The Greenwich Time Is A Newsosuar
The Greenwich Time Has Four Ownership Changes In The Last Twelve Years
Can You Really Trust Your Personal Data To The Money Losing Greenwich Time?
The new and most recent bankruptcy announcement by MediaNews Group parent Affiliated Media will be especially hard on the Greenwich Time's parent company, Hearst Inc.
MediaNews Group was the previous owner of the money losing Greenwich Time, before Hearst had to bail out Denver based newspaper owners.
The secretive Hearst corporation improbably put money into MediaNews, its direct competitor in northern California, in the hopes of reversing the almost continuous loses it has suffered since stepping up to buy the San Francisco Chronicle in 2000. Instead of fixing the long-festering problem, Hearst became not just the biggest loser among the equity investors in MediaNews. It will be the only one.
That's because MediaNews heads Singleton and Richard B. Scudder put any of their own money into the company That bought the money losing Greenwich Time and San Francisco Chronicle.
MediaNews partners like Gannett, Stephens Media and E.W. Scripps are also immune.
Misters Singleton and Scudder will, of course, lose net worth should their horde of stock be redistributed to bondholders.
Hearst's likely loss is a direct result of its hapless, and so far hopeless, effort to make good on the ill-fated acquisition of the San Francisco Chronicle.
After sinking the better part of $700 million into buying the San Francisco daily in a lengthy, painful and costly legal process that began in 2000,
the secretive Hearst corporation has been forced since then to underwrite ongoing losses ranging as high as $1 million a week.
In addition to the estimated $1.2 billion Hearst has spent to date on buying and running the newspaper.
The Hearst Corporation now faces the loss of the $317 million that it invested in MediaNews in a complicated -- but subsequently scuttled -- effort to partner with MediaNews to work together and enter into some sort of operating partnership that included the money losing Greenwich Time.
For a variety of reasons, that never happened.
Now, just as Hearst Newspaper Editor David McCumber is touting the Greenwich Time's supposed new improvements, he fails to tell his readers that his company will be the one left holding the MediaNews bill.
So Is It Smart To Turn Over Your Personal Data To The Money Losing Greenwich Time?
You Don't Know Who A Cash Strapped Hearst Newspapers Or A Bankruptcy Judge Might Sell Your Personal Information To.
What Is The Hearst Corporation Doing With All Of Your Personal Information?
Some Greenwich Time Website Users Say They Are Getting Bombarded With Spam.
Don't Risk Identity Theft Just Because You Wanted To Comment On A Greenwich Time Article
If You Want To Comment At The Greenwich Time You Must Tell Them .....
Everything About You And Your Family.
Your Email Address
Your Password
Your First Name
Your Last Name
Your Address Including Zip Code
Your Gender
Your Annual Income
Your Birth Date And Other Information About Your Household
Do You Really Want The Hearst Corporation To Send You ....
"Periodic email products and opportunities from Greenwich Time on behalf of its selected advertisers and clients"
Only A Fool Would Trust Their Families Personal Data To The Hearst Corporation And The Greenwich Time.
Don't Risk Identity Theft At The Greenwich Time When You Can Easily Comment On These Stories At Topix.....
Top Story At The Greenwich Topix Message Board:
An Update On Officer Terral HardyDoes anyone even know that Officer Hardy has been in a custody struggle in the state of Arizona where he has not been allowed by the court to be alone with his only daughter due to his continuing anger issues. He has also been charged with speeding with his daughter in the car because he is a "policeman" and knows what he is doing
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Connecticut's landmark campaign finance system is in danger of collapsing during its first gubernatorial election cycle.
BPT says.....
Would'nt our politicians love a "financial free for all."think of all the $$$$ skimming that can be done. I feel our leaders won't be addressing THIS issue soon.
Jewelry and charitable giving usually bring separate joys. Jessica Mindich of Greenwich has brought them together by founding Jewelry for a Cause, which allows buyers of jewelry to donate to a worthy endeavor at the same time.
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This Just In To The Greenwich Topix Message Board.....
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Q&A with Rye Historical Society President Sheri Jordan
Rye Historical Society president Sheri Jordan is helping her group gear up for Rye's 350th anniversary celebration....
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Anglers fly to top despite tough conditions
Redbone competitors were treated to some un-Bahama like conditions Saturday. A windy, cloudy day translated into rough seas for the 11 teams at the Redbone Deep Water Cay Bonefish Classic, the first tournament of the 2010 Built Ford Tough ESPN Outdoors Saltwater Series presented by Takemefishing.org ...
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Not much cutthroat competition for Byram hair salons
Walking around in downtown Byram in need of an emergency trim? The problem may lie in deciding where, from among the abundance of options, to go.A In somewhat of a quirk of the neighborhood, a half-dozen hair salons, including a lone barbershop, occupy street-level storefronts within the span of a few short blocks.....
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HaHaHa - Matt Taibbi Skewers whiney Aig VP Jake DeSantis
The whole article is a great read - here's an excerpt - click the link and read the whole thing....
... But DeSantis works for tiny, 377-person AIGFP, a unit that had only two offices -- one in London and one in Greenwich, Conn. And we're talking about financial professionals, the most shameless group of tirelessly envious gossips ever to walk the ...
