Here's something you might be interested in.
Union-Tribune management today (Nov. 10) posted a notice on the bulletin board that President Gene Bell will hold a question and answer session with employees Nov. 18 from 12:30 to 1:30 p.m. Employees wanting to attend must sign up with Human Resources; questions may be submitted in advance or at the meeting. The notice obviously generated buyout rumors -- after all, what else would employees ask questions about? One tale is that there is a buyer lined up; managers will meet this Thursday and employees on Friday, at which time the buyer's name will be revealed. But this is strictly latrine rumor that arose naturally from the official posting of a Q and A session. Several factors inhibit the prospect of any sale; 1. There is almost no market for metro dailies; 2. Those who might covet the U-T are overleveraged and in danger of default; 3. It's doubtful that financing will be available. Hal Fuson, the parent company's chief operating officer (superior to Bell on the totem pole), declines to comment on any potential sale of the company. Copley Press put itself up for sale last summer.
Union-Tribune management today (Nov. 10) posted a notice on the bulletin board that President Gene Bell will hold a question and answer session with employees Nov. 18 from 12:30 to 1:30 p.m. Employees wanting to attend must sign up with Human Resources; questions may be submitted in advance or at the meeting. The notice obviously generated buyout rumors -- after all, what else would employees ask questions about? One tale is that there is a buyer lined up; managers will meet this Thursday and employees on Friday, at which time the buyer's name will be revealed. But this is strictly latrine rumor that arose naturally from the official posting of a Q and A session. Several factors inhibit the prospect of any sale; 1. There is almost no market for metro dailies; 2. Those who might covet the U-T are overleveraged and in danger of default; 3. It's doubtful that financing will be available. Hal Fuson, the parent company's chief operating officer (superior to Bell on the totem pole), declines to comment on any potential sale of the company. Copley Press put itself up for sale last summer.