In Gary, it’s inspirational. “Can a newspaper work as an ESOP?” asks a FAQ on the new Web sitebuytheposttribune.com, then answers, “Yes it can,” and points to the Blethen ESOP as evidence.
employees behind an ESOP bid, the guild reminds them they have nothing
to lose. “How much worse can it get?” Grimm asks. He tells me the
working assumption is that sometime this fall “we’ll have a new owner
and the company [the Sun-Times Media Group] will cease to exist—that’s
what we’re told. And that new owner will come in and things will change
around here. Whatever we can do to have a say in who that owner is, or
to have that owner be us, we’re going to do it.”