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Posts Tagged ‘Cubs’

Russ Stanton: ‘They’re Not Getting Rid of Us’

stanton.jpgMediabistro.com‘s own David S. Hirschman interviews Los Angeles Times EIC Russ Stanton today and learns that morale is improving, the LAT print edition has a good 35 more years of life and Sam Zell isn’t planning to sell the paper any time soon:

He felt like the conditions of our industry, and some of our papers in particular, have declined a lot in a relatively short amount of time — and I think he’s surprised about it, he’s not happy about it, and I don’t think it was ever in his plan to sell any of the media properties. That said, selling Newsday and the Cubs buys us a tremendous amount of breathing room over the next couple of years, in particular, and will allow us to reinvent what we do and get ourselves back on terra firma, and back in a position where we can grow. I’ve not gotten any indication at all that they’re intending to get rid of us.

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LAT In 90 Seconds

lalalalalalpg.jpgSam’s Big Day: Billionaire Sam Zell took over control of the Los Angeles Times and the Tribune Company on Thursday in what the LAT calls, “a debt-heavy deal that creates tremendous opportunities and risks for one of America’s top newspapers.” Wanna hear Sam Zell talk about it? There’s video on the site.

laxlalalalpg.jpgLAT Staffers… Hopeful? It’s rare that newsroom folk greet change with anything other than grumbles, but some seem downright optimistic about Sam Zell’s takeover of Tribune. Their relative happiness is totally foreign to us and is kinda freaking us out.

dddfgfdgsf.jpgNo Time For Losers: First order of business, according to Sam Zell: Sell the Cubs. Or maybe he’ll just give the team to Geffen as a consolation prize.

LAT in 90 Navel-Gazing Seconds

zelli.jpgTim Rutten is an Angry, Angry Man: We’re going long-form today, to print the best part of Tim Rutten’s column in its entirety:

Over the last five years, this paper’s readers have received less and less in the way of news and features provided by fewer and fewer journalists.

Tribune has installed one publisher after another who has said that it is impossible for The Times — or any other newspaper — to cut its way to success. This has become truer, as it has become more apparent that the simultaneous provision of high quality journalism in print and online is the way forward for newspaper journalism.

And yet the cuts have continued. When the cuts stop and readers are no longer asked to expect and to accept less from their newspaper they’ll know the tide has turned.

If and when Zell’s purchase of Tribune is consummated it will accomplish one thing for certain: After more than 120 years, the Chandler family will be out of the newspaper business.

Good riddance.

Southern California and this newspaper’s role in its development made the Chandlers rich beyond any normal human being’s wildest dreams. All the heavy lifting, of course, was done by their rapacious forbearers and, later, by Otis Chandler, who broke with the rest of his venal clan to make The Times a great newspaper.

The current beneficiaries of all that brutal avarice and ingenuity are wealthy through no effort of their own. They’re like a bunch of Saudi princelings, whose grandfather’s wretched tent just happened to be pitched atop an oil field. Their blood is a kind of genetic lottery ticket.

weirdgeffen.jpgChandlers Are Saddened, Geffen Is Still Interested: Local react story includes a hint that David Geffen might still make a play for the LAT.

money4nothing.jpgMoney For Nothing: Sam Zell is contributing pocket change for a company that could earn him (another) fortune.