The Deal From Hell

The Deal From Hell

How Moguls and Wall Street Plundered Great American Newspapers

Book - 2011
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Baker & Taylor
Presents a behind-the-scenes look at how the Tribune Company went from having the most powerful collection of newspapers in the world in 2000 to bankruptcy and public scandal after executives and editors made a series of flawed decisions.

Perseus Publishing
The authoritative account of a catastrophic merger of media empires that symbolizes the crisis in American journalism and the challenges faced by the nation's newspapers in the digital age

In 2000, after the Tribune Company acquired Times Mirror Corporation, it comprised the most powerful collection of newspapers in the world. How then did Tribune nosedive into bankruptcy and public scandal? In The Deal From Hell, veteran Tribune and Los Angeles Times editor James O'Shea takes us behind the scenes of the decisions that led to disaster in boardrooms and newsrooms from coast to coast, based on access to key players, court testimony, and sworn depositions.

The Deal From Hell is a riveting narrative that chronicles how news industry executives and editors--convinced they were acting in the best interests of their publications--made a series of flawed decisions that endangered journalistic credibility and drove the newspapers, already confronting a perfect storm of political, technological, economic, and social turmoil, to the brink of extinction.



Publisher: New York : PublicAffairs, c2011
Edition: 1st ed
ISBN: 9781586487911
1586487914
Characteristics: x, 395 p. ; 25 cm

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StarGladiator
Jan 02, 2014

(FYI: A reader would be better served reading Nick Schou's "Kill the Messenger" and "Into the Buzzsaw" then this book.) This author comes across as an honorable individual, giving us a modern historical account of leading to the demise or curtailment of their newspapers. But digging deeper, we observe that Judy Miller, when exposed at the NY Times for planted stories from Dick Cheney, ends up in a well-paying position at the Manhattan Institute, just as Tucker Carlton, who bombed on his radio-talk show, ends up as a paid fellow at the Cato Institute, just as the FBI liaison to the Warren Commission, ended up with a high-paying presidency of the Hoover Institute. A pattern in the media, and throughout the politico-government reportage scene, across many decades, points to a more insidious underlying agenda. (Add to that the number of times Leslie Stahl, Tom Brokaw, Dan Rather, Bill Moyers, and the other top names are observed dining and partying at those international financial forums; and lest we forget, Charlie Rose and his long time membership on David Rockefeller's Trilateral Commission?) And lest anyone forget, it was the passage of the "Telecommunications Act of 1996" signed into law by President Bill Clinton, which allowed this to happen (what the author is writing of) along with the reconstitution of a bigger and more powerful AT&T!

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