Journalism News, JTM News

Minneapolis Star-Tribune files Chapter 11

Submitted by Steve Hanson on Sat, 01/17/2009 – 8:54am

The Minneapolis Star-Tribune has filed for Chapter 11 protection amid some controversy with the Newspaper Guild members, who were not notified of the impending bankruptcy filiing.  Reporters have apparently had difficulty cashing payroll checks, and have had their company credit cards stop working.

Journalism News, JTM News

Pew Reports Internet News Now More Popular Than Print

Submitted by Steve Hanson on Sat, 12/27/2008 – 8:55am

The yearly survey from the Pew Research Center for the People and the Press reports that for the first time, more people rely on the Internet (40%) as their primary news source than newspapers (35%).

Currently, 40% say they get most of their news about national and
international issues from the internet, up from just 24% in September
2007. For the first time in a Pew survey, more people say they rely
mostly on the internet for news than cite newspapers (35%). Television
continues to be cited most frequently as a main source for national and
international news, at 70%.

Journalism News, JTM News

Tribune Co. Files for Bankruptcy

Submitted by Steve Hanson on Mon, 12/08/2008 – 1:02pm

The Tribune Company filed for bankruptcy protection
in a federal court in Delaware on Monday
, as the owner of The Los
Angeles Times, The Chicago Tribune and the Chicago Cubs baseball team
struggled to cope with rising debt and falling ad revenue.

Tribune, which was acquired last year by billionaire real estate investor Samuel Zell, had hired bankruptcy advisers like Lazard and the law firmSidley Austin in recent weeks as it negotiated with creditors over debt covenants. (Read the bankruptcy petition here.)