Sam Zell Deal Begins To Look Better for LAT
Zell may become interested in journalism now that he is becoming chairman of the one of the largest media outfits in America.
In any case, he should be given every chance, and, under all these circumstances, be welcomed at the Times with open arms, until and unless, he gives reason for supporters and staff of the newspaper to feel otherwise.
Somehow, I think it has a good chance of working out, and that the Times could become a real California institution once again.
Tuesday, April 03, 2007
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Someone else's thought of the day:
Newspapers have been raping its employees financially for decades. Despite seemingly high salaries, profits are constantly being diverted to shareholders at the expense of pay raises and benefits. Salaries at smaller newspapers are so abysmal that the best and brightest minds go to law school rather than become journalists.
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