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.
CMP: Controlled Flight Into Terrain
April 22, 2013
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