Monday, February 04, 2008

Pocono Record source: The Lynetts are frontrunners to buy the paper from Rupert

Our Pocono Record correspondent reports: "After a long time trying to sell the Ottaway Newspapers as a group, Murdoch's people have given up because none of the potential chain buyers wanted all of the papers. So now Murdoch is selling them off one by one. Groups of investors, local and on Wall Street are being put together bids for each paper. That means that the Lynetts have a very good chance at the Pocono Record. Although the Record will be expensive, the Lynetts are in a position to save bundles as owners of the Record. They can combined their accounting and payroll at Scranton. They can sell a powerful combo into the fast growing and prosperous Monroe County. They can print the paper in Scranton and truck it to Stroudsburg saving millions, and the list goes on. This means they will be a position to bid higher than any other group for the Record. For months word was that Lee and Gannett we on the short list, but now each Ottaway paper will be sold one by one to the high bidders. Ofcourse the chains will still be in the running for individual buys. The Lynetts have express great interest, and they held a large meeting this summer with Monroe biggies to scout the territory. The Lynetts don't like to pay top dollar usually, but the Record is such a good prize for them that betting is they would pay up for the paper whose market value is some $33 million. None of this bodes particularly well for upper management in Stroudsburg."

32 comments:

Anonymous said...

Go Notre Dame!

Anonymous said...

I think there's going to be serious competition for the Pocono Record. I wouldn't put it in the TS empire just yet.

Anonymous said...

Re: 12:33

You make a good point. Would Newhouse have any interest in the Record. It could achieve the same efficiencies running the Record out of Easton or Newark.

It doesn't exactly fit the company's decentralized management structure, but they've done something similar merging the management and printing functions of the Trenton Times with those of the Star-Ledger.

Just a thought.

General Padden said...

Murdock's an asshat.

Anonymous said...

God help Record employees if TS buys the place. If it happens, you guys and gals, better sharpen up your resumes.

Frank Peretta said...

Damn those lace curtain Irish.

Anonymous said...

GO IRISH!

Anonymous said...

An investment group from Allentown is also bidding. One of the guys owns a weekly.

Anonymous said...

AND SOOOO THE EMPIRE COUNTINUES....CRACK CRACK,PICK THOSE DIAMONDS YOU MUD CHUGGING LACKEYS..WE NEED MORE MARTINIS AND LESS HEALTH CARE!!CARE WE DONT CARE FOR WE HAVE NO SOULS!!!!!HA HA HA!1

Anonymous said...

Then leave. Polish your resume and go. Put T-S in your review mirror. Head out for that next great job.

Oh, you tried it? And what happened? They said what? They didn't recognize your brilliance? Now you're forced to take a paycheck from people you despise?

Life's a bitch, hayna or no? I guess you could tear up that paycheck--on principle. Yeah, that'd show 'em.

Anonymous said...

12:34// ONE QUESTION DO YOU WORK WITHIN THE TIME SHAMROCK WHEEL OF PAIN OR DO YOU SPEND TIME PONTIFICATING IN YOUR PARENTS BASEMENT WHILE LAMENTING YOUR LONG LOST OBSESSION WITH PAM ANDERSON/CAUSE IF YOU DID YOUD REALIZE THE SHIT MOST OF THESE PEOPLE HAVE TO SWIM THRU TO GET THAT PAYCHECK/ESPECIALLY IF YOU WORK ON NORTH WASHINGTON STREET.SO PLEASE SAVE YOUR JERKOFF FANTASY OF WHAT IT IS TO WORK FOR A LIVING AND EITHER GET OFF YOUR BACK OR OFF YOUR KNEES AND JOIN THE ANGRY MASSES OF WHAT IS RIGHT..

Anonymous said...

1:16 is a fucking moron.

Anonymous said...

IMO, The Record's news Web site is better organized and designed to the T-T's. Is it an Ottoway corporate product. or put together by an in-house team? TS could benefit from bringing in this sort of 'Net savvy if the purchase goes through.

Anonymous said...

1:16PM--

Shhhhh. There, there. Be calm. Stop shouting. Shhhhh. Take the whole Prozack, stop spltting the dose. Shhhh.

Anonymous said...

1:20 is a f****ing moron,unlike 1:20 some of us have a litte more style,and unlike 1:20 who was between shifts at Taco Bell,some of us who work in the biz agree with 1:16,cause unless your in it no know nothing about it.

Anonymous said...

Oops sorry, should have read "unless your in it ,you know nothing about it". I let my righteous rage get in the way of verbage.ohh boy the prozac is kickin in ,ohh boy i love everyone,whooooo weee,nothin but love, even for 1;20..hugs and kisses!

Anonymous said...

I work at TT and Taco Bell, I am I a bad person? I just need the cash.

Anonymous said...

Which one pays better?

Anonymous said...

Taco bell pays more + free food, and BTW it was suppose to be "Am I a bad person", but I messed it up while changing the comment.
It actually looked more authentic messed up:)

Anonymous said...

1:16, maybe if you'd stop writing in all caps, or used punctuation, or knew how to spell, or could string together a meanigful sentence, or could go for more than three lines without cursing, or weren't consumed by bitterness...

Guess not.

Anonymous said...

"Oops sorry, should have read "unless your in it ,you know nothing about it".
3:15 PM, February 07, 2008


Or, it could have read "you're." That's a contraction for "you are."

Anonymous said...

This is 1:20. I am in "the biz." You are clearly not; if you are, I pity your poor copy editors.

Anonymous said...

Can someone get some "Shamrock Wheel of Pain" coffee mugs made up?

Anonymous said...

Wow there must be alot of out of work writers or people screwing around on company time or some real anal individuals.

Anonymous said...

Get to work!!!

Anonymous said...

Hey 1;20 get me more salsa! No beter yet get your mommy to bring it to me.

Anonymous said...

Oops is spelled word wrong i bad i should be hurt.

Anonymous said...

oh 1:20,1:20,1:20 stop sticking you wiener in the bunny oh 1:20!

Anonymous said...

If you guys ever worked for a low-rent newspaper chain such as Cocks, or Thompson where the newroom gets 1/8 of the budget while the paper is expected to turn a 10 percent margin year after year, with no concern for quality of coverage or journalism, you may reconsider how lucky you are at TS and maybe even the TL. Can the managers be intolerable pricks, sure, from time to time. Compare your circ, pay, and staffing levels with other papers.
Also.. Wheel of Pain logo idea: The shamrock leaves are the "spokes" on the wheel that is a medievel-type rack stretching out a hapless dude on top. Cafe Press anyone?

Anonymous said...

Ahhh yes, the age of the Robber Barons has returned.

Anonymous said...

They all three removed the silver spoons from their mouths for this picture. They make money in spite of the fact that they are successful solely because they inherited everything...everything they have. There is not an inventive or innovative brain in that picture. The very image of resting on the laurels of to some degree their father and to the highest degree their grandfather. The smartest one in the picture is George and that's only because he managed to wangle himself a law degree. Ed is the happy-go-lucky Irishman who is riding the crest. Bill? How many colleges bounced him before he finally was able to squeeze a degree out of somewhere? Money attracts money unless monumental mistakes are made and that's the best you can say about this picture of Manny, Moe, and Jack...they haven't made a major faux pas as yet.

Anonymous said...

Larry, Moe and Curley with Shemp in inserted picture.