Yeah, so that was obvious.
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II long; didn’t read.
Couldn’t have happened to a nicer guy.
Too short, didn’t read.
- that guy from Goldman Sachs (a.k.a.: TGFGS)
I can only presume this is the International Herald Tribune? Its a shame to see a halcyon icon of the international english community go under. I loved being able to pick up a copy virtually anywhere in the globe.
But when the NYT consummated its firm hold on the editorial and bureau staff it just seemed to be more of the same. I’m sorry to see it go for what it *was*, not for what it now is.
Go Cubs!
@4 No. Parent of the Chicago Tribune, LA Times, etc
http://en.wikipedia.org/wiki/Tribune_company
and isn’t the IHT owned by the NYT?
@4, are you serious? come on.
The International Herald Tribune was essential prior to the internet. After that, well ……
Dear New York Times,
How YOU Doin’?
I still cannot believe the employees agreed to have their ESOP roll and to have Zell’s ~$300 million come in as sub debt with warrants.
So after the Shelia Bair love fest from last week, no mention of Dugan’s comments today about the ineffectiveness of loan mods?
Zell was just screwing around with this thing. No surprise here.
The Tribune went from a decent read to an absolute rag over the last 6 months. It looks like my canceled subscription last Friday finally pushed them over the cliff!
Ah, thank you for the correction AJ.
The IHT is now owned by the NYT, but it once was a joint venture with the Washington Post and the London Times, giving it a sort of pan-atlantic feel.
I agree with #6. Even five years ago the International Herald Tribune was absolutely essential, now, less so.
Though when I was last in Russia, earlier this year, countless leagues from a Wi-Fi hub or even a broadband connection I found a fresh copy of the IHT sitting on a newstand. It was quite useful.
Zell’s brain fried some time ago. Most were just there for the ride. Take that motor cycle for a long ride. Your done.
who’s gonna get the cubies? Dimon? Ackerman? Lewis?
What was Sam Zell thinking???? He should have bought a newspaper stand!!
There goes my Cubbies. Thanks Sam. Good idea paying top dollar for a company in a dying (if not already dead) business.
Hmm.. NYT has to issue bonds secured by their HQ, Tribune files for Chap. 11 – can the WaPo be far behind? What’s going to be left – USA Today and the WSJ?
I’m old enough to remember when reading the morning paper was a pleasant event – in fact, I remember haunting obscure shops across Europe to get day-old copies of the IHT just for the baseball scores – but ever since so-called “journalists” started becoming political cheerleaders, my readership has dropped off. The ‘net has only sped that up.
Somewhere, Mark Cuban is laughing.
So the cubs, whatshisname from Madison Dearborn?
@10
That’s a surprise? you think the average (or any) employees understood the risk of the transaction?
Somewhere, Mark Cuban is laughing.
Somewhere, Mark Cuban just ate a western omlette.
Somewhere, Mark Cuban is insider trading while slam-dunking on a non-standard rim
@21 – John Canning
man I am burned, no Christmas party for me, lucky to have my job. Got off the train in my town and what do I see, the Daniel Gale Real Estate parking lot jammed. They were having a good ole time, a catered Christmas party, light ablaze in their office. So how come real estate brokers didn’t have to give up their Christmas parties?
@19: Half of the Washington Post Co is Kaplan so it doesn’t have the same risk level