MarketWatch’s Jon Friedman has some advice for Sam Zell. Friedman acknowledges that, when it comes to the advertising slowdown hitting newspapers and magazines, times are tough all over. “The difference,” he says, “is that the quality of Zell’s publications has deteriorated more seriously than that of his rivals. Zell should give his journalists a break [...]
This is not news to everybody, but Lisa Chedekel, who ranks among the most highly decorated ex-Courant writers, is now serving on the advisory board of the New England Center for Investigative Reporting. So is Brant Houston, the Courant’s first computer-assisted investigator.
The question for most Tribune employees: How will the sale of the Chicago Cubs help the rest of the company? Will it enable the company to make the next mortgage payment without having to rip down another of its businesses?
Tribune’s financial situation has weakened so far this year, but the company is still making money. That’s the view of a Morningstar analyst quoted by Crain’s Chicago Business. A Tribune spokesman tells Crain’s the company has more cash on hand today than it did when it filed for bankruptcy.
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