I know Frank Blethen keeps saying that the impending demise of the P-I will be a boon to his rival Times, but apparently not everybody is that optimistic…
The McClatchy Co., which owns 49.5 percent of The Seattle Times Co., has again cut the value of its share of the Seattle newspaper company — this time to nothing.
Because of The Seattle Times Co’s. “comprehensive loss related to its retirement plan liabilities” in 2008, McClatchy’s investment was zero as of Dec. 28, McClatchy said in its most recent filing with the Securities and Exchange Commission.
Huh. I’m not exactly certain what a 49.5 percent stake in HA would be worth, but I’m pretty sure it’s worth more than nothing.
OT: Where’s the money coming from keeping Seattle Transit Blog on-air? Most of the “stories” are from “volunteers,” but there are expenses and no apparent ads.
What does HA’s retirement plan look like?
@3: A hand out to the HA leftists!
2. drool spews:
I’m sure Goldy socks away 5% of his tip jar.
That means $11.14 of principal.
However, Goldy invested it in Jones Soda, so it’s worth about 1.98
Pretty sure a 49.5 in HA is worth more than nothing? Only if it’s the excellent HA.com, a porno place-holder.
If it’s the excremental and obscene HA.org to which you refer, then it’s 49.5 percent of less than zero. Way less than zero.
‘I’m not exactly certain what a 49.5 percent stake in HA would be worth….’
Probably about 2 bucks (Canadian). Even Roger “O.C.D.” Rodent can afford that. Still looking for a real job Goldy?
$2 is more than most Republican-run corporations are worth these days, if you’ve checked the stock market lately. All around me, the vaunted private sector is collapsing. You know what they say, “dust to dust.” This is the death throes of trickle-down capitalism.
Memo to Greedheads: When you pay workers less, they buy less. When you lay off workers, they buy nothing. When you sell nothing, you earn nothing, and your stock is worth nothing.
Any questions?
Since your two main sources of columns are Darcy Burner fan pieces and making fun of the Seattle Times, what will you do when they go under?
What matters most in this piece:
Because of The Seattle Times Co’s. “comprehensive loss related to its retirement plan liabilities” in 2008…
TRANSLATION: “We’re not going to pay off the pensions we promised the employees at the Seattle Times, if we have any say about it….”
Union busting – it’s the new black for the (once?) wealthy and heartless.
In sum:
The Times is worth the cardboard center of the toilet paper roll.
The Seattle P-I is worth the toilet paper on the roll we use for our daily dump , pre-use.
…and Goldy’s HA backwater blog is worth what that toilet paper looks like after being put to good use.
any questions?
@ 12
any questions?
Yeah. When are you wingnuts going to stop shitting all over this place so that it will, once again, look like an unused roll of toilet paper?
….haha, maybe when you learn to count.
@ 13
maybe when you learn to count
Cool. So, now that I’ve gotten the comment reference number correct, we can now bid you goodbye.
Don’t let the door hit you in the ass on the way out.
@ 14~ I’ll leave when I’m good and ready, but thanks for the offer. Your inner fascist is showing, but then again, liberalism has that effect on people.
I hope both Seattle papers eventually disappear. Then the major paper will be the News Tribune, based in Tacoma, and that will piss off the King County snobs no end!
Anybody out there still buying WFC? It’s really cheap now.
Goldy,
Do you have any retirement plan at all? IRA? 401K? 403B? Tax-sheltered annuity?
If you’re counting on social security – not good; you might try buying lottery tickets. You never know – somebody eventually wins the lottery, and it could be you if you get lucky.
He said count, not read the number correctly.
What a bunch of petty, mean-spirited souls.
@ 18
He said count,
Yes, he did.
not read the number correctly.
Which means that both of you are wrong. What I did was type the wrong number.