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The chairman of Tribune Co., Dennis J. FitzSimons, sent a four-page letter to 20 prominent Los Angeles business people who had backed the Los Angeles Times’s stance last week against further newsroom cutbacks.
FitzSimons’s own stance was that the Chicago-based media company has made substantial improvements at the paper in the six years since it took ownership and would continue to invest in the paper’s future, writes the Los Angeles Times. He pointed out Tribune’s investment of $250 million in capital projects, and also noted that the 13 Pulitzer Prizes won by The Times since the Tribune takeover were more than the company won in the previous 10 years under Times Mirror Co., the paper’s former parent company.
Some executives at The Times noted that the editor who was responsible for many of the awards left the paper in protest over staff cuts.
On Thursday, Tribune directors will attend a board meeting and may be deciding the fate of the company’s 11 newspapers and 26 television stations. The company is facing pressure from its largest shareholder, California-based Chandler family - which sold The Times and other assets to Tribune in 2000 - to break up the company, according to the article.
A top executive at a large newspaper chain, who wished to remain anonymous, has predicted that Los Angeles Times editor Dean Baquet and publisher Jeffrey Johnson will be fired for refusing to comply with parent Tribune Company’s order to cut staff.
Volvo will become the first automaker to offer HD Radio as standard equipment in all but one of its 2009 models. The running change becomes effective next month on the 2009 Volvo model lineup.
“Our drivers expect the highest quality…
The current issue of Cottage Living will be its last. Time Inc., in the midst of a major restructuring, is closing the books on the title.
The magazine had a solid start four years ago and managed to boost circulation…
Samsung Mobile has extended its branding campaign that has seen charging stations being installed at major airports across the country.
115 new charging stations have been installed throughout George Bush Intercontinental Airport in Houston, Miami International Airport, and Washington Dulles…
China Central Television, China’s top TV network, brought in 9.26 billion yuan, or $1.36 billion, during the live auction that is its version of the upfront earlier this week.
That’s a 15% increase in revenue over last year, though the…
Some 20% of top brand marketers continue to send additional emails to consumers, even after they confirm requests from those consumers to “unsubscribe” from an email marketing list, according to a research study from Return Path, MarketingCharts writes.
Though the study,…
An overwhelming majority of mothers in America (90%) saw the economy getting weaker even before the collapse on Wall Street, and more of them now (40%) feel stressed about their current family life than feel good about the way things…
