So is McClatchy about to drop the hammer?

Holy shit does that suck. Sturbin is a good man, always full of stories. Dammit.

 

i don't know the whole financial situation, but wasn't it the CEOs and execs who got McClatchy into these dire financial straights by taking on a whole bunch of debt to buy K-R? Shouldn't there be accountability somewhere for that? That was a pretty fatal business move looking back at it...

 

Did McClatchy at least let the people they let go clean out their desks?

Unlike another publishing firm (I think Paxton) that dropped the ax while people were at lunch, then stationed guards at the door to not let people back in.

 

damn, hate that for Sturbin.

 

Yep.

 

Sometimes I hate being right, Sam.

And as FuturaBold notes, the suits are the ones who actually have screwed up -- at least the death spiral has taken place on their watch and they have failed to come up with any real strategies for growth. Nothing happens to (most of) them, neither job loss nor pay cuts. Meanwhile, the journalists have either done their jobs satisfactorily or, in some cases, superbly, yet they pay the ultimate price for what is going on in our industry.

Owners, publishers and other management deserve whatever sized splat they make as this ends badly.

 

Not the suits' fault. McClatchy bought K-R assuming that all was sweetness and light in our fair country ... no war in Iraq, no crooked administration, no growing national debt, legit business practices (see Enron, etc.)
It's not their fault that when everything went down the sewer, they _ um, correction, their employees _ would be left holding a bag full of debt.
Fuck every last one of them up the ass with a splintered ax handle coated with rubbing alcohol.

 

Apparently that KC Star reporter on his way out is Howard Richman, the paper's K-State beat writer. Richman's been there for some time, and, in my opinion, is pretty good.
There may be one more sports guy out, but I don't know who that person is.

 

Dude, I was eating.

 

Is there a newspaper chain that is in GOOD shape right now?

 

Only the ones that cover towns where there's no internet, no housing crisis and no skyrocketing fuel costs.

I hear they're doing great.

 

So it's Bush's fault?