Posted by CrabbyCon on March 31, 2009 · Leave a Comment
The Sun-Times Media Group, owner of the Chicago Sun-Times and numerous suburban newspapers, filed for Chapter 11 bankruptcy Friday morning, just a few months after rival newspaper titan Tribune Company did the same thing.
As CBS 2′s Joanie Lum reports, the filing didn’t come as a surprise for many employees at the paper. The only surprise was that the Sun-Times filed for bankruptcy after the Tribune.
On Tuesday morning, the staff of the Sun-Times was in a meeting with the bosses in the Holiday Inn located above their headquarters at 354 N. Orleans St., to learn how bankruptcy protection will affect the newspaper and its readers.
The Chicago Sun-Times returned to it’s liberal-leaning stance a couple years back (in 2007) and the readership has taken a nose-dive. That, plus the fact that almost everything in internet based these days and the current recession, does not help the outdated newsprint as a valid form of media.
Good riddance… learn to start reporting the facts objectively and maybe people will read your paper!
Share on Facebook
Posted by CrabbyCon on March 25, 2009 · 1 Comment
The only thing most of the newspapers (esp. those who are already “part” of the DNC) are good for is toilet paper, or at least some sort of “cover” for my puppy who is still learning how to properly go outside rather than my kitchen floor. Actually, newspaper is good for fireplace kindling as well – but I tend to use coupons and advertisements since I refuse to subsribe to certain “rags.”
However, there is a U.S. Bill that is seeking to rescue these failing newspapers. What happened to our capitalist society or following free market principles? My head is raw these days from so much scratching.
With many U.S. newspapers struggling to survive, a Democratic senator on Tuesday introduced a bill to help them by allowing newspaper companies to restructure as nonprofits with a variety of tax breaks.
“This may not be the optimal choice for some major newspapers or corporate media chains but it should be an option for many newspapers that are struggling to stay afloat,” said Senator Benjamin Cardin.
A Cardin spokesman said the bill had yet to attract any co-sponsors, but had sparked plenty of interest within the media, which has seen plunging revenues and many journalist layoffs.
Cardin’s Newspaper Revitalization Act would allow newspapers to operate as nonprofits for educational purposes under the U.S. tax code, giving them a similar status to public broadcasting companies.
Under this arrangement, newspapers would still be free to report on all issues, including political campaigns. But they would be prohibited from making political endorsements.
I am totally ashamed to admit that I reside in Maryland. I hope that someone gets up and runs against old Ben Cardin as well as Ms. Toadstool Mikulski. The Maryland senators are just as far left and liberal as the rest of the yahoos running congress. The Baltimore Sun, for example, has been on the liberal dole for ages – they were even behind the Michael Steele debacle when he was running for office and giving a speech – to have people come to the event and throw Oreo cookies at him. That’s not racist at all, right democrats?? Can’t be racist when you’re just doing it to someone with an “R” after their name/sarc.
Read more
Share on Facebook
Filed under General · Tagged with bailout, Cardin, Communism, Conflict of Interest, Democrats, Maryland, Media, Media, Newspaper, senate, Socialism
