Meme Number One – The Tribune Corporation is closing down because it is losing money, another sign of the inevitable death of print media.
Not exactly, according to sources quoted by Josh Marshall
this filing goes directly to insanely bad business decisions, not the secular decline in newspapers. The amazing thing that is happening right now is that all of the company’s assets are in the black. All of them. Every television station and newspaper is making money. Now lets not kid ourselves — many are in a fast downhill spiral, revenues are declining, etc. But what has killed this company is the insane amount of debt Zell has placed upon it.
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Meme Number Two – The Big Three are dying beasts who couldn’t build a car if it fell on them.
Not so according to the Detroit Free Press
The debate over aid to the Detroit-based automakers is awash with half-truths and misrepresentations that are endlessly repeated by everyone from members of Congress to journalists. Here are seven myths about the companies and their vehicles, and the reality in each case.
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The media is working overtime to dumb down the story….
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