The Future of Newspapers

Looking to RENT OUT SPACE!

:-)

"Tribune looks to its real estate as money source" by Bloomberg News | June 26, 2008

CHICAGO - Tribune Co. said it is exploring options for the headquarters buildings of its two biggest newspapers, the Los Angeles Times and the Chicago Tribune.

Tribune is selling assets to raise cash for the company, which has $13 billion in debt. It is also pursuing the sale of the Chicago Cubs baseball team.

More SPORTS agenda pushing to come in the "newspapers!"

Aaaaaahhhh!

Billionaire Sam Zell, who paid $8.3 billion for Tribune, said on a June 5 conference call he plans to save money by cutting 500 pages a week from the company's newspapers. The company is also eliminating jobs.

So an already s***** array of newspapers is going to turn into... diarrhea?

Tribune reported May 8 that first-quarter profit at the publishing division fell 74 percent as ad sales continued to decline, led by a 27 percent drop in classified revenue.

The company reported a profit of $1.82 billion, buoyed by a $1.86 billion tax gain and higher income from its television stations. Sales fell 8 percent to $1.1 billion.

--MORE--"

Oh, so the damn papers STILL PROFITED to the TUNE of almost $2 BILLION!!!

Yet here they are, crying poverty!

You know, if papers are still making money, why are they looking to CUT WAGES, huh?

Wow, are you journalists and reporters ever getting f*****!!!!

You are JUST LIKE the rest of US!!!!

Also see:

Bloggers 1; New York Times 0

Bloggers 476; MainStream Media 0 (F)

The Sucking Sound at the Washington Post

The Boston Globe Joins the New York Times and Washington Post in the Crapper

The Sinking New York Times Cuts the Boston Globe Loose

It's Official: Boston Globe Now Tabloid Trash

AmeriKa's Media and Internet Truth-Tellers

AmeriKan MSM Can't Compete With Blogs

Media Cause and Effect

New York Times Shutting Down International Herald Tribune Web Site

Boston Down to One Newspaper

"The media which has printed these lies and presented the horrors of the day according to the angle desired by those who operate it have become their own worst enemy. They are daily providing the evidence that they lie. Truth tellers on the internet are turning over every rock they tried to bury the truth beneath."

That's why they have to SELL THEIR PROPERTIES!

:-)