Sunday, February 25, 2007

Take Back the Times: FitzSimons Returns To Tactics That Don't Work

Take Back the Times: FitzSimons Returns To Tactics That Don't Work

Dennis FitzSimons, incorrigibly inept CEO of the Tribune Co. is apparently back to the same tactics he used that didn't work last June. He wants to assume more debt, and cut back the Tribune's faltering newspapers even more.

That is unless he accepts a last-minute proposal from Chicago real estate magnate Sam Zell to buy the company. But that too would mean assuming more debt, and probably cutting back newspapers outside Chicago. Has Zell even visited Los Angeles?
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4 comments:

  1. Anonymous11:21 AM

    DON'T WORRY, THE IBT/GCC WILL FIX EVERYTHING!!

    ReplyDelete
  2. Anonymous5:55 PM

    They can't do any worse tribune is like the Bush administration leaving debt and taking care of themselves first.

    ReplyDelete
  3. Anonymous9:40 PM

    "They can't do any worse"
    Don't bet on it!

    ReplyDelete
  4. Anonymous7:13 PM

    The San Diego Tribune speaks volumes about what the GCC can and cannot do. They were making 20.64 or so per hour when their contract ended in 2005. They havent got a new contract yet and its now 2007. Keegan talks about pressuring advertisers etc but that hasnt done anything for SD.

    ReplyDelete

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