Newspaper Guild News
-
Shortly after noon on Thursday, Sept. 16, 1920, a powerful bomb hidden in a horse-drawn wagon exploded at the corner of Wall and Broad Streets in Manhattan. It was a pleasant late-summer day, and throngs of people had been out enjoying a lunchtime stroll, a brief respite from the great money machine, the center of American capitalism.
-
The departure of New York Times Co. Chief Executive Officer Janet Robinson last month leaves the company with a leadership vacuum amid falling revenue, profit squeezed by pension costs and pressure from family members to restore a dividend once worth more than $20 million a year.
-
New York Times Co. contacted union leaders about restarting contract negotiations a day after the publisher announced last week the retirement of Chief Executive Officer Janet Robinson, according to the local Newspaper Guild.
-
Philadelphia Newspapers LLC will seek bankruptcy court approval for its reorganization plan while the group buying its Philadelphia Inquirer and Daily News dailies for $139 million continues contract talks with unions.
-
Lenders to Philadelphia Newspapers LLC, the bankrupt owner of the Philadelphia Inquirer, won an auction for control of the publisher against a group led by billionaire Ronald Perelman after almost 30 hours of wrangling.
-
Philadelphia Newspapers LLC agreed to pay union pension funds as much as $1.5 million to clear the last major hurdle to the publisher’s plan to exit bankruptcy under the ownership of its lenders.
-
Nuevo Grupo Aeronautico SA, the holding company for airline Compania Mexicana de Aviacion, was purchased Aug. 21 by a group of Mexican investors and the country’s pilots’ union, according to a member of the investment group and a union leader.
-
Tribune Co. proposed paying managers as much as $59 million in bonuses, including $22 million for top executives of the bankrupt newspaper publisher.
-
Philadelphia Newspapers LLC won bankruptcy court approval to reorganize and sell its Philadelphia Inquirer and Daily News publications to a group of its lenders for $139 million.
|
|
Most Popular on Bloomberg
|
| |