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Gidney N Cloyd

Gidney N Cloyd's Journal
Gidney N Cloyd's Journal
May 21, 2021

Tribune Publishing says Alden bid won shareholders' OK

Source: Chicago Sun-Times

Tribune Publishing directors said Friday shareholders approved Alden Global Capital’s offer to buy the company, heralding a new and uneasy era at the Chicago-based media company and turning aside pleas from its journalists and others who made opposition to the sale into a fight for the soul of journalism.


The company announced the result at a special board meeting without giving vote totals. Alden’s $17.25-a-share acquisition will take the 174-year-old company private.

Alden is acquiring the roughly two-thirds of the company that it doesn’t already own. Tribune Publishing owns the Chicago Tribune and eight other large dailies.


Alden is a New York-based hedge fund widely criticized for accumulating financially troubled newspapers and deeply cutting payroll and selling assets. It already owns about 200 newspapers through a separate company, MediaNews Group, and its Tribune Publishing deal would make it the nation’s second-largest publisher behind Gannett.

Read more: https://chicago.suntimes.com/business/2021/5/21/22446605/tribune-publishing-alden-shareholder-vote-takeover

The Trib's op/eds have always been very conservative but their reporting was top notch.
Alden's going to drain the blood out of it and sell the organs.
May 29, 2019

A Smothers Brothers metaphor for today

Mueller trying to hand off dealing with Trump to the House reminded me of an old Smothers Brothers routine.

March 23, 2019

Forbes: Trump Defenders Underestimate The Mueller Report By Touting No Indictments

Trump Defenders Underestimate The Mueller Report By Touting No Indictments

The pro-Trump spin machine is out on the airwaves, touting that the just-completed Mueller Report recommends no new indictments.

For ten briefly-stated reasons, the Mueller action marks more of a beginning, than an end, to the search for wrongdoing in the Russia scandal.

First, there are very active continuing investigations. When special counsels complete their reports of their principal findings, that does not end the inquiries. Instead, the tasks for prosecutors and investigators are turned over to the continuing active investigations. In this instance, the U.S. Attorney for the Southern District of New York has brought prosecutions already, like Michael Cohen’s, to build on. Matters within that U.S. Attorney’s broad jurisdiction will continue forward.

Second, it is pure spin to make the issue whether new indictments are in the report. Mueller may well think that the report should give an account of his findings. New indictments are not to be expected in a report on findings. Indictments come, when ready, from the grand jury, not in reports. Rather, indictments that are moving toward readiness would come out in the other investigations, like that of the SDNY.
December 30, 2018

Difference between a Democratic Socialist and a Social Democrat

The key difference between the two here is the degree of acceptance of Marxist theory and the premise that capitalism must necessarily go. While democratic socialism advocates converting a society from capitalism to a communist society through democratic means, social democracy supports maintaing the capitalist framework, and working inside it, using economic and political interventions and government regulations/services to help the working class.

To me, 'social democracy' seems like what we've got and what some countries, particularly in northern Europe, do a bit better while 'democratic socialism' seems like the slippery slope to communism that RWers freak about.
Just to keep things "interesting," Alexandria Ocasio-Cortez aligns herself with the Democratic Socialists of America which is "a left-wing organization of democratic socialist (!), social democratic (!!) and labor-oriented members in the United States."
August 14, 2018

Trump's use of NDAs with his staff breaks with precedent of past administrations

Sarah Hucklebuck Sanders just lied about this at today's briefing. One lie among a pretty constant stream.


After it became public information that Trump had required White House employees to sign binding NDAs that would last even after Trump's presidency ends, The Washington Post wrote that Trump was the first president to do this. According to Debra Katz, a lawyer who spoke to The Washington Post on the subject, demanding an NDA that includes a financial penalty — as Trump's is reported to have — is "an outrageous effort to limit and chill speech."

"Once again, this president believes employees owe him a personal duty of loyalty, when their duty of loyalty is to the institution," Katz told The Washington Post.

As Politico reported, Obama also didn't like leaks coming from the White House. However, he didn't use Trump's businessman's tactic of requiring NDAs in order to stop them.
August 6, 2017

Some of the posts on DU lately brought an old Emo Phillips joke to mind...

Once I saw this guy on a bridge about to jump. I said, "Don't do it!"
He said, "Nobody loves me."
I said, "God loves you. Do you believe in God?"
He said, "Yes."
I said, "Are you a Christian or a Jew?"
He said, "A Christian."
I said, "Me, too! Protestant or Catholic?"
He said, "Protestant."
I said, "Me, too! What franchise?"
He said, "Baptist."
I said, "Me, too! Northern Baptist or Southern Baptist?"
He said, "Northern Baptist."
I said, "Me, too! Northern Conservative Baptist or Northern Liberal Baptist?"
He said, "Northern Conservative Baptist."
I said, "Me, too! Northern Conservative Baptist Great Lakes Region, or Northern Conservative Baptist Eastern Region?"
He said, "Northern Conservative Baptist Great Lakes Region."
I said, "Me, too!" Northern Conservative†Baptist Great Lakes Region Council of 1879, or Northern Conservative Baptist Great Lakes Region Council of 1912?"
He said, "Northern Conservative Baptist Great Lakes Region Council of 1912."
I said, "Die, heretic!" And I pushed him over.
July 25, 2017

Gerald R. Ford, our only Eagle Scout president

Not that I'm a big Jerry Ford fan (though I'm sure they're legion) but I thought this was an interesting contrast to Trump's whatthefuckery at the Boy Scout Jamboree.

Remembering Gerald R. Ford, our only Eagle Scout president (so far)

On Presidents Day, let’s remember Gerald R. Ford, our 38th president and, at least so far, the only Eagle Scout to ascend to the most powerful post in the country.

Ford, who earned the Eagle Scout award in 1927 as a member of Troop 15 in Grand Rapids, Mich., went on to receive the Distinguished Eagle Scout Award in 1970.

In December 1974, while president of the U.S., Ford spoke at the Boy Scouts’ Annual Awards Dinner. That’s where he offered this gem of a quote:

It has recently been said that I am too much of a Boy Scout in the way I have conducted myself as President, and so I reviewed the Boy Scout laws and Boy Scout oath.

They say that a Scout is trustworthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean, and reverent. That is not bad for somebody who knew it 46 years ago.

And the Boy Scout oath is, “On my honor, I will do my best to do my duty to God and my country, to obey the Scout laws, to help other people at all times, to keep myself physically strong, mentally awake and morally straight.”

Well, if these are not the goals of the people of the United States, what they want their President to live up to, then I must draw this conclusion: Either you have the wrong man or I have the wrong country, and I don’t believe either is so.

When Ford died in December 2006, his family requested an honor guard of 200 Eagle Scouts. They knew how important Scouting was to the man throughout his life.
In fact, 400 Eagle Scouts — age 15 to 85 — showed up to line the road to his presidential museum in Grand Rapids.

A fitting memorial to the man who once said, “One of the proudest moments of my life came in the court of honor when I was awarded the Eagle Scout badge. I still have that badge. It is a treasured possession.”
January 26, 2017

Author of Trumps Favorite Voter Fraud Study Says Everyones Wrong


It sounds like, for starters, the trumpledytes are conflating two different studies...

The problem, says Richman, who identifies as a political moderate, is that the Trump administration’s interpretation of his report is totally off. “Trump and others have been misreading our research and exaggerating our results to make claims we don’t think our research supports,” Richman says. “I’m not sure why they continue to do it, but there’s not much I can do about that aside from set the record straight.”

In an interview airing tonight on ABC News, President Trump also pointed to an actual Pew Research report about outdated voter rolls, but according to its own author, that report found no instances of voter fraud.

Now, Richman’s study and the Pew Report are set to become the foundation of the Trump administration’s newly promised investigation into potential voter fraud—whatever Richman says about their interpretation of his findings. The political exploitation of Richman’s work is a blow against intellectual honesty and scientific integrity. What’s more, voting rights advocates fear the investigation it’s being used to prop up could lead to severe voting restrictions in the future.
January 25, 2017

I'm sure Trump's threat to send Feds into Chicago for the 'carnage' has nothing to due with this...


After much fanfare from Chicago aldermen over the righteousness of tearing down President-elect Donald Trump's honorary street signs, city workers quietly removed the placards over the weekend.

A city sign shop crew pulled down the remaining two street signs on Wabash Avenue near Trump Tower at 8 a.m. Sunday, according to Chicago Department of Transportation spokesman Michael Claffey. A third Trump sign was stolen months ago

The City Council voted a week before the Nov. 8 presidential election to take down the signs, citing the "caricature" of Chicago that Trump presented during the campaign through his frequent mentions of the city as a place overrun with violent crime. Aldermen also knocked Trump's pledge to deport millions of immigrants in the country illegally in voting to take away the street sign honor.

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