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Datalapper
10-14-2009, 12:18 AM
I know the recession has hit almost all sectors of the economy, but how did BusinessWeek go from being worth over $1Billion dollars in 2000 to just a handful of million today?
I mean c'mon. It's BusinessWeek. Now on the auction block for less than an average condo (http://condo-sales.com/stats/condosalesstats.aspx?stat=uw) in Manhattan?

Bloomberg Wins Bidding For BusinessWeek

Posted by: Tom Lowry on October 13
Bloomberg LP, the global financial data and news empire created by New York City Mayor Michael R. Bloomberg, is the winning bidder for BusinessWeek.

Terms of the offer will not be disclosed by Bloomberg and BusinessWeek parent McGraw-Hill Cos. But knowledgeable sources say that Bloomberg’s cash offer is in the $2 million to $5 million range and that it has agreed to assume liabilities, including potential severance payments.
It remains to be seen how much of the magazine’s 400-plus staff Bloomberg plans to cut, but reports of a planned scorched earth campaign are overblown, say sources. -businessweek (http://www.businessweek.com/innovate/FineOnMedia/archives/2009/10/bloomberg_wins.html)Well, I guess that's comforting to the staff. The 'good news' that although the company sold at a fire sale price, those reports of a planned scorched earth campaign to follow are just "overblown"?
Then again, considering the article is from BusinessWeek itself, who's to say what to believe.

CRB
10-14-2009, 01:04 AM
I used to subscribe to BW and I'm not surprised. The quality of their content has slipped a lot.

johnr
10-14-2009, 03:43 AM
I used to subscribe to BW and I'm not surprised. The quality of their content has slipped a lot.

I remember,several years ago, when you reported the change CRB, and said it was going down the Dip.;)

Datalapper
10-14-2009, 01:41 PM
I used to subscribe to BW and I'm not surprised. The quality of their content has slipped a lot.I guess one could say that Murdoch's purchase of the Journal has had about the same effect.
I'm not saying that their articles are dog crap; it's that are literally ABOUT dog crap.

Washington Wire
Political Insight and Analysis From The Wall Street Journal's Capital Bureau

October 7, 2009, 12:27 PM ET
Did the First Dog Leave a Number Two on Air Force One?

Elizabeth Williamson reports on the White House.
The mystery begins in a Pittsburgh bar where several high-flying airline types met last month.

The group swapped stories over drinks when three people present let loose with a good tale. Bo, the presidential puppy, recently left a present on the presidential jet, they said, and a flight attendant had nearly stepped in it.

Reports of other puppy-like behavior support the story. At least two reporters spotted Bo running loose aboard Air Force One this summer. News stories say he chews socks, magazines and the presidential sneakers. In an NBC television interview around the time of the alleged accident, President Barack Obama said Bo has chosen notable venues in the past.

“We go out and we’re walking and I’m picking up poop, and in the background is the beautifully lit White House,” the president said. “It’s quite a moment.”

A White House press official was certain—the scoop on the poop was a crock. The press office checked with the Air Force One flight crew who said Bo had not desecrated the jet.
But we were nagged by a question—was the pile denial a White House cover up?
Yeah. Doesn't matter what the Whitehouse says. The WSJ is still sticking to their sources, and their smelly story. (http://blogs.wsj.com/washwire/2009/10/07/did-the-first-dog-leave-a-number-two-on-air-force-one/)

Fox is right about that liberal bias. Where is the rest of the MSM on this alleged coverup and denial from the Whitehouse??:D
I think it's just great that the Wall St Journal is willing to dig where no other journalists dare tread. I'm sure if if Barney or Miss Beazly ever so much as wet on a rug they would have been all over those stories too. The fact that we didn't hear about it is just simple proof it never happened. :rolleyes:

Washington Wire is one of the oldest standing features in American journalism.
Since the Wire launched on Sept. 20, 1940, the Journal has offered readers an informal look at the capital's comings and goings in a series of newsy, and sometimes even gossipy, items.
Now online, the Wire provides a succession of glimpses at what's happening behind hot stories and warnings of what to watch for in the days ahead.Good job guys! Now we'll know just 'what' to watch out for in the days ahead. Dog crap from the WSJ. Don't step in it. :D

klubkleb
10-14-2009, 03:25 PM
Ahhh, sad to watch another great American newspaper slowly go down the tubes, thanks to Murdoch's News Corp. The WSJ will be a broadsheet-style NY Post before too long.

bazzer
10-14-2009, 03:36 PM
The WSJ will be a broadsheet-style NY Post before too long.

As evidence to support your contention, I submit this recent WSJ headline: (http://online.wsj.com/article/SB125538779820481255.html)


Slaw and Order: Hot-Dog Stand in Chicago Triggers a Frank Debate

Datalapper
10-14-2009, 06:29 PM
As evidence to support your contention, I submit this recent WSJ headline: (http://online.wsj.com/article/SB125538779820481255.html)Wow. And here I thought the easy, breezy, newsy WashingtonWire section was the only part being trivialized.
Damn. Your article is from 'page one' in the *real* news section.

Trouble with this IMO, is that the WSJ has a tremendous amount of credibility built up over the years and unlike her laughable, ne'er-do-well, red ink bleeding tabloid brother the NY Post, when the Journal deems something 'newsworthy' it becomes newsworthy. And even staid, sober outlets like NPR (http://www.npr.org/templates/story/story.php?storyId=113742195&ft=1&f=1006) end up covering the 'story'.

Now, since you turned us on to this story, whats up with this Father Phleger guy? He was yelling & screaming at the hot dog entrepreneur, calling him "a pimp" for hiring these ex-cons? This is the same priest who urged his parishioners to follow his example and patronize prostitutes? Only to use the time they buy from them to talk about changing their sinful ways?
Just don't try and give a job to a convicted felon though, you'll be screamed at & called a "pimp"

Curious. What happens if these streetwalkers don't respond to the surprise evangelism once you get them upstairs? Oh well, we've still got another half hour left on the clock??:eek:
A Priest Pays Prostitutes for Time, to Offer Them an Escape

Shrouded in darkness on the tough streets of the South Side, a Roman Catholic priest, Michael Pfleger, is looking for prostitutes.
Father Pfleger, the 50-year-old pastor of St. Sabina Church, pays cash for a half-hour, typically $50, and then uses the time to talk to the women about ways to escape the indignity and danger of selling their bodies.

Teams of three parishioners from St. Sabina, sometimes without Father Pfleger, make the rounds to rescue prostitutes. One of the women they found was Kathy Ellis, a 40-year-old drug addict and prostitute.

...''I get calls and offers of help from everywhere but my archdiocese,'' said Father Pfleger, sitting in his office one recent afternoon. ''I want to ask them: How is what I'm doing not part of the Gospel? The church leaders talk about evangelization. Well, if this isn't evangelization, I don't know what is.''
In his street work with prostitutes and drug dealers, Father Pfleger organizes three-man teams to search the streets; one of the men sits in a nearby car with a two-way radio, ready for trouble. -ny'slimes' (http://www.nytimes.com/2000/04/12/us/a-priest-pays-prostitutes-for-time-to-offer-them-an-escape.html) Hey! why do I always got to be the guy sitting in a car with the walkie-talkie??? And why does Father Pfleger always get to be the 'inside' man?;)

bazzer
10-14-2009, 06:33 PM
... her laughable, ne'er-do-well, red ink bleeding tabloid brother the NY Post...

It's a tough time for all newspapers, but last time I checked, I seemed to remember that the Post was faring better than most of the rest, no?

Anyway, there was another headline I enjoyed recently, this one from The Onion (http://www.theonion.com/content/news/report_majority_of_newspapers_now):


Report: Majority Of Newspapers Now Purchased By Kidnappers To Prove Date

Datalapper
10-14-2009, 07:06 PM
Anyway, there was another headline I enjoyed recently, this one from The Onion (http://www.theonion.com/content/news/report_majority_of_newspapers_now):That was good. I guess kidnapping is the recession-proof growth industry?
Now the news of Polaroid reintroducing their instant cameras (http://www.amateurphotographer.co.uk/news/Polaroid_instant_film_cameras_set_for_relaunch_upd ate_445pm_news_290476.html) next year is starting to make some sense to me.

klubkleb
10-14-2009, 11:16 PM
Future Wall Street Journal headline?

HEADLESS TRADER FOUND IN TOPLESS BAR

Richard Bey
10-15-2009, 12:36 AM
last time I checked, I seemed to remember that the Post was faring better than most of the rest, no?

http://www.businessweek.com/magazine/content/05_08/b3921114_mz016.htm

PROVING GROUND
The Daily News remains much the stronger paper financially, earning in excess of $15 million on revenues of about $340 million in each of the past two years, according to an authoritative source. The Post has lost so much money for so long that it would have folded years ago if News Corp. applied the same profit-making rigor to the tabloid as it does to its other businesses. Could the Post turn a profit if the Daily News vanished? Daily News executives and many neutral observers believe the Murdochs are determined to find out. Says Martin Dunn, who long worked for News Corp. before joining the Daily News in 2003 as editorial director and deputy publisher: "I've been on the other side. I know that when News Corp. sets out to destroy someone, they go all out to do it."

Ironically the source: BUSINESSWEEK