Former LA Times executive Mark Willes stole all the Diet Coke when he left, following the Tribune Company takeover in 2000. Oh, and he also got a $64.5-million severance package. More gems to be found in The Deal from Hell, by former LA Times editor James O’Shea, reviewed in the same by Washington Post Ombudsmen Geneva Overholser.
Ms. Overholser should send her reading copy to Delaware Bankruptcy Judge Kevin Carey, who can’t decide how to rule in the Tribune Co.’s Chapter 11 Bankruptcy case, according to Reuters. Tribune Co. will either pay shareholders $480 million in buyouts or allow shareholders to sue the lenders that enabled the leveraged buy out.
AdKeeper, the start-up browser app that promises to improve display ad click-thru rates by allowing consumers to “save” advertisements for later viewing, has launched an advertising campaign for itself, “to educate consumers about the significance of the button starting to appear on the ads,” according to The New York Times, which is also an investor in the company.
Sales for e-readers are growing faster than sales for tablets, especially among Hispanics, adults under 65, college educated adults, and households with income over $75,000, according to a Pew Internet report.