This week’s show is about a Los Angeles institution and source of local pride, nurtured to greatness as a family-owned business, purchased by someone from out-of-town who knew little about the business, put up little of his own money, and ran the property into the ground so that it is now a shell of its former self. And many customers have reacted by not buying the product.
No, we’re not talking about the Dodgers, but the Los Angeles Times.
After buying Times Mirror, The Tribune Company sent JAMES O’SHEA to LA to run the Times. Sam Zell bought the Tribune Company in a deal that even I – no financial expert – thought was both bad and doomed, and soon the Tribune Company was in bankruptcy where it remains.
O’Shea refused to do his bosses’ bidding in terms of cutbacks and he was let go. Over the next two years the Times cut nearly 40% of its journalists. JAMES O’SHEA has since founded a Chicago news cooperative of which he is editor, attempting a new model of journalism.
JAMES O’SHEA is editor and co-founder of the Chicago News Cooperative, former editor-in-chief of the Los Angeles Times and past managing editor of the Chicago Tribune. Under his leadership, the Tribune’s news staff received six Pulitzer prizes. O’Shea is the author of THE DAISY CHAIN about the savings-and-loan crisis of the 1980s, DANGEROUS COMPANY, an examination of management consultants’ role in corporate decision making, and his latest THE DEAL FROM HELL: How Moguls and Wall Street Plundered Great American Newspapers.
There are the repercussions of the Republican electoral victories in last fall's elections - not just in Washington but in statehouses across the country. Though they well know that they were swept into office due to unemployment and a weak economic recovery on the one hand, and voter ignorance and lack of memory on the other, the GOP in DC is acting like they have a mandate for gutting Planned Parenthood, Public Radio and Television, and the EPA. Even worse, in the states, they are seizing on budget shortfalls to try to crush public employee unions.
JOHN NICHOLS is a Washington correspondent for The Nation and associate editor of The Capital TImes in Madison, Wisconsin. He is the author of Jews for Buchanan, and co-author with Robert McChesney of Our Media Not Theirs: The Democratic Struggle Against Corporate Media.
Has government of, by and for the people perished from the United States?
January 21st, a divided Supreme Court reversed precedent and law, voting 5-4 in Citizens United v. FEC to remove limits on corporate contributions to political campaigns. We'll discuss the decision in the context of money in politics, looking at potential outcomes and possible remedies.
BOB EDGAR is President and CEO of Common Cause, a grassroots advocacy organization working for democracy reform, with nearly 400,000 members and supporters and state chapters in 36 states. Edgar previously served as general secretary of the National Council of the Churches of Christ in the USA, the leading U.S. organization in the movement for Christian unity, and before that as president of the Claremont School of Theology. He was elected to the U.S. House in 1974, the first Democrat in 82 years to represent the heavily Republican 7th Congressional District near Philadelphia.
SCOTT NELSON is an attorney at the Public Citizen Litigation Group in Washington, D.C., where he has practiced since August 2001. After graduating with honors from Harvard College, Nelson attended Harvard Law School, and was elected President of the Harvard Law Review in 1983. He then served as a law clerk to Supreme Court Justice Byron White. Nelson represented key Congressional sponsors of McCain-Feingold before the Supreme Court in Citizens United v. Federal Election Commission.