Tuesday, April 03, 2007

Hiller acknowledges LAT job cuts coming

But the Times publisher tells NPR that under private ownership the expected savings can be reinvested more smartly than under Wall Street pressures. All Things Considered How's this for a tepid review: "It's generally not wise to sell your house when the market is going to hell in a handbasket," said Barry L. Lucas, an analyst with Gabelli & Co.. "I certainly hope no one else is thinking of doing what Tribune has done. It's a mess." WSJ

Source LAObserved

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