Publishing + Baseball = Bankruptcy and No Value Added
Here is an interesting article...
Tribune Considering Filing for Bankruptcy Protection, WSJ Says
A couple of things come to mind:
1) How many jobs have been shed by this member of the "mainstream media"? It's easy to pick on manufacturing, but this article fails to report on how "Big Media" is crushing the American dream...sorry for the sarcasm.
2) I'm failing to see how ownership of a Major League Baseball team taps into the core competency of a publishing company, or vice versa for that matter. Disclaimer: I don't have an MBA from Harvard.
3) The current credit crisis is preventing auto finance companies to lend. It is also preventing advertising revenue from filling this publisher's coffers. Why not bail them out?