Good morning FishbowlDC!
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What we know and what we’re reading this Monday morning…
Chicago Tribune: Tribune Co. and its creditors are in the early stages of negotiating a plan of reorganization in U.S. Bankruptcy Court that likely would transfer control of the troubled media conglomerate from Chicago billionaire Sam Zell to a group of large banks and investors that holds $8.6 billion in senior debt.
NYT: Free newspapers have been hit especially hard by the economic downturn because they rely entirely on advertising, which is more volatile than revenue from newsstand sales and subscriptions. Analysts say ad revenue at many free newspapers has fallen by more than a third in recent months, compared with a year earlier.
Boston Globe: The union representing more than 200 Boston Globe delivery truck drivers today approved $2.5 million in wage and benefit cuts, leaving only one major union to ratify concessions that the Globe’s owner, the New York Times Co., says it needs to continue to operate the paper.
The Daily Beast brings us the 7 Best Moments from Sunday Talk.
That was CBS Early Show anchor Maggie Rodriguez emceeing the opening ceremonies at the 20th annual Susan G. Komen Race for the Cure Saturday.
Check out MSNBC’s Joe Scarborough’s Q&A about his new book “The Last Best Hope” in NYT Magazine here.
The landscape of local media is changing in this economic environment. Baltimore Sun takes a look here.
NYT: Just days after changing editors, the New York Observer laid off a significant chunk of its employes on Friday, including as much as a third of its editorial staff. The Observer did not disclose the number of people let go, but one person briefed on the matter said it was 15, including 10 in the newsroom, while another said the total was “in the low teens.”
WaPo: A North Korean court sentenced two U.S. journalists to 12 years in a labor camp Monday. Laura Ling and Euna Lee, television reporters from Current TV detained in March along North Korea’s border with China, received harsher sentences than many outsiders had expected.
Richard Wolffe was a guest of Howard Kurtz on CNN’s Reliable Sources Sunday, where Political Ticker points out he denied that writing his book meant trading objectivity for access. “It certainly meant that I would have an access and a relationship with him and his inner circle that gave me an insight into him and his campaign that was I think better than anybody else,” Wolffe said. Read on here.
JOBS after the jump…