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	<title>Comments on: The opportunity of bankruptcy</title>
	<atom:link href="http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/</link>
	<description>by Jeff Jarvis</description>
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		<title>By: Jim Thompson</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-418573</link>
		<dc:creator>Jim Thompson</dc:creator>
		<pubDate>Fri, 16 Jul 2010 23:16:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-418573</guid>
		<description>love it.  nice post.</description>
		<content:encoded><![CDATA[<p>love it.  nice post.</p>
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		<title>By: Gordon Borrell interviews Jeff Jarvis &#8211; Hyperlocal News and Business Models &#171; End of Business as Usual &#8211; Glenn&#39;s External blog</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-407400</link>
		<dc:creator>Gordon Borrell interviews Jeff Jarvis &#8211; Hyperlocal News and Business Models &#171; End of Business as Usual &#8211; Glenn&#39;s External blog</dc:creator>
		<pubDate>Sat, 16 Jan 2010 18:41:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-407400</guid>
		<description>[...] to fundamentally restructure and reinvent their businesses. See also Bankruptcy Squandered and The Opportunity of Bankruptcy. glenn Possibly related posts: (automatically generated)Newspapers: the End of Business as usual [...]</description>
		<content:encoded><![CDATA[<p>[...] to fundamentally restructure and reinvent their businesses. See also Bankruptcy Squandered and The Opportunity of Bankruptcy. glenn Possibly related posts: (automatically generated)Newspapers: the End of Business as usual [...]</p>
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		<title>By: Gordon Borrell interviews Jeff Jarvis &#8211; Hyperlocal News and Revenue Models &#171; End of Business as Usual &#8211; Glenn&#39;s External blog</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-407398</link>
		<dc:creator>Gordon Borrell interviews Jeff Jarvis &#8211; Hyperlocal News and Revenue Models &#171; End of Business as Usual &#8211; Glenn&#39;s External blog</dc:creator>
		<pubDate>Sat, 16 Jan 2010 18:39:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-407398</guid>
		<description>[...] to fundamentally restructure and reinvent their businesses. See also Bankruptcy Squandered and The Opportunity of Bankruptcy. glenn Possibly related posts: (automatically generated)Newspapers: the End of Business as usual [...]</description>
		<content:encoded><![CDATA[<p>[...] to fundamentally restructure and reinvent their businesses. See also Bankruptcy Squandered and The Opportunity of Bankruptcy. glenn Possibly related posts: (automatically generated)Newspapers: the End of Business as usual [...]</p>
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		<title>By: Jeff Jarvis on How Bankrupt Newspapers Can Start Over &#8212; Before It&#8217;s Too Late &#124; Media and Tech</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-406382</link>
		<dc:creator>Jeff Jarvis on How Bankrupt Newspapers Can Start Over &#8212; Before It&#8217;s Too Late &#124; Media and Tech</dc:creator>
		<pubDate>Tue, 22 Dec 2009 17:34:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-406382</guid>
		<description>[...] opportunity bankruptcy gives them to reinvent their businesses and themselves, as I suggest here: Bankruptcy enables a newspaper company to shed its past. It can get out of contracts and leases [...]</description>
		<content:encoded><![CDATA[<p>[...] opportunity bankruptcy gives them to reinvent their businesses and themselves, as I suggest here: Bankruptcy enables a newspaper company to shed its past. It can get out of contracts and leases [...]</p>
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		<title>By: Jeff Jarvis on How Bankrupt Newspapers Can Start Over&#8230; Before It&#8217;s Too Late &#124; The Faster Times</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-406381</link>
		<dc:creator>Jeff Jarvis on How Bankrupt Newspapers Can Start Over&#8230; Before It&#8217;s Too Late &#124; The Faster Times</dc:creator>
		<pubDate>Tue, 22 Dec 2009 17:31:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-406381</guid>
		<description>[...] opportunity bankruptcy gives them to reinvent their businesses and themselves, as I suggest here: Bankruptcy enables a newspaper company to shed its past. It can get out of contracts and leases [...]</description>
		<content:encoded><![CDATA[<p>[...] opportunity bankruptcy gives them to reinvent their businesses and themselves, as I suggest here: Bankruptcy enables a newspaper company to shed its past. It can get out of contracts and leases [...]</p>
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		<title>By: Bankruptcy squandered &#171; BuzzMachine</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-406374</link>
		<dc:creator>Bankruptcy squandered &#171; BuzzMachine</dc:creator>
		<pubDate>Tue, 22 Dec 2009 15:19:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-406374</guid>
		<description>[...] opportunity bankruptcy gives them to reinvent their businesses and themselves, as I suggest here: Bankruptcy enables a newspaper company to shed its past. It can get out of contracts and leases [...]</description>
		<content:encoded><![CDATA[<p>[...] opportunity bankruptcy gives them to reinvent their businesses and themselves, as I suggest here: Bankruptcy enables a newspaper company to shed its past. It can get out of contracts and leases [...]</p>
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		<title>By: 2009: Challenge versus opportunity &#171; Everyday Superstar: The blog of a twenty-something Vancouverite</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-406110</link>
		<dc:creator>2009: Challenge versus opportunity &#171; Everyday Superstar: The blog of a twenty-something Vancouverite</dc:creator>
		<pubDate>Wed, 16 Dec 2009 04:41:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-406110</guid>
		<description>[...] to focus more on writing and less on being a generalist), given that so many organizations—and in particular news organizations—are running their businesses on the “less is more” principle ... Or maybe I can use this to my advantage. I just have to figure out how. (Maybe reading more of [...]</description>
		<content:encoded><![CDATA[<p>[...] to focus more on writing and less on being a generalist), given that so many organizations—and in particular news organizations—are running their businesses on the “less is more” principle &#8230; Or maybe I can use this to my advantage. I just have to figure out how. (Maybe reading more of [...]</p>
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		<title>By: Dermitt</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-405113</link>
		<dc:creator>Dermitt</dc:creator>
		<pubDate>Fri, 27 Nov 2009 20:58:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-405113</guid>
		<description>I happen  to like print because print is more fun.  It means that all these other people have to organize, produce, deliver and retail the thing for me.  That costs lots of money and sells for next to nothing.  It&#039;s a luxury that I allow myself, all on the sweat of their brows.  The only way to survive now is to lower the price some more to sell more of the things.  More work for less.   I&#039;d buy a couple more papers if the price dropped.  Bankruptcy sucks!</description>
		<content:encoded><![CDATA[<p>I happen  to like print because print is more fun.  It means that all these other people have to organize, produce, deliver and retail the thing for me.  That costs lots of money and sells for next to nothing.  It&#8217;s a luxury that I allow myself, all on the sweat of their brows.  The only way to survive now is to lower the price some more to sell more of the things.  More work for less.   I&#8217;d buy a couple more papers if the price dropped.  Bankruptcy sucks!</p>
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		<title>By: Andy Freeman</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-405034</link>
		<dc:creator>Andy Freeman</dc:creator>
		<pubDate>Wed, 25 Nov 2009 20:51:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-405034</guid>
		<description>It occurs to me that maybe we&#039;re talking about different things, so I&#039;ll describe what I think an interview is.

An interview is a conversation between two parties.  Each party wants something from the other and is willing to give something in return for having its want satisfied.  If both believe that the other is willing to satisfy its want in return for what it is willing to give, an agreement to exchange those things is made.

It has been suggested that AAN agreed coming in that it was willing to make the relevant agreement with certain folks.  If so, those interviews consisted of a conversation and a decision by the potential employee.

Are journalist interviews different?  If not, what&#039;s unreasonable about that conversation and decision?

Note that the problem can&#039;t be the terms of the new employment - Levine objected to the interview itself.</description>
		<content:encoded><![CDATA[<p>It occurs to me that maybe we&#8217;re talking about different things, so I&#8217;ll describe what I think an interview is.</p>
<p>An interview is a conversation between two parties.  Each party wants something from the other and is willing to give something in return for having its want satisfied.  If both believe that the other is willing to satisfy its want in return for what it is willing to give, an agreement to exchange those things is made.</p>
<p>It has been suggested that AAN agreed coming in that it was willing to make the relevant agreement with certain folks.  If so, those interviews consisted of a conversation and a decision by the potential employee.</p>
<p>Are journalist interviews different?  If not, what&#8217;s unreasonable about that conversation and decision?</p>
<p>Note that the problem can&#8217;t be the terms of the new employment &#8211; Levine objected to the interview itself.</p>
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		<title>By: bankrupt companies</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-405031</link>
		<dc:creator>bankrupt companies</dc:creator>
		<pubDate>Wed, 25 Nov 2009 19:39:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-405031</guid>
		<description>hmmm... Sounds interesting... Since &lt;a href=&quot;http://www.businessbankruptcylists.com/&quot; rel=&quot;nofollow&quot;&gt;bankrupt companies&lt;/a&gt;
are available from all over the world, hope this will useful to readers..</description>
		<content:encoded><![CDATA[<p>hmmm&#8230; Sounds interesting&#8230; Since <a href="http://www.businessbankruptcylists.com/" rel="nofollow">bankrupt companies</a><br />
are available from all over the world, hope this will useful to readers..</p>
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		<title>By: Andy Freeman</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404998</link>
		<dc:creator>Andy Freeman</dc:creator>
		<pubDate>Wed, 25 Nov 2009 02:33:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404998</guid>
		<description>&gt; You’re missing the point.

Is there a point other than you think that interviewing is a big deal and I don&#039;t?

&gt; Yes, because the writing that needed to be done didn’t change so much. (If it were, they would have hired other journalists! They did not do that.)

If it&#039;s exactly the same set of journalists (no one lost a job, no new folks were hired), the only thing that happened is that they interviewed for a job that they were guaranteed to get.

Does that really count as poor treatment?

If there were some changes, or at least the possibility of change, interviews gave folks an opportunity to talk about their vision for going forward, outside of the context of day to day work.  Is that really such a bad thing?

&gt; One wonders if there was a union and, if so, what happened to it. Jeff?

Union contracts don&#039;t necessarily survive bankruptcy.

Since pretty much every other contract is up for grabs then, why should employment agreements be any different?</description>
		<content:encoded><![CDATA[<p>&gt; You’re missing the point.</p>
<p>Is there a point other than you think that interviewing is a big deal and I don&#8217;t?</p>
<p>&gt; Yes, because the writing that needed to be done didn’t change so much. (If it were, they would have hired other journalists! They did not do that.)</p>
<p>If it&#8217;s exactly the same set of journalists (no one lost a job, no new folks were hired), the only thing that happened is that they interviewed for a job that they were guaranteed to get.</p>
<p>Does that really count as poor treatment?</p>
<p>If there were some changes, or at least the possibility of change, interviews gave folks an opportunity to talk about their vision for going forward, outside of the context of day to day work.  Is that really such a bad thing?</p>
<p>&gt; One wonders if there was a union and, if so, what happened to it. Jeff?</p>
<p>Union contracts don&#8217;t necessarily survive bankruptcy.</p>
<p>Since pretty much every other contract is up for grabs then, why should employment agreements be any different?</p>
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		<title>By: Robert Levine</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404980</link>
		<dc:creator>Robert Levine</dc:creator>
		<pubDate>Tue, 24 Nov 2009 22:29:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404980</guid>
		<description>To what you said below:

&gt;&gt;&gt;Every job that I’ve had has essentially been constant interviewing to keep the job. It didn’t matter how well I did last week . . .

You&#039;re missing the point. From what I understand, these were all &quot;at will&quot; employees, so any of them who weren&#039;t performing could have been warned or dismissed anyway. This was a special case . . .

&gt;&gt;&gt;As to whether it was actually the same company, didn’t the biz model and format change significantly? Were they really filling the same positions as before?

Yes, because the writing that needed to be done didn&#039;t change so much. (If it were, they would have hired other journalists! They did not do that.) They basically just gave a ton of money to a consultant with some vague ideas and cut the salaries of the people who did the work. One wonders if there was a union and, if so, what happened to it. Jeff?</description>
		<content:encoded><![CDATA[<p>To what you said below:</p>
<p>&gt;&gt;&gt;Every job that I’ve had has essentially been constant interviewing to keep the job. It didn’t matter how well I did last week . . .</p>
<p>You&#8217;re missing the point. From what I understand, these were all &#8220;at will&#8221; employees, so any of them who weren&#8217;t performing could have been warned or dismissed anyway. This was a special case . . .</p>
<p>&gt;&gt;&gt;As to whether it was actually the same company, didn’t the biz model and format change significantly? Were they really filling the same positions as before?</p>
<p>Yes, because the writing that needed to be done didn&#8217;t change so much. (If it were, they would have hired other journalists! They did not do that.) They basically just gave a ton of money to a consultant with some vague ideas and cut the salaries of the people who did the work. One wonders if there was a union and, if so, what happened to it. Jeff?</p>
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		<title>By: Andy Freeman</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404968</link>
		<dc:creator>Andy Freeman</dc:creator>
		<pubDate>Tue, 24 Nov 2009 20:44:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404968</guid>
		<description>Journalists must have it different.

Every job that I&#039;ve had has essentially been constant interviewing to keep the job.  It didn&#039;t matter how well I did last week - what mattered was what I did now, whether or not it was the same as I did before.

As to whether it was actually the same company, didn&#039;t the biz model and format change significantly?  Were they really filling the same positions as before?</description>
		<content:encoded><![CDATA[<p>Journalists must have it different.</p>
<p>Every job that I&#8217;ve had has essentially been constant interviewing to keep the job.  It didn&#8217;t matter how well I did last week &#8211; what mattered was what I did now, whether or not it was the same as I did before.</p>
<p>As to whether it was actually the same company, didn&#8217;t the biz model and format change significantly?  Were they really filling the same positions as before?</p>
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		<title>By: Robert Levine</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404840</link>
		<dc:creator>Robert Levine</dc:creator>
		<pubDate>Mon, 23 Nov 2009 03:31:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404840</guid>
		<description>&gt;&gt;&gt;The horror – they had to apply for jobs, jobs for which they had priority. Is interviewing for a different position really such an offense, or is it just unreasonable for journalists.

I think it&#039;s unreasonable for _anyone_, given that it&#039;s essentially the same company! And it&#039;s even more unreasonable that **Jeff said this would improve journalism**. Just disgusting.</description>
		<content:encoded><![CDATA[<p>&gt;&gt;&gt;The horror – they had to apply for jobs, jobs for which they had priority. Is interviewing for a different position really such an offense, or is it just unreasonable for journalists.</p>
<p>I think it&#8217;s unreasonable for _anyone_, given that it&#8217;s essentially the same company! And it&#8217;s even more unreasonable that **Jeff said this would improve journalism**. Just disgusting.</p>
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		<title>By: Andy Freeman</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404831</link>
		<dc:creator>Andy Freeman</dc:creator>
		<pubDate>Sun, 22 Nov 2009 21:33:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404831</guid>
		<description>&gt; Please don’t forget to mention that this consulting project involved the Ann Arbor News getting rid of all the journalists they employ and forcing them to re-apply for their jobs.

The horror - they had to apply for jobs, jobs for which they had priority.  Is interviewing for a different position really such an offense, or is it just unreasonable for journalists.

Would really have been better if the company had just laid off the ones that it thought that it didn&#039;t want instead of giving them all a shot at being part of the new organization?

In the end, some had jobs and some didn&#039;t.  Why does it matter how they got to that point?</description>
		<content:encoded><![CDATA[<p>&gt; Please don’t forget to mention that this consulting project involved the Ann Arbor News getting rid of all the journalists they employ and forcing them to re-apply for their jobs.</p>
<p>The horror &#8211; they had to apply for jobs, jobs for which they had priority.  Is interviewing for a different position really such an offense, or is it just unreasonable for journalists.</p>
<p>Would really have been better if the company had just laid off the ones that it thought that it didn&#8217;t want instead of giving them all a shot at being part of the new organization?</p>
<p>In the end, some had jobs and some didn&#8217;t.  Why does it matter how they got to that point?</p>
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		<title>By: Andy Freeman</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404723</link>
		<dc:creator>Andy Freeman</dc:creator>
		<pubDate>Thu, 19 Nov 2009 18:18:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404723</guid>
		<description>&gt; Google took the ad revenue.

Google didn&#039;t take the ad revenue.

Google gets ad revenue for its pages (adwords) and for placing ads on other people&#039;s pages with their permission (adsense).

The most that you can say is that Google gave advertisers other places to spend their money.</description>
		<content:encoded><![CDATA[<p>&gt; Google took the ad revenue.</p>
<p>Google didn&#8217;t take the ad revenue.</p>
<p>Google gets ad revenue for its pages (adwords) and for placing ads on other people&#8217;s pages with their permission (adsense).</p>
<p>The most that you can say is that Google gave advertisers other places to spend their money.</p>
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		<title>By: Br&#230;nd det hele ned &#124; Digitale medier, håb &#38; falliterklæringer</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404706</link>
		<dc:creator>Br&#230;nd det hele ned &#124; Digitale medier, håb &#38; falliterklæringer</dc:creator>
		<pubDate>Thu, 19 Nov 2009 07:52:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404706</guid>
		<description>[...] (via Buzzmachine) [...]</description>
		<content:encoded><![CDATA[<p>[...] (via Buzzmachine) [...]</p>
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		<title>By: David Gehring</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404704</link>
		<dc:creator>David Gehring</dc:creator>
		<pubDate>Thu, 19 Nov 2009 05:10:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404704</guid>
		<description>Google took the ad revenue.  Craigslist took the Classifieds.  There doesn&#039;t seem to be any revenue model left to fund the News Content writing effort.  So, what about using those idle printing presses for custom publishing.  Print stuff someone is willing to have printed instead of News.  Stuff like Local Lifestyle magazines or Organizational branded magazines like local High School mags where students sell adds on Main Street to fund the printing.  Who can say No to those kids?  

Then use custom publishing profits to pay Journalists to write the News Content out of some commitment to the greater social good.  It would keep us all better informed, and also continue to contribute to Google&#039;s fabulous bottom line while not requiring Google to actually spend money creating the awesome abundant content they monetize!  Hey, anything we can do to help Google&#039;s margins, right?!?</description>
		<content:encoded><![CDATA[<p>Google took the ad revenue.  Craigslist took the Classifieds.  There doesn&#8217;t seem to be any revenue model left to fund the News Content writing effort.  So, what about using those idle printing presses for custom publishing.  Print stuff someone is willing to have printed instead of News.  Stuff like Local Lifestyle magazines or Organizational branded magazines like local High School mags where students sell adds on Main Street to fund the printing.  Who can say No to those kids?  </p>
<p>Then use custom publishing profits to pay Journalists to write the News Content out of some commitment to the greater social good.  It would keep us all better informed, and also continue to contribute to Google&#8217;s fabulous bottom line while not requiring Google to actually spend money creating the awesome abundant content they monetize!  Hey, anything we can do to help Google&#8217;s margins, right?!?</p>
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		<title>By: Jim Willse</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404690</link>
		<dc:creator>Jim Willse</dc:creator>
		<pubDate>Wed, 18 Nov 2009 17:19:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404690</guid>
		<description>The bankruptcy option would certainly be a painful one – at the CUNY conference, with callous disregard of Brother Jarvis’s recent medical travails, I compared it to chemotherapy.  In the early 90s, had the misfortune to serve as publisher of the New York Daily News while it was in Chapter 11. At the start of the yearlong process, the paper was a couple of weeks away from running out of cash. By the time it emerged from bankruptcy under a new owner, the legal tools had allowed us to leave a lot of bad business mojo behind, and the place was making a profit. But Jeff is right – if bankruptcy has merit, it will not be to &quot;reorganize&quot; a business model that is fatally flawed going in. It has to produce a new business.</description>
		<content:encoded><![CDATA[<p>The bankruptcy option would certainly be a painful one – at the CUNY conference, with callous disregard of Brother Jarvis’s recent medical travails, I compared it to chemotherapy.  In the early 90s, had the misfortune to serve as publisher of the New York Daily News while it was in Chapter 11. At the start of the yearlong process, the paper was a couple of weeks away from running out of cash. By the time it emerged from bankruptcy under a new owner, the legal tools had allowed us to leave a lot of bad business mojo behind, and the place was making a profit. But Jeff is right – if bankruptcy has merit, it will not be to &#8220;reorganize&#8221; a business model that is fatally flawed going in. It has to produce a new business.</p>
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		<title>By: Robert Levine</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404685</link>
		<dc:creator>Robert Levine</dc:creator>
		<pubDate>Wed, 18 Nov 2009 15:31:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404685</guid>
		<description>&gt;&gt;&gt;When the Ann Arbor News folded this summer and was replaced by its owners with an online, community-based site, they chose to continue publishing twice a week to continue distributing coupons, circulars, and ads; it is printed by another paper in the company. [Disclosure: I consulted on the project.]

Please don&#039;t forget to mention that this consulting project involved the Ann Arbor News getting rid of all the journalists they employ and forcing them to re-apply for their jobs.</description>
		<content:encoded><![CDATA[<p>&gt;&gt;&gt;When the Ann Arbor News folded this summer and was replaced by its owners with an online, community-based site, they chose to continue publishing twice a week to continue distributing coupons, circulars, and ads; it is printed by another paper in the company. [Disclosure: I consulted on the project.]</p>
<p>Please don&#8217;t forget to mention that this consulting project involved the Ann Arbor News getting rid of all the journalists they employ and forcing them to re-apply for their jobs.</p>
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		<title>By: The opportunity of bankruptcy &#124; The New Newspaper</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404683</link>
		<dc:creator>The opportunity of bankruptcy &#124; The New Newspaper</dc:creator>
		<pubDate>Wed, 18 Nov 2009 15:01:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404683</guid>
		<description>[...] At the New Business Models for (Local) News Summit at CUNY last week, my friend and mentor Jim Willse, late of the Star-Ledger in New Jersey, asked us to create a model for an existing news organization to morph into what we proposed as the new structure. That’d be painful and thus controversial, I said, to which Willse – never one to mince words – responded, “No shit.”  Read more at BuzzMachine.com [...]</description>
		<content:encoded><![CDATA[<p>[...] At the New Business Models for (Local) News Summit at CUNY last week, my friend and mentor Jim Willse, late of the Star-Ledger in New Jersey, asked us to create a model for an existing news organization to morph into what we proposed as the new structure. That’d be painful and thus controversial, I said, to which Willse – never one to mince words – responded, “No shit.”  Read more at BuzzMachine.com [...]</p>
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		<title>By: Bob Wyman</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404669</link>
		<dc:creator>Bob Wyman</dc:creator>
		<pubDate>Wed, 18 Nov 2009 10:27:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404669</guid>
		<description>While bankruptcy is the obvious and rational path for the enterprise to take in order to escape the shackles of the past and move to a new and more profitable future, it must be recognized that this is not necessarily the most beneficial course of action for the stockholders of a newspaper company since bankruptcy will inevitably mean that they lose some or all of their beneficial ownership of the corporation. Stockholders may be much more happy to take advantage of time to slowly re-balance their portfolios or hold losses in stock until those losses can be usefully applied against income from other investments. Additionally, we need to recognize that a large number of other stakeholders are better served by crippled and dying traditional newspapers than they would be by reborn and vibrant papers of the future. Many senior executives of the existing newspapers are likely to lose their positions as a result of the bankruptcy reorganizations that are proposed. Additionally, many employees, such as pressmen, truck drivers, maintenance workers, etc. are likely to lose their jobs upon reorganization...

We must be careful to understand that there is a distinct difference between what is good for &quot;journalism&quot; or &quot;society&quot; and what is good for the shareholders and economic stakeholders of the newspapers. Unfortunately, in the short term, these interests may not be aligned even though the long term inevitability of reorganization may be apparent to all.

bob wyman</description>
		<content:encoded><![CDATA[<p>While bankruptcy is the obvious and rational path for the enterprise to take in order to escape the shackles of the past and move to a new and more profitable future, it must be recognized that this is not necessarily the most beneficial course of action for the stockholders of a newspaper company since bankruptcy will inevitably mean that they lose some or all of their beneficial ownership of the corporation. Stockholders may be much more happy to take advantage of time to slowly re-balance their portfolios or hold losses in stock until those losses can be usefully applied against income from other investments. Additionally, we need to recognize that a large number of other stakeholders are better served by crippled and dying traditional newspapers than they would be by reborn and vibrant papers of the future. Many senior executives of the existing newspapers are likely to lose their positions as a result of the bankruptcy reorganizations that are proposed. Additionally, many employees, such as pressmen, truck drivers, maintenance workers, etc. are likely to lose their jobs upon reorganization&#8230;</p>
<p>We must be careful to understand that there is a distinct difference between what is good for &#8220;journalism&#8221; or &#8220;society&#8221; and what is good for the shareholders and economic stakeholders of the newspapers. Unfortunately, in the short term, these interests may not be aligned even though the long term inevitability of reorganization may be apparent to all.</p>
<p>bob wyman</p>
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		<title>By: Andre Bruton</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404662</link>
		<dc:creator>Andre Bruton</dc:creator>
		<pubDate>Wed, 18 Nov 2009 06:22:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404662</guid>
		<description>The Tweet worked and gave enough information to attract me to the article! Exactly my thoughts, but reinventing themselfs - I doubt it. They will die. New social driven news feeds will drive future news - realtime but unedited.</description>
		<content:encoded><![CDATA[<p>The Tweet worked and gave enough information to attract me to the article! Exactly my thoughts, but reinventing themselfs &#8211; I doubt it. They will die. New social driven news feeds will drive future news &#8211; realtime but unedited.</p>
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		<title>By: Alex Beattie</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404655</link>
		<dc:creator>Alex Beattie</dc:creator>
		<pubDate>Wed, 18 Nov 2009 04:15:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404655</guid>
		<description>Well said, Jeff. Would love for you to extrapolate upon the old - accounts, and reps and the &#039;if they&#039;ll learn,&#039; for it&#039;s my belief that the old guard are impeding progress and stalling forward movement..

Certainly times are moving forward, but there&#039;s quite a bit of this &#039;denial&#039; still hanging around.

Thanks again for your terrific insight!</description>
		<content:encoded><![CDATA[<p>Well said, Jeff. Would love for you to extrapolate upon the old &#8211; accounts, and reps and the &#8216;if they&#8217;ll learn,&#8217; for it&#8217;s my belief that the old guard are impeding progress and stalling forward movement..</p>
<p>Certainly times are moving forward, but there&#8217;s quite a bit of this &#8216;denial&#8217; still hanging around.</p>
<p>Thanks again for your terrific insight!</p>
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		<title>By: Jeff Jarvis</title>
		<link>http://www.buzzmachine.com/2009/11/17/the-opportunity-of-bankruptcy/#comment-404653</link>
		<dc:creator>Jeff Jarvis</dc:creator>
		<pubDate>Wed, 18 Nov 2009 04:02:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.buzzmachine.com/?p=5613#comment-404653</guid>
		<description>I like irony, don&#039;t you?</description>
		<content:encoded><![CDATA[<p>I like irony, don&#8217;t you?</p>
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