Chicago and the Tribune Co. have won the 2008 D.I.D. (Daily Insolvency Derby) by a nose, narrowly beating out Minneapolis and the Star Tribune. It was a close race all year long, with many lead changes. As of last Friday, it looked like Minneapolis had it won with a seemingly insurmountable lead heading down the [...]
As exciting as any horse race you’d ever see at Churchill Downs or Saratoga, the Minneapolis Star Tribune and Tribune Co. are neck and neck in the much-hyped D.I.D. (Daily Insolvency Derby). The old-time Norris Division/’Black & Blue’ NFC Central rivals Chicago and Minneapolis have rounded the 4th turn and are heading down the stretch [...]
The Business Journal is reporting this afternoon that senior creditors are stepping in to take over ownership of the Minneapolis Star Tribune in a debt for equity swap that eliminates 100% of Avista’s ownership in the daily newspaper. Avista invested $100 million in the deal and financed the rest with $400 million of debt, the [...]
According to the the Labor Department’s November jobs report that was released this morning, the U.S. lost 533,000 non-farm jobs last month. The monthly losses, now numbering 11 in a row, were the largest since 1974. Unemployment, which rose .2% to 6.7%, now stands at its highest level in 15 years. The report deals another [...]
In addition to providing a snapshot of the labor market by state, we are also able to analyze the data by industry. Not every job fits easily into one of the categories, so the table below lists fewer jobs than the data by state, but the picture is just as grim. (LinkUp publishes job openings [...]
After fixing two significant problems with our data (normalizing the data to account for a constantly growing database of companies and not counting duplicate jobs that companies re-post to their corporate web site every day with new URLs), we have finally generated an accurate, insightful report that provides a completely unique snapshot of the U.S. [...]
In its latest attempt to stave off the inevitable, the Minneapolis Star Tribune is demanding that its unions trim off $20 million in annual salary and cost reductions or the daily newspaper will be forced to declare bankruptcy. The company also acknowledged that Avista Capital Partners will be writing off the remaining $25 million on [...]