It sounds like they have a backer, and it's always all about the money.
More Quotes from Edward Atorino:
This deal may get people to start dusting off their files about newspaper values.Edward Atorino
Advertising for travel and resorts virtually vanished with the war and those will trickle back, but there are other issues facing the stocks. Help wanted advertising has hit a 40-year bottom with the surge in unemployment and retail advertising continues to be soft with an uncertain consumer.
Edward Atorino
Newspapers have an agenda that does not match people's opinions in many cases, ... They are out of step politically, they are out of step in coverage. People get fed up with that. Newspapers are out of touch with mainstream Americans and now the problems are coming home to roost.
Edward Atorino
For Tribune, on a long-term basis, it's terrific. While in the short term there's a lot of dilution, ultimately this will be a monster success.
Edward Atorino
There are some deep-pocketed guys who want to own newspapers.
Edward Atorino
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