This blog is mainly about the spectacular train wreck at The Sacramento Bee and its parent company, the McClatchy Company. But I also post about current events, the Iraq and Afghanistan wars, politics, anything else that grabs my attention. Take a look around this blog, hope you enjoy it.
Thursday, May 21, 2009
Thursday May 21 -- Got news or an update?
If you have news or an update, leave it in comments. . . .
McClatchy Co., (MNI 0.63, -0.01, -1.56%) the Sacramento, Calif., media company, said it began an offer to swap certain notes and debentures currently outstanding for a combination of cash and new debt. In an effort to reduce debt and make the company more financially flexible, McClatchy is offering to exchange the currently outstanding securities for as much as $60 million in cash and as much as $175 million of new 15.75% senior notes due 2014.
Christian Science Monitor Robert G. Picard Journalists like to think of their work in moral or even sacred terms. With each new layoff or paper closing, they tell themselves that no business model could adequately compensate the holy work of enriching democratic society, speaking truth to power, and comforting the afflicted. Actually, journalists deserve low pay. Wages are compensation for value creation. And journalists simply that issue, no amount of blogging, twittering, or micropayments is going to solve their failing business models.
Obama makes another gaffe. He is such a dummy, worse than a cowboy, he is a backwards Chicago thug. We had better make fun of him all over the world. It needs to be in every newspaper and on TV news for days. Journos can laugh behind their pink slips. Disrespecting our president has become a national sport, so let’s get to it. Maybe a tee shirt trinket for the newspapers to sell. “ A day without TOTUS is a day of fun with the Obooma gaffe machine.” ----- WASHINGTON (AP) - President Barack Obama sees his secretary of defense just about every day, but he still flubbed Robert Gates' name on Thursday. Gates was in the crowd for Obama's national security speech. Pointing him out, the president said "William Gates" was on hand. Perhaps Obama was thinking of Bill Gates, the Microsoft billionaire
7 comments:
http://www.marketwatch.com/story/mcclatchy-proposes-a-debt-swap?siteid=yhoof2
McClatchy Co., (MNI 0.63, -0.01, -1.56%) the Sacramento, Calif., media company, said it began an offer to swap certain notes and debentures currently outstanding for a combination of cash and new debt. In an effort to reduce debt and make the company more financially flexible, McClatchy is offering to exchange the currently outstanding securities for as much as $60 million in cash and as much as $175 million of new 15.75% senior notes due 2014.
What's next, a trip to the pawn shop?
-Why journalists deserve low pay-
Christian Science Monitor
Robert G. Picard
Journalists like to think of their work in moral or even sacred terms. With each new layoff or paper closing, they tell themselves that no business model could adequately compensate the holy work of enriching democratic society, speaking truth to power, and comforting the afflicted. Actually, journalists deserve low pay. Wages are compensation for value creation. And journalists simply that issue, no amount of blogging, twittering, or micropayments is going to solve their failing business models.
http://www.indyweek.com/gyrobase/Content?oid=oid%3A395170
Obama makes another gaffe. He is such a dummy, worse than a cowboy, he is a backwards Chicago thug. We had better make fun of him all over the world. It needs to be in every newspaper and on TV news for days. Journos can laugh behind their pink slips. Disrespecting our president has become a national sport, so let’s get to it. Maybe a tee shirt trinket for the newspapers to sell.
“ A day without TOTUS is a day of fun with the Obooma gaffe machine.”
-----
WASHINGTON (AP) - President Barack Obama sees his secretary of defense just about every day, but he still flubbed Robert Gates' name on Thursday. Gates was in the crowd for Obama's national security speech. Pointing him out, the president said "William Gates" was on hand. Perhaps Obama was thinking of Bill Gates, the Microsoft billionaire
Allahpundit: “When you’re distracted by the business of governing 57 states, gaffes are bound to happen.”
“Dohbama doesn’t know his Defense Secretary’s name.”
-------
New Obama nickname.
Post a Comment