Robservations on the media beat:
Thousands of words were written and spoken last week about the departure of the Chicago Tribune from Tribune Tower. But none resonated as much as this tweet by City Hall reporter Gregory Pratt: “I know the @chicagotribune is not Tribune Tower. It's the staff and its readers. But the fact that a corporate divorce brought on by years of high-level corporate hijinx led to our building being sold out from underneath us will always sting. Corporate capitalism at its worst,” Pratt wrote. The eviction of the newspaper from its namesake home at 435 North Michigan Avenue didn’t have to happen. It only came about because the bosses of Tribune Media — a separate entity from the newspaper’s owner tronc — were determined to squeeze every penny out of the company before selling what was left to Sinclair Broadcast Group. For the short-term profit of a relatively small number of investors, the long-term legacy of a Chicago institution was lost. After 93 years in a landmark neo-Gothic cathedral of journalism, now the Tribune occupies leased space in One Prudential Plaza. What a shame. Continue reading