Sunday, June 06, 2010

Now Wall St Corps Buy Newspapers....

We'd damned well better pay some attention here. An LA Times article in their Business section this morning...June 6th...reports that some big outfits on Wall Street are about to purchase our newspapers!!! They're talking consolidation of say, the LA Times with the Orange County Register.

Well, a corporation named Platinum has already purchased the San Diego Union-Tribune and as a San Diego person, I can tell you that the paper is a disaster. Even Platinum has come to realize that since any number of subscribers have concelled their subscriptions.

Wrap...

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