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January 16, 2009

Not Waiting For The Asteroid

Minnesota's largest newspaper will try to use bankruptcy to restructure its debt and lower its labor costs.

Chris Harte, the paper's publisher, said the filing would have no impact on home delivery, advertising, newsgathering or any other aspects of the paper's operations.


No, it never does.


Posted by Kate at January 16, 2009 1:01 PM
Comments

As long as James Lileks keeps his job

Posted by: Kathy Shaidle at January 16, 2009 1:06 PM

"...the filing would have no impact on home delivery, advertising, newsgathering or any other aspects of the paper's operations."
"try to use bankruptcy to restructure its debt and lower its labor costs."

So this is to merely punish the creditors whom have already credited goods or services to this "reputable institution". That's always nice to know that you can target those that are unseen. Sounds like a Liberal thing to do.

Why then the comment about lowering labor costs?
The point seems to be an overt shot at the current employees and deliverers as such they are obviously being overpaid for their worth. But of course there will be no impact of any kind on any of their operations.

The Star-Tribune speaks with forked tongue.

I guess that's what you get with the Far-Left "newspapers". No wonder it is going under.

Posted by: Angry! at January 16, 2009 1:37 PM

"the filing would have no impact on home delivery, advertising, newsgathering"

That's because there are NONE of these to begin with.

BWAHAHAHAHAHA!

Posted by: Doug at January 16, 2009 1:42 PM

Having a good friend who edits for the Strib, I'm sorry to hear this. As one dinosaur concerned about another, that is. As a federal grain inspector, I'm sensing my demise, as well. Go Ritzy!!!

Posted by: ducktrapper at January 16, 2009 1:58 PM

Kathy re: Lileks....
If he is good and there is a market for his product, he will be employed.

Posted by: Angry! at January 16, 2009 2:02 PM

Lileks good? He's a national treasure. I guess the fact that I read his stuff on-line doesn't do the Strib much good though.

Posted by: ducktrapper at January 16, 2009 3:59 PM

What the publisher didn't mention via Bloomberg:

"Average weekday circulation fell 6.7 percent to 321,984 in the six-month period ended March 30, 2008, according to the Audit Bureau of Circulations."

Fair enough that the collapse of ad revenues are killing the newspaper industry, but, that decline in circulation is huge. Their answer to why and how they are going to fix that ought to be the starting point in their re-organization plans.

Posted by: penny at January 16, 2009 4:32 PM

All these newspapers must be bailed out by the federal government. Their voice is vital. From each according to his ability, to each according to his need.

Posted by: Mystery Meat at January 16, 2009 4:36 PM

Circuit City said the same thing, just used different words.

I wonder if being the DNC propaganda outlet hurt?

Posted by: tarpon at January 16, 2009 4:44 PM

Suicide by newsprint

Posted by: cappy at January 16, 2009 4:52 PM

Funny they never mention content which got them to this point in the first place.

Posted by: Revnant Dream at January 16, 2009 4:53 PM

Stop lying or die. The simple truth these left liberal dorks can't understand. The populace is tired of liberal lies in print and on the evening news. CTV and CBC are next I hope, can't wait to see Fife and Boag, Mcdonald flipping patties at Mcdonalds.

Posted by: bartinsky at January 16, 2009 7:57 PM

I wonder how the editorial board will make out?

Posted by: OMMAG at January 16, 2009 8:25 PM

I am in the prime demographic the Minneapolis Red Star and Tribune should be seeking, I am a middle aged, middle class, professional with disposable income and live in the Minneapolis suburbs. I do not and will not subscribe to that rag.

I used to subscribe, but have realized that much of the news they print is flat out factually incorrect. I know this from actual events I witnessed and compared what I saw first hand and I know was officially reported by and to government agencies to what the Star and Trib reported in their paper. I wonder how many other stories were just as badly mangled.

The stories read like something written for a 10 year old. The actual facts are few and far between, but loaded phrases abound. When they provide actual numbers in a story, the numbers are often not even consistent with the "facts" and "analysis" in the story.

Many "analysis" and political stories read like they lifted the press releases from the democratic party or any leftist think tank, "public interest" organization, and special interest group in existence. The Strib does not even try look at the other side of the story objectively. The one local conservative columnist was regularly vilified by her own colleagues.

Posted by: ex red star reader at January 16, 2009 8:39 PM

"The one local conservative columnist was regularly vilified by her own colleagues."

I read about the Strib's lunacy on Powerline. Perhaps there will be a fundraiser by the local Islamofascist community...

Posted by: rivers north at January 16, 2009 9:20 PM

They did all the left things and still went bust, who would have thunk it?

Posted by: Sgt Lejaune at January 17, 2009 10:15 PM

To their credit: A few years ago, after almost daily calls at home offering subcription deals I told them to take me off their list. I never got another call. Unless you count work.

Posted by: Gary Gulrud at January 19, 2009 3:57 PM
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