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Copley Press Tells Employees It Will Put No More Money into Defined Benefit Pension Plan
Don, Any rumblings of union organizing in the UT? It might be interesting for a new owner to have to do some negotiating.— December 18, 2008 2:17 p.m.
Copley Employees Likely to Get 5% to 15% Lower Lump Sum Benefits; If Company's Pension Plan Badly Underfunded, May Not Get Lump Sums at All
You can also read between the lines and realize that whatever buyer the UT finds will have the employees at ground zero in benefits. Copley saying no more retirment now means a buyer won't have to say it in the future.— December 15, 2008 4:40 p.m.
Tribune Co. Files for Bankruptcy, Saddled with $13 Billion in Debt and Decline in Ad Revenues
Surely the four color printing presses alone are worth more than $15 million. They are relatively new, with Copley having installed them less than 10 years ago.— December 10, 2008 9:44 a.m.
Union-Tribune's December House Organ Doesn't Report Circulation Figures
"San Diego County is the nation's 17th largest metro area. But the U-T's circulation is 23rd among dailies. Its online usage is not even in the top 30." This illustrates the fact that the damage done to the UT was not only by the internet. Other papers have far superior penetration of their markets. The UT's chief sin is that it is a dull, irrelevant read.— December 10, 2008 9:41 a.m.
Copley Puts Tiny Borrego Sun Up for Sale
There is no way the UT, as we know it, can go 100% online. The electronic advertising revenue simply could not support the salaries. As for Copley ... well, needless to say I am not impressed. Sportsbook wonders what's wrong with getting out now and enjoying life. As near as anyone can tell, David has never done anything BUT enjoy life since Old Man Copley rescued David and his mother from their shabby home on 54th St. There has always been a deadly hypocrisy around the Helen & Son team. It was painful to read Homewrecker Helen's family values spew and even more so to sit back and watch as David refuses to grant domestic partner benefits or even allow the funds from the Copley Retirement Fund to transfer to a domestic partner at the employee's death.— November 27, 2008 11:01 a.m.
U-T Managers Get No News on Sale of Paper, Other Than Something They All Knew
The chief financial officer said the newspaper has a "positive cash flow." Well, what else is he going to say? "Gosh, folks, hope we can cover the next payroll!" Bell and Company are not above lying to their own management. I recall back when "Today's Local News" was the big corporate secret. The advertising folks in North County were shuttled from one location to another to make room for the project. And were told so many lies about what was happening it ceased to be even funny. At the big quarterly management meeting someone sent an anonymous question to Bell asking about the mistruths. He scolded the audience saying that there are times when we can't share everything. Fair enough. But does not sharing equal lying?— November 25, 2008 6:52 a.m.
Copley Puts Tiny Borrego Sun Up for Sale
Speaking of pocket change, I wonder if David is going to have HR pass out his annual Christmas gift of grocery money to the employees. The accompanying letter, inevitably penned by HR, could go something like this: Dear Soon-to-be-Former Employees: In these national times of increasing fiscal uncertainty, I am sure that you'll appreciate the fact that I have increased your personal sense of insecurity tenfold by putting this company on the block. Please accept the enclosed pittance and think of it next year as you look forward to whatever welfare and unemployment benefits you can grab. I wish you the best of health and various socialized medicine President-elect Obama will be able to muster. Sincerely, David PS I am off to the South Seas on my yacht. San Diego is too cold for me this time of year.— November 23, 2008 10:26 a.m.
Copley Puts Tiny Borrego Sun Up for Sale
" Earlier, the company jettisoned La Casa del Zorro, the Borrego Springs resort that was part of company lore, and a money loser that had sentimental value for the late Helen Copley ..." Helen sentimental about La Casa del Zorro? Maybe because it was the trysting place she and Jim Copley used when they were cheating on his first wife. Helen made her fortune in that hotel.— November 21, 2008 1:17 p.m.
U-T Managers Get No News on Sale of Paper, Other Than Something They All Knew
And on the humor side...Steve Kelley, former editorial cartoonist for the San Diego Union-Tribune, is suing the newspaper. http://www.editorandpublisher.com/eandp/... .... This is typcial of a phony conservative ... they bemoan government involvment in their lives then scurry to the government (in this case the courts) when things don't go their way.— November 19, 2008 10:17 a.m.
U-T Managers Get No News on Sale of Paper, Other Than Something They All Knew
I told you Bell would never make an announcement and then open it to questions. Never. -- And I'll bet he did not take questions on Steve Kelly's suing the UT either.— November 16, 2008 5:41 p.m.