The Chicago Tribune company, which also owns the Los Angeles Times,  is on the verge of bankruptcy. In hock to a Lebanese-Mexican billionaire, the New York Times is trying desperately to stay afloat, laying off staff even as it pays its executives exorbitant salaries while mulling the option going behind a pay wall while still employing Frank Rich.

Times, in other words, are tough in the formerly lucrative racket of Joseph Pulitzer, Col. McCormick and William Randolph Hearst:

Now the Philadelphia papers, the Inquirer and the Daily News, are on the brink as well.  They’ve declared bankruptcy and are battling now to stay afloat. Here’s Brian Tierney, CEO of the company that owns them both, discussing their bleak future: (more…)

TIME magazine’s Eric Heinrich offers his readers a Hobson’s Choice concerning the mounting federal debt. You accept hyperinflation, or, you pay a lot more taxes. Your choice, but either way you pay. And that’s just one more piece of evidence that proves that today’s legacy media is replete with economic illiterates.

Heinrich’s article entitled “How High Could the U.S. Tax Rate Go?” appears in the magazine’s March 3, 2010, issue.  Here’s a summary of its 633 words offered in 25: The Obama Administration’s “monster deficit” will either result in hyperinflation – by printing money – or higher taxes. The amount and means of levying higher taxes is the question.

Hiking taxes is the less traumatic course, though it will only be accepted as the cost of inaction rises. “Congress only responds to financial crisis or some other external shock,” says Bill Gale, co-director of the Tax Policy Center in Washington. “Nothing will be done in Obama’s first term to substantially increase tax revenue.”

He doesn’t mention the inevitable event of both happening, since they would. When money is worth less the government has to tax more to just keep even. Duh.

In closing, Eric glances toward Britain: (more…)

In researching my article on “Rubber Room” teachers, who are paid not to teach after being accused of a crime, I came across some information that deserves further discussion. The problem is much worse than the media would have you believe.

The teachers in these programs are the ones who managed to escape prosecution but are considered too great a risk to be allowed to return to teaching. Or else they’re the accused waiting for judgment. Or they’re people the schools can’t get rid of due to tenure deals.

In 2004, Hofstra University professor Dr. Carol Shakeshaft published a report for the United States Department of Education titled “Educator Sexual Misconduct: A Synthesis of Existing Literature.” It was presented to Congress as part of the No Child Left Behind Act. In it, Shakeshaft stated:

As a group, these studies present a wide range of estimates of the percentage of U.S. students subject to sexual misconduct by school staff and vary from 3.7 to 50.3 percent. Because of its carefully drawn sample and survey methodology, the AAUW report that nearly 9.6 percent of students are targets of educator sexual misconduct sometime during their school career presents the most accurate data available at this time. (more…)

From AirAmerica.com:

It is with the greatest regret, on behalf of our Board, that we must announce that Air America Media is ceasing its live programming operations as of this afternoon, and that the Company will file soon under Chapter 7 of the Bankruptcy Code to carry out an orderly winding-down of the business.

The very difficult economic environment has had a significant impact on Air America’s business. This past year has seen a “perfect storm” in the media industry generally. National and local advertising revenues have fallen drastically, causing many media companies nationwide to fold or seek bankruptcy protection. From large to small, recent bankruptcies like Citadel Broadcasting and closures like that of the industry’s long-time trade publication Radio and Records have signaled that these are very difficult and rapidly changing times.

Those companies that remain are facing audience fragmentation as a result of new media technologies, are often saddled with crushing debt, and have generally found it difficult to obtain operating or investment capital from traditional sources of funding. In this climate, our painstaking search for new investors has come close several times right up into this week, but ultimately fell short of success. (more…)

If you’re like me, you’re tired of being lied to.

That’s what got me started in media criticism.  I would read the Los Angeles Times every day and shout at the newspaper’s reporters and editors over my cornflakes.  “This isn’t true and you know it!” I’d yell.

Of course, nobody over there was listening.  But they listen to me now… sometimes.

Back in February 2003, I started writing my blog, primarily as an outlet for my frustration at the bias, omissions, and distortions I found in the L.A. Times on an almost daily basis.

Since then, I’ve managed to get the editors’ attention a few times.

During the Iraq war, I questioned an L.A. Times report that a U.S. airstrike in Ramadi had “pulverized” 15 homes and killed 30 civilians.  My military and other local sources denied the report.  Based on my post, the editors backed off their initial claims.

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