The Legacy Media’s Lost Horizon
There were no less than 4 articles on today’s Drudge Report about newspapers going through tough times. That was the subject of my show on BlogTalkRadio.
Listen to today’s show.
In the ‘new’ news, the New York Times is looking to mortgage their mid-Manhattan digs for an estimated $225 million. The Tribune company is mulling bankruptcy – like sometime this week! And to top it off, the Miami Herald is for sale.
On today’s show, I commented that the real value to the eventual buyer of the Miami Herald, is their waterfront property. Let me get this straight – you buy real estate and they throw in a major newspaper?? How the once-mighty have fallen.
A note to the remaining Legacy Media: serve your readers or they might buy you at the bankruptcy sale.
Hey, conservative billionaires, wanna buy a newspapeer? – MichelleMalkin.com
Times Co. to borrow against building – IHT.com
Tribune Co., in debt, could be flirting with bankruptcy – IHT.com
Tribune Co. hires bankruptcy advisers – Chicago Tribune
McClatchy puts Miami Herald up for sale – HeraldTribune.com
