It’s time to stop the global warming propaganda machine while we still have freedom of speech

A few years ago was when Freeman Dyson, one of the world’s leading physicists, began publicly stating his doubts about global warming and backing them up. Tip: The socialists have changed the term from global warming to “climate change.” Watch the tea parties around the counrty for political climate change.

Speaking at a summit on the future at Boston University, Dyson said that “all the fuss about global warming is grossly exaggerated.” Since then he has only heated up his misgivings, declaring in a 2007 interview with Salon.com that “the fact that the climate is getting warmer doesn’t scare me at all” and writing in an essay for The New York Review of Books, the left-leaning publication, that climate change has become an “obsession” — the primary article of faith for “a worldwide secular religion” known as environmentalism.
Among those he considers to have been drinking the KoolAid, Dyson has been particularly dismissive of Al Gore, whom Dyson calls climate change’s “chief propagandist,” and James Hansen, a government (tax-payer funded) employee of the NASA Goddard Institute for Space Studies in New York and an adviser to Gore’s film, “An Inconvenient Truth.”
Dyson accuses them of relying too heavily on computer-generated climate models that foresee a Grand Guignol of imminent world devastation as icecaps melt, oceans rise and storms and plagues sweep the earth, and he blames the pair’s “lousy science” for “distracting public attention” from “more serious and more immediate dangers to the planet.”
William Gray, hurricane expert and head of the Tropical Meteorology Project at Colorado State University, in a 2005 interview with Discover magazine:
“I’m not disputing that there has been global warming. There was a lot of global warming in the 1930s and ’40s, and then there was a slight global cooling from the middle ’40s to the early ’70s. And there has been warming since the middle ’70s, especially in the last 10 years. But this is natural, due to ocean circulation changes and other factors. It is not human induced.
“Nearly all of my colleagues who have been around 40 or 50 years are skeptical as hell about this whole global-warming thing. But no one asks us. If you don’t know anything about how the atmosphere functions, you will of course say, ‘Look, greenhouse gases are going up, the globe is warming, they must be related.’ Well, just because there are two associations, changing with the same sign, doesn’t mean that one is causing the other.”
Richard Lindzen, professor of meteorology at Massachusetts Institute of Technology, in an editorial last April for The Wall Street Journal:
“To understand the misconceptions perpetuated about climate science and the climate of intimidation, one needs to grasp some of the complex underlying scientific issues. First, let’s start where there is agreement. The public, press and policy makers have been repeatedly told that three claims have widespread scientific support: Global temperature has risen about a degree since the late 19th century; levels of CO2 [carbon dioxide] in the atmosphere have increased by about 30 percent over the same period; and CO2 should contribute to future warming.
“These claims are true. However, what the public fails to grasp is that the claims neither constitute support for alarm nor establish man’s responsibility for the small amount of warming that has occurred. In fact, those who make the most outlandish claims of alarm are actually demonstrating skepticism of the very science they say supports them. It isn’t just that the alarmists are trumpeting model results that we know must be wrong. It is that they are trumpeting catastrophes that couldn’t happen even if the models were right as justifying costly policies to try to prevent global warming.”

Major city newspapers will go nonprofit to keep influence

Major cities such as San Francisco, Washington D.C., LA, Chicago, New York, Houston and Philadelphia may convert the serviving newspapers into nonprofits to keep their political and philanthropic status. 

The San Francisco Chronicle will be the first to test the entity. 

San Francisco investment banker Warren Hellman and other prominent SF  lawyers and investors made an informal proposal  last week to Hearst, owners of the San Francisco Chronicle about helping the troubled daily paper become a nonprofit, San Francisco attorney Bill Coblentz told the SF Business Times.

Hellman and Coblentz discussed the idea, then Coblentz conveyed it to former San Francisco Examiner editor and publisher William R. Hearst III, who is a Hearst Corp. director and an affiliated partner with Kleiner Perkins Caufield & Byers. William is one of the working Hearsts who lives in the Bay Area and keeps touch with The Chronicle on a daily basis. It’s unofficially the Hearst flagship, though in money making ability, their Houston Chronicle is by far the financial headquarters. 

“What happened after that, I don’t know,” said Coblentz, who is out of town.

The proposal would be for a nonprofit corporation “to take over the Chronicle,” with Hearst Corp. continuing to provide some philanthropic support, Coblentz said. Details remain sketchy. It’s unclear if the proposal is being seriously considered.

 

Editorial-wise they are already PBS in print, aren’t they? 

 

Obama Creating the United Socialist States of Amerika — trillions spent on Big Government programs

Back in the USSA. We don’t know how lucky we are, eh! Back in the USSA! 

WE GOT YOUR  MONEY     GONNA SPEND YOUR  MONEY   GONNA PRINT SOME MORE  MONEY

 

Antonia Ferrier, a spokeswoman for House Minority Leader John Boehner (R-Ohio), said Gibbs was trying to create a distraction by responding to Limbaugh.

“What we are seeing is a desperate attempt by Democrats to distract attention away from a multi-trillion dollar spending spree taking place in Washington,” Ferrier said. “Creating a boogeyman to change the subject does nothing to alter the fact that there are 9,000 earmarks in the omnibus spending bill, that the economic stimulus bill contained no Republican input or that their budget would increase taxes on all Americans.”

Mick Gregory

The EU is on the verge of crumbling as Obama and Gordy Brown use the banking crisis to nationalize and build more power for central government.

Historians will look back and say this was no ordinary time but a defining moment: an unprecedented period of global change, and a time when one chapter ended and another began.

The scale and the speed of the global banking crisis has at times been almost overwhelming, and I know that in countries everywhere people who rely on their banks for savings have been feeling powerless and afraid. But it is when times become harder and challenges greater that across the world countries must show vision, leadership and courage – and, while we can do a great deal nationally, we can do even more working together internationally. — Gordy Brown, UK Prime Minister

Anyone who took Economics 101 remembers the root cause of inflation — the central government prints massive amounts of currency. Change is coming. Inflation is coming my friends. From near zero under Bush (the evil one) to what may rival Zimbabwa in about a year or two. 

What will happen to the Democrat/Socialist Party’s plan to tax “only the rich?” We will all be the rich. Any two income household making over $210,000 will be taxed at the super high rates of Jimmy Carter, LBJ and FDR. 

That is coming. Bet on it. We will be wards of the state with more than 50 percent of our wealth taxed by the Democrats. The home mortgage deduction has been taken away from those like Joe the Plumber. Welcome to the USSA. We don’t know how lucky we are, eh! 

 

 

 

Back on Uncle Sam’s plantation 
Star Parker – Syndicated Columnist – 2/9/2009 8:00:00 AM

 

Six years ago I wrote a book called Uncle Sam’s Plantation. I wrote the book to tell my own story of what I saw living inside thewelfare state and my own transformation out of it.

I said in that book that indeed there are two Americas — a poor America on socialism and a wealthy America on 
capitalism. 
 
I talked about government programs like Temporary Assistance for Needy Families (TANF), Job Opportunities and Basic Skills Training (JOBS), Emergency Assistance to Needy Families with Children (EANF), Section 8 Housing, and Food Stamps.

A vast sea of perhaps well-intentioned government programs, all initially set into motion in the 1960s, that were going to lift the nation’s poor out of poverty.

A benevolent Uncle Sam welcomed mostly poor black Americans onto the government plantation. Those who accepted the invitation switched mindsets from “How do I take care of myself?” to “What do I have to do to stay on the plantation?”

Instead of solving economic problems, government welfare socialism created monstrous moral and spiritual problems — the kind of problems that are inevitable when individuals turn responsibility for their lives over to others.

The legacy of American socialism is our blighted inner cities, dysfunctional inner city schools, and broke n black families.

Through God’s grace, I found my way out. It was then that I understood what freedom meant and how great this country is.

I had the privilege of working on welfare reform in 1996, passed by a Republican Congress and signed 50 percent.

I thought we were on the road to moving socialism out of our poor black communities and replacing it with wealth-producingAmerican capitalism.

But, incredibly, we are going in the opposite direction.

Instead of poor America on socialism becoming more like rich American on capitalism, rich America on capitalism is becoming like poor America on socialism.

Uncle Sam has welcomed our banks onto the plantation and they have said, “Thank you, Suh.”

Now, instead of thinking about what creative things need to be done to serve customers, they are thinking about what they have to tell Massah in order to get their cash.

There is some kind of irony that this is all happening under our first black president on the 200th anniversary of the birthday ofAbraham Lincoln.

Worse, socialism seems to be the element of our new young president. And maybe even more troubling, our corporate executives seem happy to move onto the plantation.

In an op-ed on the opinion page of the Washington Post, Mr. Obama is clear that the goal of his trillion dollar spending plan is much more than short term economic stimulus.

“This plan is more than a prescription for short-term spending — it’s a strategy for America ‘s long-term growth and opportunity in areas such as renewable energy, healthcare, and education.”

Perhaps more incredibly, Obama seems to think that government taking over an economy is a new idea. Or that massive growth in government can take place “with unprecedented transparency and accountability.”

Yes, sir, we heard it from Jimmy Carter when he created the Department of Energy, the Synfuels Corporation, and the Department of Education.

Or how about the Economic Opportunity Act of 1964 — The War on Poverty — which President Johnson said “…does not merely expand old programs or improve what is already being done. It charts a new course. It strikes at the causes, not just the consequences of poverty.”

Trillions of dollars later, black poverty is the same. But black families are not, with triple the incidence of single-parent homes and out-of-wedlock births.

It’s not complicated. Americans can accept Barack Obama‘s invitation to move onto the plantation. Or they can choose personal responsibility and freedom.

Does anyone really need to think about what the choice should be?

 

Rocky Mountain News publishes final edition Friday

Poynteronline.org holds a podcast/blog later today on “Is it time to exit newspaper journalism?” What do you think they will say? 

Here is the final edition. It has a sad, final edition look to it. http://eatthedarkness.wordpress.com/2009/02/27/rip-rocky/

 

  

Joe Mahoney © The Rocky

Executives from  Scripps, announce their decision on the future of the Rocky Mountain News in the 150-year-old newspaper’s newsroom on 2/26/09 in Denver. In December 2008, the Rocky’s parent company put the paper up for sale, citing multi-million dollar annual losses. No offers were made. Nobody was that slow on the uptake on the future of newspapers.

  

 

 

  

Photo by Darin McGregor © The Rocky

A man stops to read the ticker on the outside of the Denver Newspaper Agency building announcing that the Rocky Mountain News is closing and that it will publish its last edition on Friday. Photograph taken in Denver Thurs. Feb 26, 2009.

  

Photo by Joe Mahoney © The Rocky

 

  

Photo by Joe Mahoney © The Rocky

Executives from E.W. Scripps Co., announce their decision on the future of the Rocky Mountain News in the 150-year-old newspaper’s newsroom on 2/26/09 in Denver. In December 2008, the Rocky’s parent company put the paper up for sale, citing multi-million dollar annual losses.

Share Your Thoughts

What do you think about Scripps’ decision to close the Rocky? We want to hear your thoughts. You can talk live with Mark Wolf by clicking here, or send a letter to the editor at letters@rockymountainnews.com

• BLOG: Official announcement at Rocky
• VIDEO: Scripps announces closure of Rocky Mountain News
• SLIDE SHOW: Rocky staff members get news of closure
• NEWS CONFERENCE: Recession forced closure, Boehne says

The Rocky Mountain News publishes its last paper today (Friday).

Rich Boehne, chief executive officer of Rocky-owner Scripps, broke the news to the staff at noon today, ending nearly three months of speculation over the paper’s future.

“People are in grief,” Editor John Temple said a noon news conference.

But he was intent on making sure the Rocky’s final edition, which would include a 52-page wraparound section, was as special as the paper itself.

“This is our last shot at this,” Temple said at a second afternoon gathering at the newsroom. “This morning (someone) said it’s like playing music at your own funeral. It’s an opportunity to make really sweet sounds or blow it. I’d like to go out really proud.”

Boehne told staffers that the Rocky was the victim of a terrible economy and an upheaval in the newspaper industry.

“Denver can’t support two newspapers any longer,” Boehne told staffers, some of whom cried at the news. “It’s certainly not good news for you, and it’s certainly not good news for Denver.”

Tensions were higher at the second staff meeting, held to update additional employees who couldn¹t attend the hastily called noon press conference.

Several employees wanted to know about severance packages, or even if they could buy at discount their computers.

Others were critical of Scripps for not seeking wage concessions first or going online only.

But Mark Contreras, vice president of newspapers for Scripps, said the math simply didn’t work.

“If you cut both newsrooms in half, fired half the people in each newsroom, you’d be down to where other market newsrooms are today. And they’re struggling,” he said.

As for online revenues, he said if they were to grow 40 percent a year for the next five years, they still would be equal to the cost of one newsroom today.

“We’re sick that we’re here,” Contreras said. “We want you to know it’s not your fault. There’s no paper in Scripps that we hold dearer.”

But Boehne said Scripps intended to keep its other media, both print and in broadcast, running.

“Scripps has been around for 130 years. We intend to be around another 130 years,” Boehne said. “If you can’t make hard decisions, you won’t make it.”

After Friday, the Denver Post will be the only newspaper in town.

Asked if pubilsher Dean Singleton now walks away with the whole pie, Boehne was blunt.

“He walks away with an unprofitable paper, $130 million in debt and revenues that are down 15-20 percent every year,” Boehne said.

Asked if Singleton would have to pay for the presses now, Boehne added, “We had to kill a newspaper. He can pay for the presses.”

Reaction came from across the nation and around the block.

“The Rocky Mountain News has chronicled the storied, and at times tumultuous, history of Colorado for nearly 150 years. I am deeply saddened by this news, and my heart goes out to all the talented men and women at the Rocky,” U.S. Sen. Michael Bennet said in a statement. “I am grateful for their hard work and dedication to not only their profession, but the people of Colorado as well.”

At the Statehouse, Rep. Joe Rice (D-Littleton), said the paper would be missed.

“The Rocky Mountain News has been a valued institution in Denver,” he said.

“It’s a sad, sad day.”

Long-time Denver real estate agent Edie Marks called the Rocky a voice of reason, moderation and common sense.

“I think that it was the fairest newspaper, the most diverse, and am important part of my daily life,” she said. “I’m going to miss it tremendously.”

On Dec. 4, Boehne announced that Scripps was looking for a buyer for the Rocky and its 50 percent interest in the Denver Newspaper Agency, the company that handles business matters for the papers. The move came because of financial losses in Denver, including $16 million in 2008.

“This moment is nothing like any experience any of us have had,” Boehne said. “The industry is in serious, serious trouble.”

Didn’t Obama sign the trillion dollar stimulous bill in Denver? What did that do for the Rocky? 

Chronicle’s chronic losses lead to major cuts at the Bay Area’s largest newspaper — papers coast-to-coast cutting staff

The San Francisco Chronicle ready for some major “right sizing.”

After some more streamlining in addition to a new printing process off site, the largest newspaper in Northern California should begin to be profitable again.  

In a posted statement, Hearst said if the savings cannot be accomplished “quickly” the company will seek a buyer, and if none comes forward, it will close the Chronicle. The Chronicle lost more than $50 million in 2008 and is on a pace to lose more than that this year, Hearst said.

Frank J. Vega, chairman and publisher of the Chronicle, said, “It’s just a fact of life that we need to live within our means as a newspaper – and we have not for years.”

Vega said plans remain on track for the June 29 transition to new presses owned and operated by Canadian-based Transcontinental Inc., which will give the Chronicle industry-leading color reproduction. That move will save a few million annually due to the reduction of highly paid pressmen.

If the reductions can be accomplished, Vega said, “We are optimistic that we can emerge from this tough cycle with a healthy and vibrant Chronicle.”

The company did not specify the size of the staff reductions or the nature of the other cost-savings measures it has in mind. The company said it will immediately seek discussions with the Northern California Media Workers Guild, Local 39521, and the International Brotherhood of Teamsters, Local 853, which represent the majority of workers at the Chronicle.

“Because of the sea change newspapers everywhere are undergoing and these dire economic times, it is essential that our management and the local union leadership work together to implement the changes necessary to bring the cost of producing the Chronicle into line with available revenue,” Frank A. Bennack, Jr., Hearst vice chairman and chief executive, and Steven R. Swartz, president of Hearst Newspapers, said in a joint statement.

From the Newsosaur:

SF Chron cost-cut target equals 47% of staff

If the San Francisco Chronicle had to slash enough payroll to offset the more than $50 million operating loss threatening its future, nearly half of its 1,500 employees would be dismissed.

That’s the magnitude of the challenge facing the managers and union representatives who were tasked today by Hearst Corp. to find a way to cut the paper’s mushrooming deficit – or else.

After losing more than $1 billion without seeing a dime of profit since purchasing the paper in 2000, the Hearst Corp. today threatened to sell or close the Chronicle if sufficient savings were not identified to staunch operating losses surpassing $1 million a week. Without significant cost reductions, the losses would accelerate this year as a result of the ailing economy, said Michael Keith, a spokesman for the paper.

To wipe out a $50 million loss, let alone make a profit, the paper would have to eliminate 47% of its entire staff

Meanwhile, on the East Coast:

The latest Hartford Courant (former Times-Mirror newspaper) layoffs were announced last night – political reporter Mark Pazniokas is among those cut from the newspaper. We’ve been told these names as well – please correct us if we have anything wrong: Jesse Hamilton of the Washington bureau,  Religion Reporter Elizabeth Hamilton, Business Reporter Robin Stansbury, Environment Reporter David Funkhouser, reporters  Steve Grant and Anna Marie Somma, sportswriter Matt Eagan,  itowns editor Loretta Waldman, itowns reporter Nancy Lastrina, administrative assistant Judy Prato, Marge Ruschau, Features copy editors Adele Angle and David Wakefield, and library staffer & researcher Owen Walker.

We’re told that editor/reporter Kate Farrish resigned earlier this week as did editor John Ferraro.

Denis Horgan is calling it the Mardi Gras Massacre.

Paul Bass has more in the New Haven Independent.

Now, back to Texas:

Memo from San Antonio Express-News’ editor

From: Rivard, Robert
Sent: Wednesday, February 25, 2009 10:44 AM
To: SAEN Editorial
Subject: We are canceling this morning’s news meeting for obvious reasons.

Colleagues:

By now you have read Tom Stephenson’s message to all employees. Every division of the Express-News will be affected, including every department in the newsroom. Incremental staff and budget cuts, we are sorry to say, have proven inadequate amid changing social and market forces now compounded by this deepening recession.

It is not lost on us as journalists in this difficult moment that we have built an audience of readers, in print and online, that is larger and more diverse than at any time in our century and half of publishing. We have done that at the Express-News through a commitment to excellence and public service. Now we must find ways to maintain these high levels of journalistic distinction even as valued colleagues depart. It is an unfortunate but undeniable fact that declining advertising revenues are insufficient to support our operations at current levels. At the same time, more and more people have become accustomed to reading us at no cost on the Internet. As a result, we are reducing the newsroom staff by some 75 positions, counting layoffs and open positions we are eliminating.

As a first step to securing our future and continuing to serve the community, we are undergoing a fundamental and painful restructuring of the newsroom staff. We will have fewer departments and fewer managers, and yes, fewer of every class of journalist. After we reorganize and consolidate additional operations with the Houston Chronicle, we will then turn to finding new ways to create and present the journalism we know is vital to the city and the region. There is every indication the community we serve recognizes our importance and wants the Express-News to succeed.

The newsroom leadership team will begin now to meet with individuals whose jobs are being eliminated. Brett Thacker and I are working with these editors to carry out such notifications as swiftly and humanely as possible. No one is being asked to leave the Express-News today unless you so choose. March 20 will be the final day for those whose jobs are being cut, at which time they will then receive involuntary separation packages that include two weeks’ pay for each year of service up to one year’s pay, along with other benefits. Some production journalists involved in the consolidation project with the Houston Chronicle will be asked to stay on until that project is completed in the coming months. Those who do stay until the completion will receive their separation packages at that time.

We have worked to preserve the size and depth of our newsroom in every imaginable way these past months and years, but events beyond our control have overwhelmed those efforts. Newsrooms become like families, but companies in every industry reach a point where they face fundamental, sometimes harsh change in order to preserve their viability. We are at that point. Most of you read yesterday’s news regarding the San Francisco Chronicle and recently became aware of pending staff cuts at the Houston Chronicle. Our intention is to get through these difficult days and work to remain an indispensible source of news and information through the recession and beyond.

Hearst purchased the Chronicle in 2000, but soon afterward felt the impact of an economic downturn in the dot.com sector as well as the loss of classified advertising to Craigslist and other online sites. The problems have been exacerbated by the current recession.

In the news release, the privately-held, New York-based company said that the Chronicle has had “major losses” since 2001.

Back on the West Coast, there is no safe haven.

Sacramento Guild bracing for job cuts

Woe is us, McClatchy warns

Media Workers Guild – 12 Feb 2009

Sacramento Bee employees should expect a serious wave of layoffs in early March, as well as other cost-cutting measures now being considered, including wage cuts and mandatory furloughs as McClatchy Newspapers’ financial crisis worsens, company representatives told the Guild’s bargaining committee in a 90-minute session Thursday.

Mercury Bargaining Bulletin 9

Mercury News wants $1.5 million cut from wages and benefits

 

California Media Workers Guild – 10 Feb 2009

Mercury News negotiators said Tuesday they need to find $1.5 million by cutting wages and benefits paid to Guild members annually in the face of the economic woes facing the company. The company’s announcement came at a bargaining session Tuesday that kicked off an effort by management and the Guild to expedite the process of reaching a new contract to replace the one that expired October 31.

“Given the losses the Chronicle continues to sustain, the time to implement these changes cannot be long. These changes are designed to give the Chronicle the best possible chance to survive this economic downturn and continue to serve the people of the Bay Area with distinction, as it has since 1865,” Bennack and Swartz said in their statement.

“Survival is the outcome we all want to achieve,” they added. “But without specific changes we are seeking across the entire Chronicle organization, we will have no choice but to quickly seek a buyer for the Chronicle, and, should a buyer not be found, to shut down the newspaper.”

The Hearst statement further said that cost reductions are part of a broader effort to restore the Chronicle to financial health. At the beginning of the year, the Chronicle raised its prices for home delivery and single-copy purchases.

Hearst owns 15 other newspapers including the Houston Chronicle, San Antonio News-Express and the Albany Times-Union in New York . Hearst announced Jan. 9 that in March that if a buyer is not found it will close Seattle Post-Intelligencer, which has lost money since 2000.

Vega said readers and advertisers will see no difference in the Chronicle during the discussions with the unions.

“Even with the reduction in workforce, our goal will be to retain our essential and well-read content,” Vega said. “We will continue to produce the very best newspaper for our readers and preserve one of San Francisco ‘s oldest and most important institutions.”

The Chronicle, the Bay Area’s largest and oldest newspaper, is read by more than 1.6 million people weekly. It also operates SFGate, among the nation’s 10 largest news Web sites. SFGate depends on the Chronicle’s print news staff for much its content.

The San Francisco Bay Area is home to 21 daily newspapers covering an 11-county area.

The Chronicle’s news staff of about 275, even after a series of reductions in recent years, is the largest of any newspaper in the Bay Area.

“While the reductions are an unfortunate sign of the times, the news staff has always been resilient in San Francisco ,” said Ward Bushee, editor and executive vice president. “We remain fully dedicated toward serving our readers with an outstanding newspaper. We are playing to win.”

The area’s other leading newspapers – the Bay Area Media News Group that includes the San Jose Mercury News, Contra Costa Times and Oakland Tribune – also have seen revenues decline sharply and cut staff.

These problems are a reflection of those faced by newspapers across America as they experience fundamental changes in their business model brought on by rapid growth in readership on free internet sites, a decline in paid circulation, the erosion of advertising and rising costs.

Advertising traditionally has offset the cost of producing and delivering a newspaper, which allowed publishers to charge readers substantially less than the actual cost of doing business. The loss of advertising has undermined that pricing model.

In the case of the Chronicle, Vega said the expense of producing and delivering the newspaper to a seven-day subscriber is more than double the $7.75 weekly cost to subscribe.

At the beginning of the year, in an effort to evolve its business model and offset its substantial losses, the Chronicle raised its subscription and newsstand prices, taking a cue from European papers that charge far more than their American counterparts.

“We know that people in this community care deeply about the Chronicle,” Vega said. “In today’s world, the Chronicle is still very inexpensive. This is a critical time and we deeply hope our readers will stick with us.”

The challenge the Chronicle faces, Vega said, is to bring its revenues from advertising and circulation into balance with its expenses so that the newspaper can at least break even financially.

“We are asking our unions to work with us as partners in making these difficult cost-cutting decisions and reduction in force to ensure the newspaper survives,” Vega said.

Michael Savage will have some candid comments on the layoffs. What about the content of the Chronicle’s “news?”

The union reps “negotiate” their fate:

Cost-Cutting Talks Begin – 

Guild leaders met with representatives from The Chronicle and Hearst Corp. this morning to discuss the company’s cost-cutting proposal.

We opened the meeting by underscoring our commitment to our membership and the community to do all we can to reach an agreement that will keep The Chronicle open and return it to profitability.

The company seeks a combination of wide-ranging contractual concessions in addition to layoffs, the exact number of which the company said it did not yet have. For Guild-covered positions, the company did say the job cuts would at least number 50. Other proposals include removal of some advertising sales people from Guild coverage and protection, the right to outsource — specifically mentioning Ad Production — voluntary buyouts, layoffs and wage freezes. 

We plan to closely analyze this proposal over the next few days and explore every possible alternative. Meetings will be held to discuss details with members of the bargaining unit. An informational membership meeting will be held from 5-7 p.m.tonight (Tuesday Feb. 25) at the Guild office, 3rd floor conference room.

Management reiterated its commitment to keeping The Chronicle open and to working with the Guild to secure a viable future. Despite the difficult economic environment, we are confident that by working together we can find solutions to any problems that confront us.

If you have any questions or suggestions, contact your shop steward or e-mail Unit Chair Michelle Devera, Local President Mike Cabanatuan or Unit Secretary Alissa Van Cleave.

In solidarity,

Michelle Devera, Chronicle Unit chair, michelleatsfchronunit@gmail.com
Michael Cabanatuan, Local President, ctuan@aol.com
Alissa Van Cleave, Chronicle Unit secretary, vancelave44@hotmail.com
Wally Greenwell, Chronicle Unit vice chair
Gloria La Riva, president, Typographical Sector
Carl Hall, Local Representative

Philly Newspapers Rolled – Inquirer and Daily News in free fall

Bankruptcy documents filed Sunday by Philadelphia Newspapers LLC, The Inquirer and Daily News and seven affiliated suburban publications report the newspaper group bought  from McClatchy (the troubled chain that Knight-Ridder unloaded in 2005) is asking the court for bankruptcy protection. The Philly group paid McClatchy  $562 million for the papers. The value of the assets is far lower than that just a few years later.

You have to admire the business knowledge of the Knight-Ridder family share holders who knew when to fold them and chuck them off before the business trends became obvious.

This report in Forbes Magazine is by Wm. P Barret, former Dallas Times Herald and Philly Inquirer reporter and editor. He has good sources. 

The Inquirer and Daily News join a growing list of newspapers forced into bankruptcy after sharp declines in advertising destroyed their ability to service big debts taken on when they changed hands. A day earlier, Journal Register Co. (nyse: JRC – news – people ), parent of Connecticut’s New Haven Register and 178 other weekly and daily newspapers, sought bankruptcy-court protection. The same fate befell the Minneapolis Star Tribune last month. In December, Tribune Co., whose holdings include the Chicago Tribune, Los Angeles Times and Newsday, filed for Chapter 11 bankruptcy protection. All newspapers have suffered sharp ad revenue declines due to Internet competition and the recession, but those that recently changed hands in leveraged deals are the most vulnerable.

The bankruptcy threatens to wipe out the $150 million equity investment made by Tierney’s Philly group, which included local labor unions and business interests. It also raises the prospect of big losses by the lenders that provided the balance of more than $400 million in debt financing. The list of largest unsecured creditors was topped by Royal Bank of Scotland (nyse: RBS – news – people ), which is owed $22 million. As of Jan. 31, the company said it still owed $395 million to lenders.

 

“The debtors’ assets and going concern value are worth less today than they were worth in 2006,” Thayer wrote. He added that Philadelphia Newspapers had 2008 free cash flow–before interest, taxes, depreciation or amortization–of $36 million. That is expected to drop 31% to $25 million this year, Thayer wrote. It is from cash flow that debt-servicing payments are made.

Thayer’s statement hints at hard-ball tactics on all sides as Tierney’s team fought to restructure its finances outside of court. A Tierney request in November for $20 million in equity investment from lenders was rejected. Then this month, Thayer wrote, lenders countered with a proposal that the money be a loan and demanded an answer to their proposal within 48 hours–and without providing a copy of the paperwork describing fees for their loans.

In a memo to employees, Tierney said the company has asked the hometown bankruptcy court to allow payments of benefits and pensions. A bankruptcy filing usually halts such payments, at least initially. In recent years, many employees of the Inquirer and Daily News have taken buyouts or have been laid off.

Thayer’s affidavit says Tierney’s management has “dramatically improved the operations.” But one thing not specified was print circulation numbers of the Inquirer and Daily News, both Pulitzer Prize-winning newspapers. Latest audited figures put their combined daily circulation at 398,000, on the order of half what it was when the papers’ main competition, The Philadelphia Bulletin, went out of business in 1982.

McClatchy about to be kicked off the New York Stock Exchange as stock falls below $1 dollar.

The elegant McClatchy stock certificates for Class A stock are worth more than the stock itself. *

 

This report is directly from a McClatchy press release. The McClatchy Company today (Feb. 5) reported a net loss from continuing operations in the fourth quarter of 2008 of $20.4 million, or 25 cents per share.

McClatchy also announced that it was notified by the New York Stock Exchange  that it is not in compliance with the NYSE’s continued listing standards. The NYSE’s notice dated February 4, 2009 indicated that on February 2, 2009, the company’s average share price over the previous 30 trading days was $0.98, which is below the NYSE’s quantitative listing standards.

The NYSE listed companies must maintain an average closing price of any listed security above $1 per share for any consecutive thirty trading-day period. McClatchy plans to notify the NYSE of its intent to cure this deficiency and has six months from the date of the NYSE notice to cure the non-compliance. The company’s Class A common stock will continue to be listed on the NYSE during this interim period, subject to compliance with other NYSE listing requirements and the NYSE’s right to reevaluate continued listing standards. In reality, the stock is now considered a “penny stock” and things had better shape up in the next six months. 

There was no report on what McClatchy was doing about its carbon footprint and efforts to slow climate change. 

Revenues in the fourth quarter of 2008 were $470.9 million, down 17.9% from revenues from continuing operations of $573.4 million in the fourth quarter of 2007. Advertising revenues were $388.3 million, down 20.7% from 2007, and circulation revenues were $67.0 million, up 1.4%. Online advertising revenues grew 10.3% in the fourth quarter of 2008 and were 10.9% of total advertising revenues compared to 7.8% of total advertising revenues in the fourth quarter of 2007.

Using cash from operations and proceeds from asset sales, the company repaid $30 million of debt in the quarter and $433 million for all of 2008. Debt at the end of the fiscal year was $2.038 billion, down from $2.471 billion at the end of 2007.

Restructuring plan to calm banks and other investors

McClatchy noted in a press release that the duration and depth of the economic recession have taken a severe toll on its advertising revenues. Given the unprecedented deterioration in revenues and with no visibility of an improving economy, the company is continuing to reduce expenses. McClatchy announced that it is developing a plan to reduce costs by an additional $100 million to $110 million, or approximately seven percent of 2008 cash expenses, over the next 12 months beginning later in the first quarter of 2009.

Details of the plan have not yet been finalized. In addition, the company will freeze its pension plans and temporarily suspend the company match to its 401(k) plans, effective March 31, 2009. The company will extend a salary freeze for senior executives in 2009 that was implemented in 2007. The company previously announced that it had implemented a company-wide salary freeze from September 2008 through September 2009. Gary Pruitt, McClatchy’s chairman and chief executive officer, also has declined any bonus for 2008 and 2009. In addition, other senior executives will not receive bonuses for 2008.

 

The loss from continuing operations for the entire year of 2007 was $2.73 billion, or $33.26 per share, including the effect of the non-cash impairment charges taken in 2007. Adjusted earnings from continuing operations(1) were $110.9 million, or $1.35 per share, in fiscal 2007 after considering the non-cash impairment charges and adjustments for certain discrete tax items. The company’s total net loss, including the results of discontinued operations, was $2.74 billion, or $33.37 per share.

 

Management’s Comments

Commenting on McClatchy’s results, Pruitt said, “2008 was a difficult and disappointing year. We faced troubled economic times and structural changes in our business.

 

“But the economy remains mired in recession and our industry is still in a period of transition. The advertising environment continues to be weak and we expect print advertising revenues to continue to be down. While we do not have final advertising revenue results for January, we know that the month was slower than the fourth quarter. We don’t have any better sense than other market observers as to how long the current recession will last and we do not yet have visibility of revenue trends.

“We must respond with both continued rigor in driving our revenue results as well as permanently reducing our cost structure. At McClatchy we are quickly becoming a hybrid print and online news and information company.

“Evidence of our cost reduction efforts can be found in our results. Excluding severance and other benefit charges related to our previously announced restructuring plans, cash expenses were down 14.4% in the fourth quarter and were down 11.5% in all of 2008.

“This necessary transition to a more efficient company is especially painful in a horrible economy and we have had to make some very difficult decisions to keep the company safe,” Pruitt said. “Even so, we are determined to treat our employees well and secure their retirement as best we can. So while we have announced that we are freezing our pension plans and will temporarily suspend 401(k) matching contributions as of March 31, we will continue to offer competitive benefits for our employees. We expect to offer a new 401(k) plan later this year that will include both a matching contribution (once reinstated), plus a supplemental contribution that is tied to cash flow performance. I recognize the sacrifices our employees are making to help us get though this difficult time and I appreciate their loyalty to McClatchy. I am confident that the McClatchy team is up to this challenge and we will see brighter days when the economy finally turns.”

Pat Talamantes, McClatchy’s chief financial officer, said, “Our new cost initiatives, combined with our 2008 efforts, are designed to save approximately $300 million annually before severance costs. Approximately $60 million of savings has been realized in 2008, and $44.7 million of severance costs associated with these programs has been expensed in 2008 and largely paid.”

“Despite the downturn in advertising revenues, we still continue to generate significant cash and are using it to repay debt,” Talamantes said. “Our debt at year end is $2.038 billion, down $433 million from the end of 2007. Based on our trailing 12 months of cash flow, our leverage ratio is currently 5.1 times cash flow and our interest coverage ratio is 2.8 times cash flow as defined by our bank agreement — well within the allowable covenant thresholds. We have $159 million in availability under our bank credit lines, and have no significant debt maturities until June 2011. We believe that we can work through this difficult environment, and we expect to make further progress in paying down debt in 2009.”

Other Matters

McClatchy also announced that it was notified by the New York Stock Exchange (the “NYSE”) that it is not in compliance with the NYSE’s continued listing standards. The NYSE’s notice dated February 4, 2009 indicated that on February 2, 2009, the company’s average share price over the previous 30 trading days was $0.98, which is below the NYSE’s quantitative listing standards. Such standards require NYSE listed companies to maintain an average closing price of any listed security above $1.00 per share for any consecutive thirty trading-day period. McClatchy plans to notify the NYSE of its intent to cure this deficiency and has six months from the date of the NYSE notice to cure the non-compliance. The company’s Class A common stock will continue to be listed on the NYSE during this interim period, subject to compliance with other NYSE listing requirements and the NYSE’s right to reevaluate continued listing standards.

Consistent with the growing industry practice, McClatchy will discontinue issuing monthly revenue and statistical reports after this release. McClatchy is among the last newspaper companies to report advertising results monthly, and without comparable industry information, management does not believe monthly revenues are as useful to investors. The company will continue to provide revenue trends and other statistical information on a quarterly basis with its earnings releases.

*Class B stock is the stock held by the family, so that has voting rights and much more value when the assets are finally sold. It’s the same model used by the New York Times.

Let’s hear the Blago tapes, the Rod Blagojevich tapes have Rahm Emanuel calling 21 times. Trib tips off wire tap before any crime was committed

UPDATE: The Illinois legislature is on the verge of an impeachment vote for Governor Blagojevich. I predict Blago will prevail. The governor knows what was said on those tapes. It takes two to tango. 

UPDATE: Governor Blagojevich says lets hear all the tapes!

“Before they remove a governor who’s been elected twice by the people, hear the whole truth, every tape,” Gov. Blagojevich said. “Richard Nixon, during Watergate, fought tooth and nail to keep those tapes from being heard because he knew there was something wrong on there. Me? I’m the opposite, the anti-Nixon. I want every one of those tapes heard in the impeachment trial, and every witness called in.”

In Springfield yesterday, senators heard the unmistakable voice of the governor talking to his deputy about an alleged pay-to-play scheme for his campaign. Isn’t that fundraising?

The trial seems like an  old USSR show trial. The fix is in if the governor can’t let his accusers hear the entire conversations.

Making a laughing stock of our democracy. A constitutional crisis or common practice?

Obama’s chief of staff, Rahm Emanuel is on record for calling Governor Blagojevich 21 times in a matter of a few days. What do you think the conversations were about, the weather? The Chicago Sun Times reported that little tidbit. The same paper that earlier endorsed Obama and Blagojevich. 

Chicagoans call the Gov, Rod Blowdryavich. What law did he break?

This we now know, the Tribune, which overall has been endorsing Democrats for decades including Obama, Daley and Blago, actually announced the wire tap to everyone, including the governor, Jessie Jackson Jr. and Obama’s staff. We know from Fitzgerald’s office that the governor had been under investigation for more than a year. That is well before the Democrat machine knew they had Obama’s coveted Senate seat to be appointed.  I’m sure they were hopeful about that and planning for it for a few months.

Why didn’t the Tribune expose the wire tap about two months earlier, before the presidential election? What day was the wire tap put on the Governor’s phones?

We know now that among the hundreds of hours of conversations involving Rod Blagojevich secretly recorded by the FBI since Oct. 22, one phone call is drawing particular scrutiny among politicos, journalists and others in Washington. It was a marathon conference call on Monday, Nov. 10. This must have been big. Really big.

Soon after the media mentioned the wire tap. Why now? The journalists didn’t know about it until the big call on Nov. 10. That’s my guess. What do you think?

It may be because a Democrat tipped off the Tribune after the election, but had to “pull the trigger”  earlier than planned  because the political payoffs and negotiations for a U.S. Senate seat were getting ugly, pulling in some top Democrats.

Think about the reason why somebody would leak the details of the investigation to the Tribune. Somebody who is close to the case observes that high-ranking Democrats are being dragged into the case, and he tips the media off on the wires as a way of warning anybody else dealing with Blago to cut it off now!

While all the witnesses against Blago were offered ple deals, even Tony Rezko, I bet you wont see a deal offered to Blago in exchange for other names or higher-ups. It will all end up on Blago.

The Chicago Tribune editors agreed to wait, according to Fitzgerald, until the wire was in place, not until a crime was committed. That was a nice gift for Christmas or “Fitzmas” in Chicagoland. But something is not right. The wire was placed  on  phones on Oct. 22.

Now the Democrat party  in 2009 will have it all — the Presidency, Senate and  House of Representatives. The powerful machine party will also be “appointing” Senate seats for Joe Biden (his son); Hillary Clinton (Carolyn Kennedy); and Obama’s seat (it was to go to the highest bidder, Jessie Jackson Jr., but that is in question).

Plus, the Democrats have their machine counting thousands of votes to cancel out Republican Norm Coleman’s slight win with re-counted (formerly rejected ballots for the former comedian Al Franken).

I have to laugh about the corruption of the media and the Democrat party. Watch how the media acts as defense attorneys when one of their own is in the hot seat. But when it’s a Republican, they act in concert with the prosecuting attorneys.

The Chicago Tribune endorsed Blagojevich for governor and Obama for president. Watch dogs? More like lap dogs.

Take the Nixon tapes. Those were tapes made by the former president so he had a record of events from which to accurately recall day-t0-day events for his biography. 

Those were attacked by Democrat politicians, taken from him by attorneys and made public. 

How about the tapes of political corruption of the highest, criminal level? The selling of a U.S. Senate seat? The tapes of Illinois governor Blogojevich and the scores of Democrats competing for Obama’s vacant U.S. Senate seat? Will there be the media and legal frenzy demanding the public have access to the tapes? Will we only hear select sound bites from the tapes? Let’s hear them all. 

The American people should know how the political system  works. The taxpayers paid for Fitzgerald’s taping and investigation. Let’s hear the tapes and read the transcripts in full. 

The “open” Obama administration is in lock down.

Obama’s staff has declined to respond to even basic questions, like who is conducting the probe? Have you heard the tapes? Obama promised transparency throughout his administration and the run up to it and to divulge contacts his staff has had with Blagojevich’s office in the coming days. But his staff has locked down on inquiries. Just words it appears. No follow up by the media. 

Does the San Francisco Chronicle, Chicago Tribune, New York Times or Washington Post have an interest in finding the full transcripts of the  Blogo tapes with Jesse Jackson Jr. and maybe even president-elect Obama? 

Is there a  free press in America?

They didn’t do a very good job with Tammany Hall did they? How about Richard Daley? How about a little reporting on the 400 Illinois government officials arrested since 1995? 

How about LBJ?  And Jack Ruby, wasn’t he from Chicago? 

It’s time for complete transparancy. It’s up to citizen journalists. We have nothing to gain but the truth.

Let’s start redistributing the wealth of Barbra Streisand, Michael Moore and Opra

Barack Obama has plans to redistribute the wealth of Joe the Plumber — that’s chump change and the guy has to work with broken pipes and human waste for his money.

How about going after the big fish — liberal Hollywood Democrats like Barbara Streisand, Michael  Moore, Opra Winfrey, Rosie ODonnel, Rob Rhiner, Alec Baldwin, John Travolta and friends?

How about Ted Kennedy, John and Teressa Kerry, even Bill and Hillary Clinton now that they’ve skimmed millions from the system.

What’s so funny about redistributing the wealth? What kind of jokes are they telling in New York and Malibu about McCain and Sarah Palin?

Bill Ayers was out lecturing an adoring crowd of admirers, expressing displeasure that he’s become an issue in the Presidential campaign. The Daily News reports:

The former member of the Weather Underground beamed at the attention paid by the audience of about 60 people, many of whom were decked out in Obama gear. The crowd gave Ayers a warm welcome, guffawed at jokes about “redistributing the wealth” and nodded at his complaints about the “Republican revolution.” After the talk was over, event organizers attempted to sneak Ayers out a back door to avoid the media. Waiting reporters gave chase, but Ayers sputtered, “No comment,” and darted into a cab.

One wonders what that redistributing the wealth joke was — those “property is theft” gags are a hoot, no doubt. Yes, I’m sure with the website and the  new edition of his book coming out, his real hope is to remain far from the limelight.

If you find it odd that sixty people would choose to spend their time with a former terrorist yucking it up about the Reagan Revolution, you might consider how utterly bizarre it would be to enjoy a fulsome political and personal relationship with such a person. It is not something an average voter, I’d suggest, could in his wildest dreams imagine doing.

Once again, you are left to conclude that Obama simply doesn’t hold the same values as ordinary voters. He’s giving a good imitation. But that’s not the same. It really isn’t. –Jennifer Rubin

Joe the plumber is in deep sh*t now for speaking up against Obama

By Mick Gregory

You knew it would happen. Joe the Plumber’s 15 minutes of fame in last night’s debate have turned into a round of public humiliation for the wannabe business owner. The Toledo Blade is reporting that Joe has no plumber’s license.

To make matters worse, the Blade also found that the Ohio Department of Taxation placed a lien against Joe because $1,183 in personal property taxes had not been paid. The piling on has begun. The media is searching for more dirt on Joe. Why aren’t journalists looking at William Ayers and Obama’s ACORN support and the Fannie and Freddie financial disastor with as much vigor?

You know why, don’t you. Welcome to the new United Socialist/Democrat States! Where the media is in lockstep with Big Brother and Senator Government. Make way for a wave of taxes and government control not seen in this country since Jimmy Carter, or LBJ’s Great Society, maybe even FDR’s New Deal. It’s BO’s time.

It took a hard working, average citizen to expose the media propaganda and lack of reporting on Democrat candidate for president, Barack Obama. Rather than report on Obma’s ACORN and William Ayers long-term alliance with Obama’s political support, they turn to ripping into Joe from Ohio.

 

 

We know that more than 90 percent of the major media consider themselves liberal. Even more so, the “minor media” like loser reporters in Scranton and those working for the Stribe.

We know that the small town Scranton fat, homely liberal reporter who made up hearing people at McCain-Palin saying “terrorist,” etc.

It’s patriotic to pay more taxes? Say it ain’t so, Joe! Joe, there you go again!

She connected with the West and Midwest.

Sarah stood toe to toe with an old Democrat who has been in Congress since she was in second grade.

“This was a knockout. She did the best of any debate I’ve ever seen.” — Rudy Guliani

She is more than qualified. She is a maverick governor of a large, important state.

She uses plain talk.

“McCain rang the warning bell in 2005. The Democrat Party ignored that warning and shut it off. That’s why we are in the financial bail out we are in,” Sarah Palin.

Create jobs, lower taxes, end the war with victory…

— Sarah Palin

Look, $180 billion to Kenya’s poor?

Energy independence.

I can’t wait to get to work there.

Did Joe Biden’s kids go to public schools? Did Clinton’s? Did Kerry’s? Did Obama’s?

Why do the teachers unions send their dues to Democrat elitists?

Joe there you go again.

Our schools need to be ramped up. Palin comes from a family of school teachers. Increase the standards.

“We need people from middle America’s opinions. They know what hard work and morals are about.”

“I’m totally blown away,” Senator Fred Thomson.

I’m so happy for her. She has been made to look like a bafoon. She has placed shame on a lot of people if they are capable of shame,” Thomson.

Obama said he would sit down with Amadidajon.

Biden said he was against coal. All coal in the U.S.

Try and say the following with a straight face to a liberal friend:

Senator Biden made the performance of a lifetime. He is substanitive, presidential and has gravitas. Sarah Palin, the hockey mom, pitbull with lipstick was an embarassment. What does she know about governing? She was an embarassment!”

PBS Democratic Party propaganda exposed by viewers — one sided poll is a laugher

Taxpayer supported PBS should at least try and show some restraint during the runup to a national election. But the programing executives do all they can to get Obama/Biden in the White House and complete the project of one party rule in the United States.

The media executives at PBS published a survey asking if Sarah Palin was qualified to be Vice President.

But there were no such surveys about Obama, Biden or Hillary were there?

Here are some examples of citizen journalists remarks buried on the PBS ombudsman Web page.

WIll you see this in your daily newspaper? Nah. And the Democratic Party promises to bring back the Fairness Doctrine after they take over the White House. Why do they have to go that far?

I am once again aghast and stunned that the PBS would be so involved in politics that they actually circulated the “is Sarah Palin qualified to be Vice President” poll. How dare you use federally subsidized taxpayer platform for your own political ambitions: have you know shame?

You code of ethics mentions a “neutral platform” and that means you do not have the right to back a candidate. The poll regarding the qualifications of Sarah Palin would only be put out by a biased, liberal attack apparatus: Everybody else knows that she is well enough qualified to be President, far far more than Obama. It is a moot point and undebateable fact that Obama is not qualified by experience, background or character to be President; yet you have the audacity to question whether the sitting governor of the State of Alaska is qualified.

The mere asking of the question is an unethical violation of your own “neutrality” status. As for me; Every night I pray to God that Obama does not reside at the White House.

James Steven Slater, Fort Worth, TX

McCain should pick Sarah Palin, governor of Alaska for VP

This post was published on Aug 25, 2008 

There is talk that Sen. John McCain will take more air out of the Democrat Convention by announcing his VP on Thursday. Good plan. Now, make it Sarah Palin and he will get some of Hillary’s disenfranchised voters. Palin has it all, good looks right out of central casting, intelligent speaker, family values and governor of Alaska.

She has positive energy and wit. She will be able to out debate Biden and show that the Republicans trust a women for high office.

Visit http://palinforvp.blogspot.com/

Drill here, drill now!

Sarah Palin

The Washington Post and New York Times preach affirmative action for every other organization, but they don’t practice it

The New York Times is a daily promotional newsletter for the elite liberals and Democrat party. The  high paying positions are filled by family members and friends from the inner circle of the Democrat party.  A former speech writer for Bill Clinton rejected an Op-Ed letter from John McCain, while printing Obama’s letter in full the week before.

Take a look at the CEO, publisher and executive editor positions at the New York Times. It’s all in the family. And one of the biggest jokes on Wall Street, their stock is like the Democrat’s super delegates, the Sulzberger family has voting rights while all the other stockholders do not. That assures that Pinch Sulzberger stays highly paid as CEO and publisher of the crumbling empire. Pinchy gets to travel to Devos, Switzerland to discuss economic issues on the non-voting stock holders’ dime. (Devos is one of the most expensive resorts in the world).

Why isn’t the NYT practicing affirmative action? Appoint Jessie Jackson or Al Sharpton as publisher or at least on the board of directors.  Practice what you preach, affirmative action where it counts.

“We are delighted that these two exceptional individuals have agreed to be nominees for election by our shareholders,” the company’s chairman, Arthur Sulzberger Jr., said in a press release sday announcing the news. “The skills, expertise and leadership qualities of these two nominees will greatly benefit our Company during this time of tremendous change in the media world.”
One new director,  Dawn Lepore, served as a director of Wal-Mart from 2001 to 2004. While Ms. Lepore was serving as a Wal-Mart director, along side Hillary Clinton, the Times was denouncing Wal-Mart for a series of supposed sins.  The other  director is from “Big Oil.” Google it if you don’t believe me.

 The Washington Post created a media group and a high paying job for family member Katharine Weymouth, part of the Graham family. Weymouth is the niece of CEO Donald Graham.

A new generation of the Graham family  is taking a lead role. Katharine Weymouth, niece of chairman and CEO Donald Graham, has been appointed CEO of Washington Post Media, a new unit that includes the paper and Washingtonpost.Newsweek Interactive. This should bring the business sides closer together, perhaps even integrating them, but the newsrooms will remain distinct.

She also becomes the fifth member of the Graham family to serve as publisher, returning the family to that post as she succeeds Boisfeuillet Jones, Jr.; he is now vice chairman of the company and chairman of the Washington Post (NYSE: WPO).

The Washington Post is actually getting some heat for its elite liberal act.

Washington Post Metro reporter Robert Pierre  said it’s “unconscionable” that the paper would devote a year and 12 chapters to the murder of a white woman — Chandra Levy — when around 200 people per year are murdered in DC — most of them black males. “I personally hope that people march on the paper and throw the papers back,” he says. “It is absolutely absurd and dare I say, racist, at its core.”

Major national poll finds 70% of U.S. believe newspaper journalists are out of touch with reality — Newspapers are now the last source of news at only 10%

Mick Gregory

Nearly 70 percent of Americans believe traditional journalism is out of touch, and nearly half are turning to the Internet to get their news, according to a new survey.

While most adults think all forms of journalism are important to the quality of life, 64 percent are dissatisfied with the quality of journalism in their communities, a “We Media/Zogby Interactive” online poll showed.

Nearly half of the 1,979 adults who took the survey said their primary source of news and information is the Internet, up from 40 percent just a year ago. Less than 1/3 watch television to get their news, while 11 percent listen to radio and 10 percent read newspapers.

Newspapers are now at the bottom of the heap. What is the NYT trading at today? Next…

The New York Times Co.’s continued struggles with declining advertising revenue, circutlation, unehtical yellow journalism smear tactics and the bling support for the old guard, the Clinton machine, prompted Standard and Poor’s to caution Friday that it is inching closer to cutting the company’s debt ratings. That is a rare and serious threat.

The office at Standard & Poor’s said it placed all of the New York Times’ ratings, including its key long-term corporate credit rating, on CreditWatch with negative implications. In plain English, that means the rating agency is leaning heavily toward a downgrade unless current financial trends at the company improve.

Why the drop? A dissident investor stepped up pressure on The New York Times Co. Friday, formally proposing its own slate of four directors and saying the company needs to take more drastic action to compete online.
Harbinger Capital, an investment firm that now owns about 19 percent of the company, filed its own proxy statement with the Securities and Exchange Commission listing its nominees for directors to be elected at the Times’ annual meeting April 22.

The Times has already filed its own full slate of director nominees, but has said it was still considering whether to accept Harbinger’s candidates.

Times spokeswoman Catherine Mathis said the company’s board was interviewing the Harbinger nominees. She declined to comment further on their proxy filing.

The looming proxy battle comes as the Times and other U.S. newspapers are facing huge challenges in adapting to the steady migration of readers and advertising dollars to the Internet. An economic slowdown coupled with a deep slump in the housing market is worsening the situation.

Earlier Friday, the Times reported that its newspaper advertising fell 11.4 percent in January, with a 22.6 percent dropoff in classified advertising, a once cash cow business for newspapers that is vulnerable to competition from online rivals like Craigslist, eBay and Yahoo.

The New York Times is hedging its future. They are big investors in WordPress.com.

Another Major Newspaper Shuttered — The Cincinnati Post

Yesterday was the final press run of the Cincinnati Post. Turn out the lights, the Post is over. Note that even the paper’s “obituary” was written by a freelance journalist, not one of the staff. Telling isn’t it? The full-time Post writers didn’t even care enough to write it.

By Lew Moores
Post contributor

The history of The Cincinnati Post and Kentucky Post in the last four decades has been something of an exquisite paradox – an afternoon newspaper that had managed to attract incredible talent and practice a scrappy brand of journalism over those years while staring inexorably into the face of declining revenues and, ultimately, business failure.

What had been thought to be inevitable – certainly in the past decade or so – becomes indisputable today as The Post will cease publication.

A consensus emerges among more than a few Post alumni – even in the last 30 years as it functioned under a Joint Operating Agreement with the Cincinnati Enquirer, The Post was a joyride filled with effervescent memories.

Many Post alumni have also found their way into careers outside journalism, contributing to the community in other ways.

The Post was where Ken Bunting, now associate publisher of the Seattle Post-Intelligencer, practiced his incomparable brand of shoe-leather journalism. It was where Bob Mong, executive editor of the Dallas Morning News, was allowed to pursue hard-hitting, in-depth reporting. It was where Mike Blackman, who went on to become editor of the Fort Worth Star-Telegram, and Polk Laffoon IV, who went on to a remarkable career with Knight Ridder newspapers, both set the standards here in the ’70s for literary journalism.

It was where Michael Kelly cut his journalistic teeth in the early 1980s before moving on to the Baltimore Sun to the New York Times to the New Yorker to the New Republic to Atlantic Monthly. His was a meteoric career before it ended tragically in April 2003 when he was killed covering the early stages of the war in Iraq.

“The Post spawned a whole bunch of really interesting talent that left Cincinnati richer for the journalism they practiced,” recalls William R. Burleigh, chairman of the E.W. Scripps Co., parent company of The Post, and Post editor-in-chief from 1977 to 1983. “I think it was because The Post was always the underdog, and as a result was able to be not quite as conventional as the other paper in town and could afford some risks.”

The Post will also leave a legacy of service to the community in the many people who worked there who have gone on to serve in other community roles. Judy Clabes, for example, is president and CEO of the Scripps Howard Foundation, the philanthropic arm of E.W. Scripps, in addition to serving in a variety of other community roles. She was editor-in-chief of the Kentucky Post for 13 years, 1983 to 1996.

“My philosophy was we had to be connected to the community,” says Clabes. “I think we accomplished that. The staff was really connected to the community.”

Proof of that is former staffers who moved on and yet remained in the area and state. Jay Fossett, city manager of Covington since 2005, worked as a reporter and in an editing role on the sports desk at The Kentucky Post from 1981 to 1985.

J. Patrick Moynahan is a vice provost at Northern Kentucky University who worked at the Kentucky Post from 1984 to 1991, serving as city editor and assistant managing editor.

Mike Farrell, who worked at The Kentucky Post for 20 years as a reporter and managing editor, is the director of the Scripps Howard First Amendment Center at the University of Kentucky, where he teaches journalism.

Mark Neikirk, former reporter, city editor and managing editor, is now executive director of the Scripps Howard Center for Civic Engagement and Nonprofit Development at Northern Kentucky University.

Paul Knue, who had one of the longest tenures at both the Cincinnati and Kentucky Post among editors-in-chief, grew up in Lawrenceburg, Ind., reading The Post. He worked in Cincinnati from 1970 to 1975 as a copy editor and Weekender editor, left for Evansville, Ind., for another Scripps paper, returned as Kentucky Post editor in 1979, became Cincinnati Post editor in1983 and retired in 2001.

“We may be behind the eight-ball, but that doesn’t mean we can’t be pound for pound as good a newspaper as anybody else,” said Knue of his first years as editor here, with the JOA already in place. “We aimed for a culture that says we’re gonna work our asses off, we’re gonna kick butt, we’re gonna work harder.”

Cuts at the profitable Houston Chronicle — the most financially successful newspaper in the country starting to feel the pressure.

Mick Gregory

Hearst’s Houston Chronicle is the flagship of the media empire, supporting the poorly managed, San Francisco Chronicle which is losing a million dollars a week.

It’s Houston’s mega newspaper where Sunday papers still weigh about 5 pounds.

This info is from a citizen jounalist with the nick name Banjo.Jones.  

We’ve received more information regarding the 5 percent personnel cutbacks at the Houston Chronicle, the only daily newspaper in the country’s fourth largest city.

Newspapers continue the downward flush. The only ‘floater’ to pop back up is Gannett–because of the sale of poor performing newspapers

The downturn in the newspaper industry is getting worse. Come to think of it, why would it spring back? They are still run by the PC editorial elite, not managers. Except for News Corp. and Gannett, which are run by real executives.

Here are some stats collected by the Wall Street Journal on the eve of their premium buyout by News Corp.

Last fall, newspaper executives and analysts were caught by surprise by the severity of a slump that took hold last summer. Since the beginning of this year, the rate of decline in advertising revenue has accelerated. Total print and online ad revenue was down 4.8% to $10.6 billion in the first quarter from a year earlier, according to the Newspaper Association of America, compared with its full-year decline in 2006 of 0.3%. Actually they should be unscrewing the Cooks sparkling wine for that.

• The Bad News: The rate of decline in newspaper advertising revenue has accelerated since the beginning of the year.
• The Background: Competition from the Internet and other media has transformed the market. In addition, real-estate classifieds have plunged along with the property market.
• What’s Next: The decline, which has sent newspaper stocks into a clockwise spin down the toilet, has prompted restructuring and consolidation, and has affected Dow Jones’s talks with News Corp. and the auction of Tribune Co.
Publishers have reported sharply lower ad revenue for April and May. The depth of the downturn is expected to become clearer as many companies report second-quarter earnings in coming days. Gannett Co. plans to report later today, and Dow Jones, publisher of The Wall Street Journal, and McClatchy Co. tomorrow.

In the first quarter, revenue for every major ad category — classified, national and retail advertising — was down. The sharpest declines were for classifieds, where spending dropped 13.2% — not so much a result of competition from the Web as of economic woes affecting certain categories of advertisers. Real-estate classifieds, until recently a bright spot for the industry, have plunged along with the property market. Auto and employment classifieds are also sinking. Financial-news outlets such as the Journal are being hurt by a slump in technology advertising.

“Right now, you’ve got a perfect storm,” says Edward Atorino, an analyst with financial broker Benchmark Co. He predicts total ad revenue will fall 4.3% this year. The decline will be one of the steepest in history. See what I mean, a .3% drop will be looked at with fond memories.

Yet, the editorial executives continue to court Democrats, and denounce American corporations and have no clue how to manage a sandwich shop, let alone an expensive newspaper.

Oops there go 86 more Gannett employees, kerplop!

Mick Gregory

The Honolulu Advertiser, the biggest newspaper on The Islands and the most honest masthead in the U.S., is offering “enhanced” retirement packages to 86 workers in an effort to reduce its staffing. The Gannett Co. has been cutting staff everywhere below the radar. But when the numbers approach triple digits at one paper, it gets noticed.

In a letter to employees Thursday, publisher Mike Fisch said the company wants to reduce its workforce “to adjust our operating plans to meet the new market realities.”

Fisch said the company is asking employees 55 and older with up to 20 years of service to consider the retirement offer, which is being made to both union members and non-members.

This smells of targeting older employees. Age discrimination anyone? Is there a lawyer in the building?

He did not specify the details of what he described as an “attractive benefits package.”

It’s something like, if you don’t take this, you aren’t going to like it here, why can’t you take a hint?

“We’ve also seen a softening of the Hawaii economy over the past eight months and we believe it is prudent to adjust our staffing as we have other expense elements to provide is the flexibility we need to operate our business successfully,” Fisch said in the letter.

Fisch said no department will be “significantly impacted” by the workforce reduction, which he described as voluntary. Voluntary is an important word; if it weren’t the layed off could come back and say they signed the “payoff” under pressure.

Do you know the way to the San Jose unemployment office? Mercury News to cut newsroom by 40 more.

Mick Gregory

The Mercury News announced Tuesday with a press release that it will reduce its newsroom staff by 40 positions through layoffs that will take place in the coming weeks. The layoffs will leave the paper with 200 newsroom positions, down from a peak of 400, seven years ago.

The cuts are in response to declining advertising revenues, said Executive Editor Carole Leigh Hutton.
“Revenue is not growing in the Mercury News,” Hutton told the staff at a meeting Tuesday to announce the layoffs. “We have to offset some of that revenue loss with cost cuts.”

I say it’s more complicated. It seems the paper is not much different with 200 fewer reporters on the payroll. Most of the column inches are the same wire stories that every daily runs.

Readers are turning to blogs to get the news that newspapers feel is not fit to print. Instead, more on “global warming galas” attended by Democrat politicians. No coverage of Nancy Pelosi’s wealth and non-union labor.

Nothing on DiFi’s military funding conflicts of interest.
There are many good reasons to stop reading the Merky News.

Since 2000, the newspaper’s revenues have declined 36 percent. This will be the third news-staff reduction in 18 months at the Mercury News, which gave buyouts to 52 staff members in November 2005 and laid off 15 in December 2006.
“We have to look to the future and figure out how we are going to transform ourselves to a new platform,” said Newspaper Guild local President Sylvia Ulloa. “If we’re smart, we’re going to invest in our people, we’re not going to cut them. That’s where the future lies.”

The announcement comes as the San Francisco Chronicle eliminates 100 newsroom jobs, a reduction forced by losses estimated to be running approximately $1 million a week.

The Mercury News is part of a Bay Area-wide group that has more than 800 newsroom employees at 16 newspapers. Watch that number to be cut to 400 in the coming months.

Meanwhile, Gannett, which runs the tightest ship, though it too is taking in water, has dropped it PC plan of hiring three summer interns from Black colleges.

You never read about the dozens of long-time employees let go from their vast newspaper empire, it’s averaging about 10 a month lately; but when when three interns of color are dropped, now that makes news.

Gannett was forced to make “quick and drastic” budget cuts that left three interns without summer jobs at a Montgomery, Ala. newspaper.

“I would not have done this if I had any other choice,” [Wanda] Lloyd, editor of the Montgomery Advertiser, told Richard Prince’s Journal-isms.
According to Prince, the decision came after the Black College Wire interns had already made preparations to go to Alabama, including taking urine tests. Lloyd said that after a recent meeting of Gannett publishers, she was told by her publisher, Scott Brown, that the newspaper would be asked to take a look at possible cuts for the rest of 2007.