The Tribune company is filing for Chapter 11. What does this mean?
I don’t claim to know.
Is it the end of the beginning, the beginning of the end or just a quick intermission?
Here’s what my Tweeple (twitter people) have to say in response to my question. What are your thoughts?
- Jessica Estepa (Twitter): The end of the newspapers and the beginning of permanent restructuring of media.
- NoNeck Noel (twitter): aftr last week’s layoff’s my MSNBC buddy
& i whole heartedly agreed that these corps have no clue what’s
next. This is our chance!
- Joey Baker (twitter): It’s proof that the old business model is broken. Zell was the drastic side of Old Medai. Time to retool the newsroom. #trib
- Madison14: I think it is sad and scary but I also think it shows the power of the internet!
- Jackie Alexander (twitter): I’m not an expert or even philosophical on these matters but I like to think it’s the beginning of the beginning.
- Kiyoshi Martinez (twitter): It means they’ve bought a little more time to survive their debt. It’s what happens next that matters.
- Scott Rosenberg (twitter): Just the beginning. Massive corporate realignment/downsizing of newspaper companies still to come. Publicly traded ones first.
- Steve Yelvington: It’s the economy. When your customers go broke, so do you. Empires built on borrowing are particularly susceptible.
- Pelletk: At a friend’s holiday party Sat – works at
Trib – mostly Trib lifers there. All gloom and hating on Zell’s erosion