P.S. A Column On Things

By PAUL E. SCHINDLER JR. I am from Portland, Oregon, Beaumont ’66, Benson High ’70, MIT ’74. Some things are impossible to know, but it is impossible to know these things.

CMP: Controlled Flight Into Terrain

April 22, 2013

 The Tribune Company’s eight regional newspapers, including The Los
Angeles Times, The Chicago Tribune, The Baltimore Sun, The Orlando
Sentinel and The Hartford Courant are now worth $623 million… less
than the $1 billion my former employer CMP was worth in 1999. This is
probably more a comment on the horrible decline of daily newspapers.
Of course, a lot of that billion-dollar value of CMP has
been destroyed by UBM  in the 14
years since. Now we know how long it takes to run a billion-dollar
company into the ground. Controlled flight into terrain, I think they
call it in aviation.

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Paul E. Schindler Jr.

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