LA Times bankrupt, NY Times in Trouble

Duty Honor Country

Duty Honor Country

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http://www.usatoday.com/money/media/2008-12-08-tribune_N.htm
http://www.usatoday.com/money/media/2008-12-08-nytimes-building_N.htm

The company who owns the LA Times, Chicago Tribune has declared bankruptcy and the NY Times had to borrow $225 million against its HQ building in NYC to deal with a $1 billion debt.

The NY Times favorite fan Bill O'Reilly has been really critical of the times citing their declining revenue and circulation for at least a couple years. I bet it will be one of his talking points in the coming days. Then there is the fact that newspapers as a whole have faced years of declining circulation.

I posted this here because the LA Times and NY Times are regarded as the most liberal newspapers in the nation and the conservative side of the house has predicted what is now happening. I think there will be more media businesses that will face trouble soon. I will explode if a bailout is mentioned!

I enjoyed looking at an UCLA article in 2005 that said there is a liberal bias in 18 of 20 major news media outlets. See for yourself; it made me amused.
http://newsroom.ucla.edu/portal/ucla/Media-Bias-Is-Real-Finds-UCLA-6664.aspx
 
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I really believe that newspapers should have reported the news as fairly and accurately as possible to maintain their readership. They chose to follow the electronic media into sensationalism and gave up the integrity that readers wanted. They have done a disservice to people that wanted accurate news so they could form their own opinions. It really does not matter whether they leaned left or right, they did not deliver what readers wanted. What they gave us was Entertainment to Night. They could no longer be trusted.
 
Most newspapers have actually kept pretty straight lines. Go to a NY Times webpage, a Washington Post webpage, and read a story. It's 5 or 6 pages long. The same story on CNN is a paragraph.

It's the sh*tty sensationalist TV news programs and the USA Today that have killed the Newspapers; yes people get their news faster, but the facts are often wrong and people don't get all the required information on the topic to really comprehend what is going on, and why.

Test scores may be going up, but people are getting dumber... small wonder why.
 
It is not really new news that the people who own the Chicago Tribune and LA Times were having problems. The LA Times has been reporting various problems almost since it was bought by the Tribune 5 or 6 years ago. Almost every year there have been layoffs. And the news articles have suffered greatly.

The Tribune group also owns the Chicago Cubs although they were trying to sell them. Maybe they have.
 
If Obama and his cronies have their way, you can bet they will resurrect the "Fairness Doctrine".
 
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