Whose news box will prevail? |
They
seemed to think back then that the Sun-Times would be a product of the 20th
Century that would no longer exist once we passed over into the new millennium.
YET
NOW WE’RE one-eighth of the way into the 21st Century. All that transition
into a new millennium talk seems like a life-time ago. And yet, we still have
the Sun-Times with us – albeit in printed editions that now only get as fat as
the paper used to be scrawny in the old days.
And
I wonder how those old Sun-Times vets would react to not only seeing the
newspaper still alive, but to the Crain’s Chicago Business report on Friday
that indicated the Sun-Times ownership was talking about purchasing “assets” belonging
to the Chicago Tribune.
Of
course, Crains’ report was purposely vague as to what was meant by “assets.”
That could mean anything from some websites that deal primarily in advertising
to some of the newspaper or broadcast properties that Tribune officials are
expected to try to sell off later this year as part of their way of becoming a
financially-solid company.
Could
we really get the day when WGN (either television or radio) is a sister
property of the Chicago Sun-Times? Would they take on the monicker of the World’s
Greatest Newspaper that those broadcast call letters perpetuate?
OR
WOULD WE really get an effort by the Sun-Times to purchase the Chicago Tribune
itself?
Sister
newspapers published in coordination with each other? Or just buying the
Tribune so as to fold it and eliminate the competition?
Talk
about an unpredicted outcome!
NOW
LIKE I stated before, the report in Crain’s was purposely vague because
Sun-Times officials are being vague. In fact, it may well be possible that this
is just cheap trash talk by Sun-Times executives who want to make the Tribune
types wet their pants a bit at the very thought of becoming merely a part of
Wrapports – the Chicago-based company that now owns the Sun-Times and always
engages in high-minded talk about how they’re going to turn the newspaper
reporting assets to bolster a digitally-based media company.
This
may be the ultimate evidence of talk being cheap.
Although
it also has me wondering what will become of the high and mighty Tribune –
whose cornerstone of the gothic tower along Michigan Avenue reminds us that it
has been in place since 1847 and probably thinks it will outlive the city of
Chicago itself!
Sold
to the Sun-Times? Or is there anything to all that rumor-mill rumblings that
Rupert Murdoch might actually consider purchasing the newspaper.
HE
IS THE man who already owns the Wall Street Journal (along with his New York
Post) and who allegedly believes that having the Los Angeles Times and Chicago
Tribune all aligned together would give him the basis of a truly national news
brand in this country.
Which
was the reason that the Tribune types themselves bought the old Times-Mirror
Co. a decade ago – thinking that having the Times and Newsday in New York’s
suburbs would give them a combo in the top three U.S. media markets.
Would
that be enough to get a whole slew of Tribune types to jump ship and try to
hook on at the Sun-Times – to avoid having to work for a Murdoch-owned
publication? Or have times changed enough that no one would care that the
Tribune would shift from being the sister newspaper of WGN-TV to being the
sister publication of WFLD-TV (which originally was created to be the
television counterpart of the Sun-Times).
I
don’t know what the outcome of all this is going to be. Although it won’t
surprise me if whoever does wind up taking on the Chicago Tribune will have
some vision similar to the Sun-Times types – taking all those reporting assets
and archives and trying to put them to use on the Internet.
THERE
IS VALUE in all that information – no matter how many advertising-oriented
dinks want to view the news “content” of a newspaper as space-filler in between
the girdle ads.
About
the only thing I am sure of these days is whatever the outcome of the Tribune
(and Sun-Times) ownership situation turns out to be, it will be some status
that – back when I was a beginning reporter-type for the now-defunct (and
sorely missed) City News Bureau of Chicago – none of us could have dreamed of a
quarter-of-a-century ago.
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