The Wall Street Journal is reporting that the Tribune Co. may be filing as soon as this week. Tribune has confirmed that it has hired bankruptcy lawyers.
Faced with $13 billion in debt and declining ad revenue, the company (which owns The Sun, The Chicago Tribune and The Los Angeles Times) is trying to negotiate new terms with its creditors and has hired advisers for a possible bankruptcy filing, according to the New York Times. It’s one more reminder for beleaguered Sun employees that their out-of-town paymasters are on thin ice. As if they need one. A dozen Newspaper Guild members at the Sun voluntarily left and another three were laid off last month, a Sun union official said last week. Half of those “voluntary separations,” were from the newsroom, a Guild rep told The Baltimore Business Journal.
May 16, 2012
Delaporte, Stokes call for city audits on Steiner Show
The idea of pushing Mayor Stephanie Rawlings-Blake to regularly audit the books of Baltimore city departments got a (literal) airing yesterday on the Marc Steiner Show, as former city Recreation and Parks Department Director Chris Delaporte and three City Councilmen came on the program to discuss it. (Podcast here.) Listeners calling in provided perhaps the [...]
-
BOE awards Grand Prix contract to Race On
As expected, the Board of Estimates this morning approved Race On LLC as the latest organizer of the Baltimore Grand Prix. The agreement gives the newly-formed company, headed by James “J.P.” Grant and Gregory K. O’Neill, the right to conduct an annual Indy Car and/or American Le Mans Series event on downtown streets over the [...]
-
May 15, 2012
May 10, 2012
Below the Fold
Salute to Citizen Journalists!
Yesterday, when Baltimore web developer and Ignite Baltimore co-founder Mike Subelsky tweeted that he was about to witness Nik Wallenda’s tightrope walk across the Inner Harbor, my ears perked up. Pix to come, Subelsky promised. Oooh, send them along I said! Recognizing his citizen journalist moment, Subelsky kindly agreed and sent along some great photos. [...]
Baltimore Brew is a moderated site that encourages the free and open exchange of ideas in a climate of mutual respect. We reserve the right - but do not assume any obligation - to delete or withhold the publication of comments that violate our standards. Comments that are obscene, libelous or defamatory, or include vicious personal attacks will not be published. Racist remarks, sexist remarks, disgusting stuff, blatant commercial self-promotion – you get the idea – if it crosses our line, we’re not going to run it.