tag:blogger.com,1999:blog-8811616037332448221.post5575961296702894740..comments2023-06-30T07:39:20.662-04:00Comments on BRISTOLTODAY.COM: A potential JRC buyer says company wouldn't provide enough informationSteve Collinshttp://www.blogger.com/profile/06316108296993240817noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-8811616037332448221.post-77413738883667917672008-12-31T21:19:00.000-05:002008-12-31T21:19:00.000-05:00Who is Johnson's advisor, Geladino?Who is Johnson's advisor, Geladino?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-75743932421854372612008-12-23T10:49:00.000-05:002008-12-23T10:49:00.000-05:00CCWere you talking about the "leadership" line or ...CC<BR/><BR/>Were you talking about the "leadership" line or Johnson?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-82231518242644906202008-12-21T15:06:00.000-05:002008-12-21T15:06:00.000-05:00December 21, 2008 11:21 AM:Exactly. A joke is what...December 21, 2008 11:21 AM:<BR/><BR/>Exactly. <BR/><BR/>A joke is what it is...albeit a bad one .Concerned Constructive Conservativehttps://www.blogger.com/profile/13369681105636203099noreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-80847129670650424982008-12-21T11:21:00.000-05:002008-12-21T11:21:00.000-05:00What leadership???What leadership???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-15512529184474721812008-12-20T19:36:00.000-05:002008-12-20T19:36:00.000-05:00Concerned Conservative,It is so easy to sit back a...Concerned Conservative,<BR/><BR/>It is so easy to sit back and judge. But what have you done? Same as always -- nothing. At least Ken gave it a shot. <BR/><BR/>He stepped in when others didn't so cut him some slack. But you'd rather just snipe and question his motives. <BR/><BR/>As for me, I hope the Press is bought and I will continue to support it. <BR/><BR/>Thanks Ken for trying.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-5568691864974709502008-12-20T14:38:00.000-05:002008-12-20T14:38:00.000-05:00I find it hard to believe that too many serious in...I find it hard to believe that too many serious investors would take the leadership of Ken Johnson seriously.Concerned Constructive Conservativehttps://www.blogger.com/profile/13369681105636203099noreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-76682785228516208812008-12-20T06:30:00.000-05:002008-12-20T06:30:00.000-05:00This "thank god for all the republicans" probably ...This "thank god for all the republicans" probably doesn't even go to church ! But we can see the extent of his vocabulary .Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-34153448246261240632008-12-20T00:20:00.000-05:002008-12-20T00:20:00.000-05:00I don't believe the JRC cares whether it sells any...I don't believe the JRC cares whether it sells any of the papers or not. Otherwise, they'd be trumpeting the fact that it is for sale from the pages of the Press. Through the years, the company has never hesitated to plaster its own self-serving press releases all over Page One. The fact that almost all the news on this dire situation and any potential ubyer or sale comes only on this blog ought to tell you something. Notice how stories written about the paper's value in the community were posted here, but never ran in the "real" paper. It's the biggest story in town, and yet, it's being ignored except for here. We readers owe you for that, Steve.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-3715569398149878342008-12-19T22:47:00.000-05:002008-12-19T22:47:00.000-05:00Ken did get help. The local group he was involved ...Ken did get help. The local group he was involved with had the capacity to buy the paper. He was not "trying to be a hero" or hog the credit, whatever that means. He was attempting to put together a team of investors. It didn't work out in part because those involved did not think they got adequate information from the JRC.Steve Collinshttps://www.blogger.com/profile/06316108296993240817noreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-3061454891651975802008-12-19T22:35:00.000-05:002008-12-19T22:35:00.000-05:00Why doesn't Ken Johnson get some help from some re...Why doesn't Ken Johnson get some help from some real people who know what they're doing? Is it because he wants to be the hero and not share credit? Or is he just along for the ride while others do the real work?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-90171756474789846052008-12-19T21:51:00.000-05:002008-12-19T21:51:00.000-05:00I can think of at least two reasons the JRC might ...I can think of at least two reasons the JRC might be less than vigorous in its efforts to sell.<BR/>One is that its executives are so busy trying to save some sort of truncated company that they simply don't have the time to bother working on anything related to a sale of a paper they've already written off.<BR/>Another is that given the company's deep indebtedness, it's entirely possible that the JRC itself won't make any money off a sale. Any cash from a sale might go directly to a creditor.<BR/>If you think about that from a homeseller's perspective, it makes sense. If I were to sell my house and keep the money I make, I'd work pretty hard to make sure it looked good, that my records were available and orderly, that a few tulips were dancing in the breeze, and such. But if any money I made from selling my house was going straight to the bank, I wouldn't bother doing, well, anything much. What would be in it for me? Nothing.<BR/>I'm reasonably sure that the reality of the situation is some combination of both alternatives. I truly don't believe the JRC cares much whether it sells or closes the Press. Its contempt for its workers, its papers and the communities it serves is clear enough in its decisions in recent days to shutter at least 20 weeklies without any notice at all to anyone. There's precious little evidence that the company made any effort to sell these papers. It just closed them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-74072029024893972862008-12-19T21:39:00.000-05:002008-12-19T21:39:00.000-05:00It's really up to the buyer to form projections an...It's really up to the buyer to form projections and budgets of <B> their own </B> based on information <I> the buyer compiles on his own. </I> <BR/><BR/>When one buys a house one usually inspects the house. This is no different.<BR/><BR/>I have a feeling the complaints are not justified. Why wouldn't JRC want to <I> not </I> provide information?? They want a sale. They want the cash from the sale.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-54941160943564440782008-12-19T21:35:00.000-05:002008-12-19T21:35:00.000-05:00The broker is a legitimate firm that has handled n...The broker is a legitimate firm that has handled newspaper sales for a long while. I'm sure it's trying to make the best deal it can.Steve Collinshttps://www.blogger.com/profile/06316108296993240817noreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-82405817367968008832008-12-19T19:53:00.000-05:002008-12-19T19:53:00.000-05:00Is anyone else publicizing their interest?Did they...Is anyone else publicizing their interest?<BR/><BR/>Did they have the same problem?<BR/><BR/>Or is the firm screening for legitimate buyers?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-21371117970031475562008-12-19T19:24:00.000-05:002008-12-19T19:24:00.000-05:00Thank God for Ken Johnson.Thank God for Ken Johnson.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-19224356619748966612008-12-19T18:28:00.000-05:002008-12-19T18:28:00.000-05:00Is the JR stonewalling because if they do sell the...Is the JR stonewalling because if they do sell they still have liabilities they would have to pay for (but don't have the money too) whereas they could not sell and file Chapter 7 and get out of the whole mess?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8811616037332448221.post-9057261144061372022008-12-19T18:01:00.000-05:002008-12-19T18:01:00.000-05:00And before somebody takes a shot at Johnson, I wan...And before somebody takes a shot at Johnson, I want to say that I know the local effort he mentions was serious and the money necessary was available, if the potential buyers had seen enough data to convince them the endeavor was worthwhile.Steve Collinshttps://www.blogger.com/profile/06316108296993240817noreply@blogger.com