Comments on: Tribune Goes Bankrupt – Reporters Blaming Zell http://www.therealestatebloggers.com/2008/12/09/tribune-goes-bankrupt-reporters-blaming-zell/ Real Estate Blog, Mortgage, and Development News Thu, 11 Mar 2010 02:17:00 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Tony Sena http://www.therealestatebloggers.com/2008/12/09/tribune-goes-bankrupt-reporters-blaming-zell/comment-page-1/#comment-308810 Tony Sena Wed, 10 Dec 2008 06:38:42 +0000 http://www.therealestatebloggers.com/2008/12/09/tribune-goes-bankrupt-reporters-blaming-zell/#comment-308810 I believe there will be many other major Newspapers following suit. Advertising in newspapers is dwindling and it will be very difficult to keep them profitable or even breaking even without increasing the price of a newspaper. I believe there will be many other major Newspapers following suit. Advertising in newspapers is dwindling and it will be very difficult to keep them profitable or even breaking even without increasing the price of a newspaper.

]]> By: Patrick Duffy http://www.therealestatebloggers.com/2008/12/09/tribune-goes-bankrupt-reporters-blaming-zell/comment-page-1/#comment-308678 Patrick Duffy Tue, 09 Dec 2008 19:48:40 +0000 http://www.therealestatebloggers.com/2008/12/09/tribune-goes-bankrupt-reporters-blaming-zell/#comment-308678 Actually what really torpedoed the deal was Zell's leveraging the company to the hilt, which made it more difficult to take the time and money to properly invest in a robust multi-media Internet strategy. This is a great example of how someone successful in one industry -- commercial real estate -- won't necessarily strike gold in another (media). Having written freelance for the L.A. Times and also the creator of a housing blog, I don't think blogs can EVER replace the depth and energy of a fully stocked newsroom, and to dismiss writing talent's complaints as "too bad" shows a very weak grasp of a much larger issue. Blogger Andrew Sullivan has a great piece on the future of blogs and media here: http://www.timesonline.co.uk/tol/comment/columnists/andrew_sullivan/article5297723.ece Actually what really torpedoed the deal was Zell’s leveraging the company to the hilt, which made it more difficult to take the time and money to properly invest in a robust multi-media Internet strategy. This is a great example of how someone successful in one industry — commercial real estate — won’t necessarily strike gold in another (media).

Having written freelance for the L.A. Times and also the creator of a housing blog, I don’t think blogs can EVER replace the depth and energy of a fully stocked newsroom, and to dismiss writing talent’s complaints as “too bad” shows a very weak grasp of a much larger issue.

Blogger Andrew Sullivan has a great piece on the future of blogs and media here:

http://www.timesonline.co.uk/tol/comment/columnists/andrew_sullivan/article5297723.ece

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