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07 Jun 2009 22:28

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Biz: Sam Zell may have his exit card out of Tribune: Big banks

  • Sam Zell, a real estate guy who knows very little about the newspaper industry, bought Tribune in 2007 largely using loans and debt. He regrets it. source
  • The company went bankrupt last year, and in the process of radical rethinking, laid off tons of people – both in Chicago and nationwide. source
  • Now, it sounds like Zell might have an out – bankers and investors could forgive his debt in exchange for the company. Wow. That’s … wow. source
Posted by Ernie Smith • 0 Comments • Permalink

08 May 2009 11:13

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U.S.: Take a breather: Unemployment’s up, but slowing down

  • 8.9% the current jobless rate, the highest since 1983 source
Posted by Ernie Smith • 0 Comments • Permalink

22 Apr 2009 14:20

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Biz: The Chicago Tribune axes a ton of people in the newsroom

  • 53 journalists got canned today, a ton, but less than expected source
Posted by Ernie Smith • 0 Comments • Permalink

21 Apr 2009 20:21

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Biz: Yahoo’s employees aren’t saying “Yahooooo!!!” about layoffs

  • 5% of its employees are getting escorted off the premises source
Posted by Ernie Smith • 0 Comments • Permalink

18 Apr 2009 13:26

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Biz: Newsrooms are looking like ghost towns nowadays

  • -5,900 number of newsroom jobs that disappeared in 2008; 46,700 staffers managed to avoid losing their jobs in the process source
Posted by Ernie Smith • 0 Comments • Permalink

09 Apr 2009 10:39

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U.S.: Detroit’s doing so bad, it’s closing down public schools

  • 20 schools in Detroit will be closed, affecting up to 7,500 students source
Posted by Ernie Smith • 0 Comments • Permalink

08 Apr 2009 22:09

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Culture: Fox turns layoffs into a competitive sport with its new show

  • 15-20 number of employees at the tiny companies “Someone’s Gotta Go” will target during each episode of concentrated evil source
Posted by Ernie Smith • 0 Comments • Permalink
 

01 Apr 2009 10:47

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Biz, U.S.: No April Fool’s joke here: Layoffs are still going up.

  • 742,000 private-sector jobs went kaput in March; that’s a record source
Posted by Ernie Smith • 0 Comments • Permalink

21 Mar 2009 21:06

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Biz, Offbeat: Forget the economy – this dude is the worst son ever.

  • 2 number of times Greg Holloway has fired his dad recently source
Posted by Ernie Smith • 0 Comments • Permalink

11 Mar 2009 02:26

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U.S.: Speaking of Detroit, nearby Pontiac has some teacher layoff drama

  • 100% of teachers will be laid off at the end of the year, then rehired (maybe) source
Posted by Ernie Smith • 3 Comments • Permalink
 
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