McClatchy (Sac BEE, Miami Herald, etc) will be insolvent by the end of this year. Tribune (LA Times, Orlando Sentinel, etc) maybe before then. NY Times Co., as we know it today, won’t last much longer.
http://online.wsj.com/article/SB122039884622592871.html?mod=2_1567_topbox
Glut of Films Hits Hollywood
Movies Vie for Attention and Losses Mount; ‘Rambow’ Lessons
By LAUREN A.E. SCHUKER and PETER SANDERS
September 3, 2008; Page A1
HOLLYWOOD — When Meg Ryan and Antonio Banderas signed up to star in an independently produced comedy-action movie called “My Mom’s New Boyfriend,” the film’s backers figured they had a slam dunk — a modestly priced film with bankable stars that would surge at the box office.
The producers say the $17 million movie scored well in test screenings in the U.S. this spring and did decent business in Spain, Israel and Russia. But the U.S. distributor, Sony Corp.’s Sony Pictures, quietly sent the movie straight to DVD on June 17. “I believe that three years ago this movie absolutely would have been on screens, if for no other reason than the actors involved,” says George Gallo, who wrote and directed the film.
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Pit-ty