The local media community is abuzz about the NYT piece on the Tribune Company. Shocking! Must-read! I guess, but its value is more gathering what’s already known (aside from a handful of seamy new accusations) and laying it out as an indictment. Anyone who’s been following the saga will be unsurprised to learn that:
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- The deal was a mess, and the bankruptcy is a clusterfuck* Randy Michaels has long been dogged by allegations of boorish behavior* Lee Abrams writes weird memos* The new leadership has a penchant for unfunny PR releases* The relationship between Zell, Blago, and the Wrigley deal is strange but still really opaque* That whole thing about anchorless news, the less said the better* The executive bonuses are really infuriating* The poker game , which was admittedly déclassé but strikes me as being pretty minor in the grand scheme of things * The advertorial-style wraps piss people off
Granted, it’s from anonymous sources with a lot of skin in the game, but it’s at least plausible.
