rule, but their preference is what many would call mob rule, otherwise know as fascism.
Report thisBy ChicagoGuy, January 22, 2007 at 4:48 am #
(Unregistered commenter)
Being a Chicagoan, it would not surprise me in the least if the Carlyle Group took over that media source. The Tribune always has been a very conservative publication and having a neocon outfit like the Carlyle Group purchase it would not change a thing about their reporting style. No, I do not read the Tribune and have been boycotting it since the days when they endorsed Ronald Reagan for president. Hey! It’s my fifty cents and I will be damned if I am going to put it in the pockets of a group whose only interest is big business and not the blue collar working class. I want real news, not fluff or recycled white house press releases. Thank gawd for the internet as a viable alternative.
Report thisBy Skruff, January 21, 2007 at 6:19 am #
(Unregistered commenter)
Make me laugh!!!
“The economic wisdom of conglomeration has come under fire in recent years” Who wodda-thunk-it?
The New York Times (they own the Boston Globe and the Worcester Telegram among other bits and pieces) will be the next to “reconsider”
Meanwhile those of us left, who get most of their news from print media are left with fewer and fewer choices.
I used to buy four newspapers a day, now that they all tell the same stories, I buy one.... They have in my case lost 75% of their revenue!
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