Value of the product
The New York Times would sell the Boston Globe if only the paper was worth the effort.
Sam Zell is growing disenchanted with his purchase of Tribune Company, and hints at selling off assets: "The news business is something worse than horrible," Zell said. "If that's the future, we don't have much of a future."
Meanwhile, the Tribune Company's new innovation chief wants to turn newspapers into the modern-day version of Top 40 radio, with some baseball metaphors thrown in for good measure: If we can morph the Soul of Dylan...with the innovation of Apple and the eccentric-all-the-way-to-the-bank of Bill Veeck, the WORLD will be a better place. WE have that opportunity. (Read the entire memo here.)