LA Times: Tribune board’s difficult choice. An offer for Tribune Co. by two Los Angeles billionaires would not require significant cuts at the company’s newspapers, contrary to initial criticism of the debt-heavy proposal, people close to the transaction said Thursday.
This is such transparently empty spin that the reporters should be ashamed to have their bylines over it.
Look. Every single news organization sale in the past several years has included assurances from the new management that there would be little or no staff cuts. Each time — without exception, as far as I can tell — precisely the opposite has happened.
Journalists are normally skeptical people. Yet time and again they publish these bogus assurances, whistling past the graveyard.