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Zell: Tribune Ad Revs Cratering, Break-Up Possible  Newish Tribune owner Sam Zell doesn't own a public company, but he does have a lot of debt. Which is presumably why he held the equivalent of an earnings call today to provide an update on the busines [..] |
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| Tribune (Almost) Toast, New York Times Next? Tribune was toast the moment Sam Zell loaded it up with $13 billion of debt. That it is now considering bankruptcy, therefore, comes as little surprise. (Read this early prognosis from Alan Mutter if you doubt that sane industry observers [..] |
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| Tribune Gives Initial Walking Papers To AP Throughout the year, a handful of smallish newspapers have announced plans to drop out of the AP cooperative. Back in August, the teetering-on-bankrupt Minneapolis Star-Tribune became the largest paper to give the AP drop out notice, the result [..] |
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| Why Sam Zell Is A Billionaire And You're Not From Clusterstock: "I'm not really very good at looking behind. And so consequently I don't tend to reminisce or self-mutilate myself as a result of past decisions.... This, too, shall pass."
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| Acer Q1 profits down, revs revved up Expansion-happy PC maker buoyed by strong ops
Acer Inc today reported a drop in first quarter net profit after one-off investment gains this time last year.
TheRegister [..] |
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| No Spring Sunshine For Cratering Newspaper Business This shouldn't suprise anyone: Goldman Sachs estimates that newspaper ad revenue was down 10.7% y/y in April, and from its conversations with execs at the New York Times Company (NYT), Gannett (GCI) [..] |
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| NetApp shares fall on downbeat forecast Q4 revs up, earnings flat
Despite reinventing itself with a “bold blue” new brand identity this quarter, NetApp’s net income was practically flat in Q4 2008.
TheRegister [..] |
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Sam Zell's message to the employer-owners at the faltering Tribune company: There's going to be fewer of you, and the ones that stick around will have to get a lot more productive, pronto.
[..]
Tribune Co. boss Sam Zell paid a visit to CNBC's "Squawk Box" this morning. He's looking for some advertisers (seen any?) and says it's his job to deliver some painful reality to the strugglin [..]
Many AOL (TWX) observers assume that the "belt-tightening" we reported a few weeks ago, combined with reorgs and sudden, significant cuts at AOL properties like Weblogs, [..]
