Daily News Roundup: We Luv Corrupt Politicians

Tuesday, December 9th, 2008

Thanks for the wiretaps! Illinois Governor Rod Blagojevich was arrested Tuesday on charges that he attempted to sell the Senate seat vacated by Barack Obama and illegally withheld assistance for the Tribune Co. until editorial board members from the Chicago Tribune critical of him were fired. The 76-page FBI affidavit is a thing of beauty. It includes Blagojevich and his wife dropping the F-bomb 18 times. For example, Blagojevich says the Senate seat “is a fucking valuable thing, you just don’t give it away for nothing.” The FBI began investigating Blagojevich and his chief of staff, John Harris, in 2003.

Riots continue in Greece … after Tuesday’s funeral for a teenager who was killed by police on Saturday. Protesters marched in Athens, railing against the government, which holds a one-seat majority in parliament. During the worst riots on Monday night, youths tossed concrete slabs and police officers and destroyed storefronts. Gasoline bombs have been the weapons of choice. Tensions are expected to ease on Wednesday, when a general strike is planned.

Rescuers search for fourth victim in plane crash … The pilot of an F/A-18 fighter jet evacuated safely, but at least three people on the ground were killed when the plane crashed into a densely populated neighborhood in San Diego Monday. The three known victims were a son, mother and grandmother from one family. Rescuers are looking for another infant son. The crash destroyed two houses and damaged three others.

Last place calls for desperation … or is it genius? Jay Leno is taking his show to the 10 p.m. time slot for NBC. This means the struggling network, which has been stuck in fourth place in the ratings, will have to produce five fewer hours of original programming each week. Conan O’Brien is taking over Tonight Show duties in June. But Nikki Finke highlights some of the potential problems with the move: 4.8 million viewers isn’t that great for a prime time audience, and will Leno cannibalize O’Brien’s show at 11:30 p.m.?

Don’t have anything nice to say about Bush? Then read this cheat-sheet. The Los Angeles Times reports the White House sent out a two-page memo to Cabinet and other high-ranking officials that highlighted the Bush administration’s accomplishments. It conveniently doesn’t mention the bungling of the Iraq War or the thousands stranded after Hurricane Katrina.

Tribune Co. Bankrupt in the Bank—and in the Soul

Tuesday, December 9th, 2008

The Tribune Company filed for bankruptcy protection on Monday, in a move to begin restructuring its debt. The Tribune Co., owner of the Chicago Tribune, the Los Angeles Times, and various television stations, has $7.6 billion in assets and owes $12.79 billion.

The publisher of the Tribune, Tony Hunter, wrote a letter to the paper’s readers, pledging continued service in the face of adversity. In the letter, he worked to convince readers that the debt restructuring would serve them best.

This restructuring is in Tribune’s best long-term interest. It will reduce pressure on our operating businesses, enabling us to pursue our vision of creating a sustainable, cutting-edge media company valued by our readers, viewers, and advertisers, and that plays a vital role in the communities we serve. In turn, this will help ensure our newspaper and online products continue to deliver the news, information and entertainment you can’t get anywhere else. It’s what you expect and what we’ll continue to deliver.

At the Times, publisher Eddy H. Hartenstein also wrote to assure readers everything would be OK at the Tribune Co.

This restructuring is in Tribune’s best long-term interest. It will reduce pressure on our operating businesses, enabling us to pursue our vision of creating a sustainable, cutting-edge media company that is valued by our readers, viewers and advertisers, and that plays a vital role in the communities we serve. That, in turn, will help keep this website showing up on your computer every day, offering you news, information and entertainment you can’t get anywhere else. It’s what you expect and what we’ll continue to deliver.

That’s right, Hunter and Hartenstein’s letters are essentially the same. I wonder what poor schlub in the Tribune Co.’s legal department had to write it?

Let’s take a moment to remember that the publishers of these papers certainly do not have the interests of their readers at heart. Hunter became publisher of the Tribune in late September; Hartenstein, a month before. The Times publisher’s prior job was with DirecTV.

Sam Zell, the CEO of Tribune, in a letter to staff members, said he was proud of the work everyone at the company had done. “We’ve reduced costs, gained market share, and laid the groundwork for creating a new business model out of traditional media,” he wrote.

There’s no question newspaper companies have to figure out what the “new business model out of tradition media” is. But as Zell writes about Tribune’s “great brands,” he must remember that a brand that is only a shadow of its former self, and is primarily surviving on its name, is hardly a great brand anymore.

Will the Times and Tribune have to cut staff even more in the coming months? Maybe the papers’ publishers need new assistants. After all, those letters to subscribers don’t write themselves. Actually, just one assistant will do.