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Newspapers to be dead, dead, dead.
Quote:
Originally posted by taxwonk
What seems to be missing in this story is the fact that the Chandler family became the Tribune Company's largest shareholders in the deal where the Tribune Company bought the Times. A lot of the cuts (which, by the way, have also taken place at the Trib, although on a smaller scale, because the Trib was operated on a smaller scale to begin with) have been instituted due to pressure from the Chandler family who are unhappy with the dividend they have been receiving, or more accurately, not receiving from the Tribune Company.
This is not to all all the blame at the Chandlers' feet. But, they are certainly not blameless.
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That's my understanding too. I remember seeing a chart detailing the Trib's ownership these days, which seemed to be comprised of several Chandler Trust entities, lots of arrows, and other shit that made my head hurt.
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I'm done with nonsense here. --- H. Chinaski
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