The Tribune company announced today, after a lot of speculation, that it is filing for bankruptcy. It’s horrible, but we all knew it was bound to happen, especially after all the in-fighting, and layoffs at some of our local newspapers and television stations, it was apparent from far away. Sam Zell is a real estate tycoon, a business man that entered the journalism industry basically blind, despite whatever kind of altruism he may have felt, thinking his hard-nosed business sense would make the Tribune an example of how to save the journalism industry.
Well, so the Tribune company owns a lot of assets: about a dozen newspapers including the LA Times, Chicago Tribune, Newsday; a lot of local television affiliate stations, including my beloved WPIX-New York that used to play Yankees games; and several other websites, services, and outlets.
So after hearing about it, I figured I’d see what my adapted hometown paper, the Los Angeles Times would have to say. There was an article, which was LA-centric to make the national-scale article pertinent to its readers, and then a letter from the publisher of the LA Times.
Then I went to Newsday, because while I lived on Long Island it was our local big daily. What are they running? The SAME freaking article AND letter!!! The article starts out like this:
Tribune Co., the owner of the Los Angeles Times, KTLA Channel 5 and dozens of other daily newspapers and television stations across the country, filed Monday for bankruptcy protection…
Seemingly every other Tribune-owned paper made the proper changes to the general letter for their own audience exept for Newsday — indicative of why I left Long Island…