Monday, April 09, 2007

Mutter on why NYT may have to go private

If you want the straight dope on the business end of media, Alan Mutter's Reflections of a Newsosaur blog is one place you have to stop regularly.

First, I recommend to you his latest post on why the New York Times may have to go private, even though it is likely to balloon the company's debt load. As Mutter notes: The more properties the company sells, the more it could reduce its debt and the less it would be forced to cut operating expenses at the New York Times. Thus, the future of the crown jewel of American journalism may well depend on how many other jewels the family is willing to sell.

Earlier he did a thorough job of dissecting the Tribune deal and the employee stock ownership plan to be created.

While you're at it, add Bob Garfield's Chaos Scenario 2.0 to your reading. Hey, you've gotta feel superior to the ad folks at some point, right. Yeah, right ...

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