Want to Buy a Newspaper?
- Sun-Times Media Group Inc., parent of the Chicago Sun-Times, put the city's second-largest daily and "any or all" of the company's assets up for sale Monday amid a crippling decline in advertising and revenue at its newspapers.
The company said its board of directors also is looking at other strategic alternatives to increase shareholder value, including joint ventures or strategic partnerships.
But a sale has been, and remains, widely expected. Key shareholders in the struggling company, which also owns dozens of smaller Chicago-area papers, have been pushing for its sale to boost a badly lagging stock price caused by the industrywide loss of readers and advertisers to the Internet.
The demise of the print media has been a long time coming. A hidebound industry, unwilling to embrace or accept change and unreflective of the public they purportedly serve, has become part and parcel of the establishment (political and corporate) they were supposed to keep honest by reporting facts.
But facts and such get in the way of sales. And other facts get in the way of agendas. And let's face it - so much of what the Slum Times publishes today is agenda driven. And the lies told for years about circulation numbers to increase ad revenues came back to bite them.
If we had a spare billion, we'd buy them ourselves just to have the pleasure of shutting them down and selling the presses for scrap metal.
But facts and such get in the way of sales. And other facts get in the way of agendas. And let's face it - so much of what the Slum Times publishes today is agenda driven. And the lies told for years about circulation numbers to increase ad revenues came back to bite them.
If we had a spare billion, we'd buy them ourselves just to have the pleasure of shutting them down and selling the presses for scrap metal.
Labels: media
posted by SCC at 12:01 AM
6 Comments:
Everyone will soon be swiping, except for KK, unless you do what I do or say and nobody will be paid unless you bow to the King and Me
SCC,
Don't forget the Chicago Tribune is nothing but a liberal rag too. BTW,I know who you are. You are truly brilliant.
This is no joke,the Chicago Sun Times is literally on its last legs:
January 24,2008
Dear Subscriber,
Pioneer Press will discontinue publishing your local community newspaper as of today. Escalating costs and changing economies have forced the management to make a difficult decision.
Our records indicate that you are a subscriber with a balance left on your account. If we don't receive the remitance below by Feb 22,08,you will receive a Chicago Sun Times Sunday-only subscription until your balance runs out,in lieu of your Pioneer Press subscription. Your Chicago Sun Times Sunday-only subscription will begin approximately three weeks after the aforementioned deadline. If you do not wish to receive the Chicago Sun Times, you have two alternatives. You may make a donation to the Pioneer Press Charitable Foundation,or you may recieve a refund of the balance. If you select one of the options below please detach the remittance ticket,clearly mark your choice,and sign and date the form below.
Thank you for being a pioneer Press Subscriber.
Sincerly,
Jay Beaton
Director of Circulation
Pioneer Press Newspapers
The impending demise of the Chicago Sun Times should have been apparent to everyone when the Chicago Tribune started delivering their newspapers.
On the scum-times last day, maybe the respective district can have an outdoor rollcall in front of the times building. And at the end,all the male POs can piss on the door entrance.
Thats what I call CAPS.........
Mope-rah says----
It's all y'all white peoples fault.
The SUn Times executives talked about the buyer being someone who loved the history and accomplishments of the paper. Like they are going to find a Zell type to rally the paper, or the "franchise", as they call it. There is no such person.
Look at who advertises in this piece of shit. URB rehabbers and garage door people.
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