December 7 - December 13, 2008
Friday, Dec. 12
Print editions of the Detroit News and Free Press will be available only on newsstands four days a week. $MTEntryExcerpt$>
That would be Bernie Madoff, who has been charged in connection with a decades-long Ponzi scheme. $MTEntryExcerpt$>
The L.A. billionaire/philanthropist (and Michigan native) says the answer is not a bailout but a restructuring. $MTEntryExcerpt$>
November saw 2,145 consumer and business filings, which is a 79 percent increase from a year earlier. $MTEntryExcerpt$>
TARP may come to the car companies' rescue, Mervyns' space being filled, gas keeps falling, and Bratz maker appeals. $MTEntryExcerpt$>
Thursday, Dec. 11
The 86-year-old toy retailer has filed for bankruptcy and plans to close its stores in the next few weeks. $MTEntryExcerpt$>
The next question is whether the White House will consider some sort of emergency measure to prevent a bankruptcy filing. $MTEntryExcerpt$>
On average, economists surveyed by the WSJ expect the recession to be over in June 2009.
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One in every 296 L.A. County households was in foreclosure last month, a 69 percent increase from a year earlier. $MTEntryExcerpt$>
Wall Street watching car bailout bill, November foreclosures up 6%, SAG vote set for January, and Arena football in trouble. $MTEntryExcerpt$>
The Anderson Forecast sees the beginnings of a recovery in the fourth quarter of 2009 - except you might not feel much relief.
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Wednesday, Dec. 10
The Tribune CEO tells CNBC that the Chapter 11 filing gives the company time "to really focus on what I call broader issues."
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A Delaware bankruptcy court approved interim bankruptcy financing so the company can pay its employees and vendors. $MTEntryExcerpt$>
For lenders, whether it’s a bank or the federal government, the process is like doubling down on a shaky bet. $MTEntryExcerpt$>
November shipments at the Port of L.A. were off 10.4 percent, yet another monthly decline in what's turned out to be an awful year. $MTEntryExcerpt$>
Retirement benefits are largely unaffected by Tribune's Chapter 11 filing, though it's not known how much is left in the pension plans. $MTEntryExcerpt$>
Forecaster sees some hope in 2009, DirecTV holding up, cost-cutting at Port of L.A., and no more "perfect storm" excuses. $MTEntryExcerpt$>
Tuesday, Dec. 9
Almost 40 percent of California mergers and acquisition crowd expect the buyout climate to be worse in six months than it is now. $MTEntryExcerpt$>
Would you believe gas at $1 a gallon? We're not there yet, but some forecasters consider it a possibility. $MTEntryExcerpt$>
Monday, Dec. 8
The Tribune CEO told the WSJ that he expects to keep the company intact, but would consider selling assets at the right price. $MTEntryExcerpt$>
Looks like NBC has figured out a way of holding onto Jay while still bringing in Conan O'Brien at 11:30. $MTEntryExcerpt$>
Michael Kinsley, former editorial page editor of the LAT and regular contributor to Time magazine, will be in conversation with... $MTEntryExcerpt$>
The former Times Mirror CEO is among the 30 largest unsecured creditors in the Tribune bankruptcy filing.
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The employee stock-ownership plan holds 100 percent of the company's common equity. So happens to folks in that plan?
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In a memo to company employees, the Tribune CEO spins the bankruptcy filing as a positive move. $MTEntryExcerpt$>
The parent company of the LAT and KTLA has nearly $13 billion in debt and $7.6 billion in assets, according to a court filing. $MTEntryExcerpt$>
The LAT reports that Tribune wants to restructure payments to banks and other creditors. Directors approved the filing this morning.... $MTEntryExcerpt$>
Grim ad forecasts for 2009, big layoffs at Yahoo, Christie Hefner steps down, and SAG Town Hall meeting tonight. $MTEntryExcerpt$>
Sunday, Dec. 7
WSJ reports that a filing could come as soon as this week. No word on what might be behind the move. $MTEntryExcerpt$>
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