On Mon, 08 Dec 2008 10:07:16 -0600, the infamous F. George McDuffee
scrawled the following:

FWIW -- having driven "manufacturing" into the ground, plundering
of corporations, including looting their pension plans, continues
and has moved on to other areas such as the media. For one
example see
-----------
Tribune Considering Filing for Bankruptcy Protection, WSJ Says

By Jennifer Sondag and Sarah Rabil

Dec. 8 (Bloomberg) -- Tribune Co., the newspaper publisher and
broadcaster taken private by billionaire Sam Zell last year, is
considering filing for bankruptcy protection, according to the
Wall Street Journal.
snip
Tribune continued talks with lenders to restructure its debt in
recent days, the Journal said. The Chicago-based company, saddled
with $11.8 billion in debt from the $8.3 billion buyout of the
company last December, has been cutting jobs and selling assets
including Long Island’s Newsday to reduce its obligations.
snip

Question: How does some entity which is $3.5 BILLION in debt borrow an
extra $8.3B for a merger?!?

--snippage--
beneficiaries, and total assets of over $800 million. The Tribune
Company Master Retirement Savings Trust had over $2.2 billion in
assets for the 2006 plan year listed on Schedule H of Form 5500.
A really interesting part of this litigation to watch will be the
ultimate attorneys fees awarded when this litigation ends.

That's enough to make a mortician puke, and they don't puke easily.

--
At current market valuations (GM is worth less than Mattel)
the Chinese government can afford to buy GM with petty cash.
--Bertel Shmitt on kencan7 blogspot