Skip to comments.Tribune Co. (LA Times, Chicago Trib, etc) 3Q loss of $121.6 million (Dinosaur Media DeathWatch™)
Posted on 11/10/2008 1:10:31 PM PST by abb
Tribune Co., owner of the Los Angeles Times and Chicago Tribune, says it swung to a third-quarter loss of $121.6 million as newspaper advertising revenue fell.
The loss was a steep decline from profit of $152.8 million a year ago.
Revenue fell nearly 11 percent to $1.04 billion from $1.16 billion last year.
"We are operating in an exceptionally difficult financial and economic environment," said Chief Executive Sam Zell, in a statement, Monday. "The newspaper industry continues to see extraordinary declines in ad revenues, and Tribune is no exception."
(Excerpt) Read more at ap.google.com ...
Tribune Reports 2008 Third Quarter Results
Columnist Dan Ruth among several Tampa Tribune staffers laid off today
How long before some idiot in DC introduces a bill to bail out the failing members of the MSM?
The NY Times announced it was taking a big charge on the New England newspapers it owns due to declining ad revenue.
It's going to go even more downhill from here.
That is a $270M turn around! Keep it coming!
Their being in the tank for Obigula hasn’t helped them.
People aren’t even buying the liberals rags for the sports pages anymore.
Couldn’t happen to a more deserving bunch of unAmerican turds.
Hey Times employees, ya can kiss your jobs buh bye.
Maybe you can go spread your lies and made up b.s. somewhere else. course most other rags like yours are laying off too.
Oh well there is always mcDonalds.
The axe is swinging at the Kansas City Star — layoffs said to be “stunning”
KC Star lays off about 50
This will provide even more incentive to sell the Cubs and Wrigley. That big balloon payment is only months away.
Check out the terminology!! Death watch! Wonder where they got that from??
TOP TALENT AT KC STAR BEING LET GO!!
The Kansas City Star, which has been rocked with layoffs the past several months that have resulted in a reduction of about 100 editorial employees, is in the process today of letting go some of the most recognizable reporters and columnists in the history of the area’s largest newspaper.
The list of the 16 people being terminated reads like a “Who’s Who” of area journalism and is absolutely stunning.
“The newspaper is definitely on a death watch now,” says a source. “These are simply folks who cannot be replaced. These moves will definitely affect the product and circulation.”
We will be releasing the names this afternoon as they are confirmed. Send anonymous tips to firstname.lastname@example.org.
And at fire sale prices...
I’ve done my little bit against L.A. Times. No subscription to cancel, but I did buy their Sunday editions for YEARS and a few papers during the week at times.
NO MORE! Two months ago I stopped buying L.A. Times completely!
You liberal idiots were in the tank for Obama, and now you’re going down and you’re going to keep going down.
You got what you wanted, now you’re going to go out of existence as you know it.
I’m sure the dems have a bailout planned for them too. The dems owe the media bigtime for their complicity in electing
I was really starting to get depressed with all the news about our ObamaNation, but this news helped to brighten my day.
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