Impact of Times Deal on L.A.?Last week's announcement of the Tribune Media-Times Mirror deal came as a surprise to most Angelenos. The sale of the media company leaves a hole in the city's corporate fabric and means that L.A. will no longer have a locally owned daily. So the Business Journal asks: How do you think the sale of Times Mirror will impact Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. ? Daniel Styles Vice President of Emerging Growth Imperial Bank A lot of people are already getting nostalgic about this L.A institution and they think they're losing apart of their heritage. I don't necessarily agree with that. I think the Times could benefit from the added resources and maybe beef up the business section, which is a little thin right now. For the reader there probably won't be a big difference. From the corporate standpoint I can see big synergies, as far as Tribune now being a one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. . Now they can offer their ad clients representation in most of the major cities. Gregory Calvosa Director of Worldwide Marketing Pearson Television The absence of Times Mirror probably won't be that good for the local economy. But for the most part I don't see a problem with an out-of-state company running the paper. As long as they have the same editorial staff and reporters, I don't think it will change much. Compared to say, The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times or the Chicago Tribune Chicago Tribune Daily newspaper published in Chicago. The Tribune is one of the leading U.S. newspapers and long has been the dominant voice of the Midwest. Founded in 1847, it was bought in 1855 by six partners, including Joseph Medill (1823–99), who made the paper , the L.A. Times has always been considered a second-rate paper. That perception isn't going to change regardless of where the management is located. Nancy Hoffmeier Zamora Principal Zamora & Hoffineier I don't think it's going to make a large difference since the editorial staff will remain the same. I'm really not sure if the overall management will change things. I don't think it would be wise for the Chicago-based owner to ignore the Los Angeles community as far as charitable giving and community support. This is our only major newspaper. The subscribers and the community will expect them to take a leadership role in community projects. David Fitzharris Director of New Business Mercury Media It hurts my civic pride to see the ownership of he paper migrate out of Los Angeles. But I don't think the editorial quality of the paper will diminsh. I don't think the Tribune wants to lower the quality of the paper. That would only hurt them. As far as how Los Angeles is viewed by those outside of California, I don't think opinions will be changed much one way or the other. Martin H. Kaplan, Ph.D. Associate Dean Annenberg School for Communication There are two schools named Annenberg School for Communication.
I'm looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the silver lining silver lining n. A hopeful or comforting prospect in the midst of difficulty. [From the proverb "Every cloud has a silver lining". in this. My guess is that it won't turn out to be a story about one family and one city, but that it's emblematic em·blem·at·ic or em·blem·at·i·cal adj. Of, relating to, or serving as an emblem; symbolic. [French emblématique, from Medieval Latin embl of what's happening to the economy. I think this is a domestic version of globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation . Corporations, when they're philanthropic, tend to do so in their own backyards. The company being based in Chicago could impact that. If you look at America as an information ecosystem, the amount of information from both companies now is huge and it will become smaller as they overlap. They could consolidate overseas bureaus, causing the overall amount of an already extremely scare commodity, foreign news, to become even, smaller. |
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