The Tribune Co.'s consolidated Washington D.C. bureau is a "great example of the way we must approach business today," said Gerould W. Kern, the editor of the Chicago Tribune
Kern's opinion opposes what many in the news industry disagree with strongly -- the liquidating of major newspaper's D.C. bureau's like the Los Angeles Times and the Tribune
The bureau, which will house about 30 reporters to cover Washington for all Tribune newspapers, is the first of its kind and came after Tribune Co.'s chairman Sam Zell called the former structure "economically unjustifiable."
Kern said it was vital to "make the most of our talent and resources to create maximum value in order to thrive in these challenging times."
Tribune Co. reported earlier this week a third-quarter net loss of $121.6 million. The company is currently in roughly $13 billion in debt, much of which occurred after Zell took the company private following his purchase of the company in 2007.
Read more about the Tribune Co.'s D.C. bureau here.
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