Tuesday, March 31, 2009

It Takes a Mogul to Sink a Business

Forget Detroit for five minutes (after you've watched Jon Stewart on Obama the car salesman). Newspapers are in huge trouble, and here's an entertaining yet tragic tale of the Chicago Sun-Times getting dragged down by imbecile leaders and their infinite needs. In this case, it was a bill for $117 million from former mogul Conrad Black and his circle's legal fees that threw them into bankruptcy.

You'll be glad to know that Conrad "said he was adapting well to life in a Florida jail, where he is teaching inmates history and learning to play the piano: 1In some respects, there is less intrusion here of the irritations of daily life than on the outside.'"

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