Wall Street Journal
The Tribune auction shows that newspaper publishers can't sell their way out of their current woes, says
Sarah Ellison. But Ariel Capital Managment CEO
John Rogers says the market's fear of newspaper companies is a result of "group think." "We may be looking back on things in the long term and say that this was the bottom of the cycle," he says. Ellison says if the Trib auction ends as many expect, the company "will have to self-inflict the kinds of harsh changes that normally come from an outside buyer. That will mean even steeper cost cutting and asset sales." ||
Washington Post: Frank Ahrens on the Chandlers and Tribune.
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Local cross-ownership ban poses obstacle to Tribune auction (LAT)
