Statement by TNG-CWA on the Announcement by the McClatchy Co. Regarding the Sale of the Philadelphia Inquirer and Philadelphia Daily News May 23, 2006 http://www.cwa-union.org/news/page.jsp?itemID=27647149
It seemed in the Spring that they were making a serious go of it, although I never saw anything that allowed one to judge how much they missed by.
Does anyone else have a sense of this? How close did they get? What can one conclude from the experience about future efforts?
It seemed to me that had they succeeded there was a good chance the Inky could have become just the sort of paper Doug was talking about: not a left-wing rag, but a serious, hard-hitting, real journalism, investigative newspaper.
I wish some of our rich lefty friends would organize an investment fund for this project.
Such a fund would sell shares to lefties and left-liberals, and buy investment grade bonds, building up a war chest for the day when the CWA tries again to buy a newspaper. Then it would join in the fray.
If we sold shares for $1000 each, and 10000 people bought shares, that would be 10 million. That wouldn't be enough, I take it, but it would be a significant contribution.
I would buy a share. Maybe two. If the right people were involved you could sell 500 shares without leaving Hollywood.