Hoopleheads

Fucking Hearst. Al Swearingen should have let Dan take care of him:

“Because of the sea change newspapers everywhere are undergoing and
these dire economic times, it is essential that our management and the
local union leadership work together to implement the changes necessary
to bring the cost of producing The Chronicle into line with available
revenue,” Frank A. Bennack Jr., Hearst vice chairman and chief
executive, and Steven R. Swartz, president of Hearst Newspapers, said
in a joint statement.

Hearst purchased The Chronicle in 2000, but soon afterward felt the
impact of an economic downturn in the dot-com sector as well as the
loss of classified advertising to Craigslist and other online sites.
The problems have been exacerbated by the current recession.

For those who don’t get the joke:


A.

3 thoughts on “Hoopleheads

  1. A, I am so glad you’ve been reporting on this. Otherwise I might take the media statements at face value as opposed to reading it as measures to guarantee a 20% rate of return.
    How many folks wish that just their retirement fund had at least even a 10% rate of return these past few years.
    I would be ecstatic if I hadn’t lost more than 10%.

  2. In the SF Chron’s case, they’ve never turned a profit, so their panic is genuine, but the story makes it clear that these problems were a long time coming and the only answer they’ve ever had for them is to cut and cut and cut.
    When you’re on the ropes, you don’t defend. You ATTACK.
    A.

  3. You had to go and remind me of a character I heart SO MUCH who isn’t on TV any longer because of HBO’s wankery. Yes, Hung Dai, Mr. Wu. Hung FUCKING Dai.

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