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The Asylum

Welcome to the Asylum. This is a site devoted to politics and current events in America, and around the globe. The THREE lunatics posting here are unabashed conservatives that go after the liberal lies and deceit prevalent in the debate of the day. We'd like to add that the views expressed here do not reflect the views of other inmates, nor were any inmates harmed in the creation of this site.

Location: Mesa, Arizona, United States

Who are we? We're a married couple who has a passion for politics and current events. That's what this site is about. If you read us, you know what we stand for.

Thursday, January 19, 2006

And The Beatings Continue For The LA Times

Thursdays will likely end up being our best day for posting, and a day we devote to Hugh Hewitt, his guests, the topics, and the hillarity. In honor of the "Jack Bauer of the Blogosphere", we offer this closing post for the day.
(HT: Michelle Malkin)

Shares in Tribune Co. tumbled Thursday after the media company reported a 6.1% drop in revenue last month on declines in both its newspaper and television businesses.

Tribune, whose holdings include 26 television stations, 11 urban U.S. dailies and Spanish-language Hoy, said December revenue fell to $539 million from $574 million a year earlier.

Can the Tribune Company say "ow!"

The company's stock fell $1.01, or 3.2%, to $30.80 in afternoon trading on the New York Stock Exchange. Tribune shares sank 28% in 2005.

Revenue from the publishing unit, consisting of its newspapers, dipped 4.2% to $413 million from $431 million in December 2004. The company said about $6 million of that $18 million drop was due to the timing of Christmas on Sunday and the aftermath of Hurricane Wilma in Florida.

Advertising revenue in the publishing division fell 4.5%to $333 million, down from $349 million. The decline included a 5.2% decrease in retail ad revenue and a 9.6% decline in national ad revenue, mainly at the Los Angeles Times.

I beg to differ on their excuse for the drop. I doubt that Christmas or a hurricane had much to do with it. I believe it was more along the lines of the apparent liberal slant of the paper, and the general cluelessness there. Only the LA Times chose to run an April Fool's Joke on the front page. For that matter, only the LA Times would make an April Fool's Joke their "blogger." Talk about a rebel without a clue.

Here's the long term outlook for the Tribune company. It's about as pretty as a blind date with Ted Kennedy, and he's driving.

Patterico of Patterico's Pontifications has that and this which shows this isn't just a slow down, or an act of nature, as the Tribune's owners would have people believe. This has been consistent, and it's not going to get any better. The Times needs to make some drastic changes, and quickly before their ship sinks. Of course, being on the port-side of most issues doesn't help.

And this is just one more example of what happens when people are handed a choice between slanted, uneducated, biased news, and the New Media which would prefer to get the story right, and deliver it to the public in a fair and unbiased perspective. (Yeah, the commentary might be slanted, but the reporting--the delivering of the story--is unbiased. Facts first, opinions second.)

Publius II


Anonymous Anonymous said...

I don't feel sorry for the LA Times. It seems to me that the LA Times reflects Hollyweird and it is their biggest fan. They have an Orange County edition that competes with the Orange County Register that is Libertarian. Rawriter

1:57 AM  

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