Tuesday, February 24, 2009

AmeriKa's Newspapers Bankrupt

In BOTH REVENUES and CONTENT!!

That's what happens when you LIE and OBFUSCATE all the time in your agenda-pushing quest, duck farts!

I'm the LAST FRIKKIN' MOHICAN and you are s****ing all over me!!!!!


"Philadelphia newspapers file for Ch. 11" By Associated Press | February 23, 2009

PHILADELPHIA - The owner of The Philadelphia Inquirer and Philadelphia Daily News said it filed for Chapter 11 bankruptcy protection yesterday in an effort to restructure its debt load.

If you think I'm going to have sympathy for the sack-of-shit shoveleres after they have been covering and promoting the looting bailouts, forget it.

Watch, newspapers will be next; hey, they already work for the government, so why not spend good taxpayer dollars bailing out lying, deceiving, agenda-promoting, war-mongering shit rags, too, right?

Philadelphia Newspapers Inc., owned by Philadelphia Media Holdings LLC, is the second newspaper company in two days, and fourth in recent months, to seek bankruptcy protection. The Journal Register Co., which publishes 20 daily newspapers, filed for Chapter 11 protection Saturday....

The company said it will continue the normal operations of its newspapers, magazines, and online businesses during the debt-restructuring process....

Please be better than me and leave it on the rack.

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And it MUST BE SERIOUS, readers, because the CRISIS in NEWSPAPERS gets a SECOND DAY!!

(FYI: Local did an okay job covering last night's girl's results. I did not, however; I purchased a Globe while I was at the rack. Sorry, readers, but truth is I will never lie to you. I will always come clean. Hey, old habits are hard to break. Makes you wonder why the Globe doesn't thank their customer with a better product, although why should they? I'm buying the s*** sheet, so I am the FOOL!)

"Newspaper upheaval seen with filings" by Michael Liedtke and Andrew Vanacore, Associated Press | February 24, 2009

With the four owners of 33 US daily newspapers seeking bankruptcy protection in the past 2 1/2 months, even more upheaval looms for an industry clearly gasping for survival.

That's because of the NEVER-ENDING and UNCEASING LYING, folks!!!!!

Analysts doubt those newspaper companies will be able to emerge from Chapter 11 bankruptcy protection without agreeing to lenders' demands for radical changes, such as switching some of their newspapers exclusively to online delivery.

Oh, readers, WE HAVE WON!! The BLOGS have WON!!!!!!!!!!!!!!

Of course, the newspaper publishers already have been mulling dramatic makeovers, including scrapping their print editions, and it's still not clear whether their creditors can come up with any better ideas.

Yeah, right, this all some sort of plan, uh-huh!!

Here's a BETTER IDEA for you, lying MSM: TELL the TRUTH for a CHANGE!!

Well, NO CHANCE of THAT, so....

But that probably won't discourage exasperated lenders from trying to shake things up.

I'm so sick of buts, ifs, could bes, maybes, stills, in my "newspaper reports," folks. What it translates to is BULLSHIT!!!!!

Newspaper publishers say the filings won't have any immediate effects on their day-to-day operations, and the 33 affected newspapers likely won't close en masse as part of any reorganization.

And THAT is the PROBLEM!!!

Still, the industry's troubles were underscored over the weekend with separate Chapter 11 filings by New Haven (Conn.) Register publisher Journal Register Co. and by the owners of The Philadelphia Inquirer and the Philadelphia Daily News.

They followed a December filing by Tribune Co., whose media stable includes the Los Angeles Times, and the Chicago Tribune, and January's filing by the owners of the Star Tribune in Minneapolis. Other publishers could seek bankruptcy protection as advertising prospects for 2009 remain bleak.

Newspapers across the country have been cutting jobs, trimming widths, and making other cuts to offset reductions in advertising revenue, but for many, those efforts haven't gone far enough to stop the bleeding.

That EXPLAINS the LOCAl, and THAT EXPLAINS the WHOLE INDUSTRY!!

STOP SELLING and PRINTING SHIT LIES -- you know, like about the WEATHER of all things!!!!!!

All four publishers turned to the bankruptcy court for help as their debts became unbearable amid a two-year slump in advertising revenue that has been worsening as the recession stifles spending. The owners of the Philadelphia newspapers, the Minneapolis newspaper, and the Tribune Co. all borrowed heavily to finance buyouts that were completed during the early stages of the advertising downturn.

OOOPS!!! The PAPERS are IN HOCK to BANKS, huh?

Ha-ha-ha-ha-ha-ha-ha!!!!!

HOW DOES IT FEEL, assholes?!!!!!

That makes me WONDER about your ASS-BENDING-OVER for the BANKS in your "business" and "news" pages.

I guess NEWSPAPERS LIKE getting it TUCKED to 'em!!!!!

If those loans didn't have to be repaid, some of the newspapers would be making money.

Ha-ha-ha-ha-ha-ha-ha!!!!!

And THAT ALSO EXPLAINS why the papers are SUCH SHIT NOW!!!!!

"Our debt is out of line with current economic realities," Brian Tierney, the Philadelphia newspapers' publisher and chief executive said in a recording posted online yesterday. Tierney predicted the 180-year-old newspapers will survive the current crisis, suggesting he believes the company will be able to re-negotiate the terms of its loans.

Oh, THEY will get to RENEGOTIATE, huh?

How come I always get on-hold silence and then a click?

"Years from now, people will look back at this time and say, 'You know what, we got through this challenge,' " he said.

HA-HA-HA-HA-HA-HA-HA!!! What DENIAL!!

This is the EPITAPH on YOUR TOMBSTONES, liar!!!!!!

Although the newspapers have been boosting their Internet operations, growth in online ad revenue isn't anywhere near what's needed to offset the reductions in print.

That's because NO ONE LIKES LIES no matter WHERE they are FOUND (which is why YOU and I are HERE, readers).

The bleak outlook for newspapers actually could help keep them alive because lenders may be reluctant to press for a liquidation, knowing the publications are unlikely to fetch much money in a forced sale, said Fitch Ratings analyst Mike Simonton.

Is that ORWELLIAN or what? Yes, DYING will KEEP THEM ALIVE!!!!!!!

He said creditors instead "may choose to remove the management team and put in a new team that's more focused on restructuring costs or more talented at it."

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And look who IS GETTING PAID (even though no one will read her lies, either):

"Rice inks $2.5m three-book deal" by Associated Press | February 23, 2009

NEW YORK - Former secretary of state Condoleezza Rice has agreed to a three-book deal with Crown Publishers, starting with a memoir about her years in the Bush administration....

The deal is worth at least $2.5 million, according to two publishing officials with knowledge of the negotiations....

Eat your hearts out, newspapers.

Although often criticized as unduly loyal to the president and some of his policies, including the Iraq war, she is still regarded among publishers as more likable than Bush, former vice president Dick Cheney, and other administration officials....

That's not saying much at all.

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