What Do These Papers All Have In Common?
The following major newspapers in the US filed for Chapter 11… can you spot the pattern?
- Heartland Publications LLC. – The owner of 23 daily newspapers and other publications in nine states, filed for Chapter 11 bankruptcy protection on Monday. It has newspapers — in Georgia, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Virginia and West Virginia
- Tribune Co. – The owner of the Los Angeles Times, Chicago Tribune, other daily newspapers and TV stations sought Chapter 11 protection in December 2008, burdened by $13 billion in debt. Tribune isn’t expected to file a reorganization plan until at least February.
- Freedom Communications Holdings Inc. – On Sept. 1, the owner of The Orange County Register in California and dozens of other newspapers sought bankruptcy protection.
- Philadelphia Newspapers LLC – The Philadelphia Inquirer and Philadelphia Daily News. This hard-fought Chapter 11 case began in February.
- Sun-Times Media Group Inc. – The owner of the Chicago Sun-Times and suburban newspapers filed for bankruptcy protection in March. The sale was finalized in October after leaders of five unions reversed course and agreed to contract changes demanded by Tyree.
- Journal Register Co. – The owner of the New Haven (Conn.) Register and other daily newspapers emerged from bankruptcy protection Aug. 7. The company had listed $692 million in debt – the bulk held by JPMorgan Chase.
- Star Tribune Holdings Corp. – The Star Tribune in Minneapolis had a Jan. 15 bankruptcy filing. When the newspaper emerged from Chapter 11 on Sept. 28, $480 million of debt to senior lenders got reduced to about $100 million. Company renamed Star Tribune Media Company LLC.
The newspapers need to wake up to the fact that they are turning off 50% of the readership through their far-left views.
Look for some major falls in 2010. New York Times now has less than a million circulation.
December 22nd, 2009 at 9:45 am
All these have left leaning editorials and bias?