The story behind Tribune's broken deal































































At the end of 2007, real estate tycoon Sam Zell took control of Tribune Co. in a deal that promised to re-energize the media conglomerate. But the company struggled under the huge debt burden the deal created, and less than a year later, it filed for bankruptcy.

One of Chicago's most iconic companies — parent to the Chicago Tribune — was propelled into a protracted and in many ways unprecedented odyssey through Chapter 11 reorganization.

On Dec. 31, after four years, Tribune Co. finally emerged from court protection under new ownership, but at a heavy cost. The company's value was diminished, its reputation was tarnished and its ability to respond to market opportunities during its long bankruptcy was constrained.

Tribune Co.'s bankruptcy saga began as an era of superheated Wall Street deal-making fueled by cheap money was coming to an end. The company's tale is emblematic of the American financial crisis itself, in which a seemingly insatiable appetite for speculative risk using exotic investment instruments helped trigger an economic collapse of historic proportions.

Tribune reporters Michael Oneal and Steve Mills, in a four-part series that begins today, tell the story of Tribune Co.'s journey into and through bankruptcy, throwing a spotlight on the key decisions and missed opportunities that marked a perilous time in the history of the company, the media industry and the economy.



Read the full story, "Part one: Zell's big gamble," as a digitalPLUS member.
To view videos and photos and for a look at the rest of the series visit, chicagotribune.com/brokendeal.





Read More..

Facebook tests $100 charge to message Zuckerberg






NEW YORK (AP) — Would you pay $ 100 to message Mark Zuckerberg? Facebook says it’s testing some “extreme price points” to let users pay to have their messages seen by people who are not their friends.


The tech blog Mashable reported early Friday that some users trying to message Zuckerberg are offered the option to pay $ 100 to ensure that their missive reaches the Facebook CEO’s inbox. Without paying, the message would likely end up in Zuckerberg’s “other” message folder, an oft-overlooked purgatory between the spam folder and the inbox.






Facebook says it’s testing the “extreme” prices to “see what works to filter spam. The company is also testing a service that lets people pay $ 1 per message to route communications to non-friends’ inboxes.


Zuckerberg has more than 16 million followers on the site.


Social Media News Headlines – Yahoo! News





Title Post: Facebook tests $100 charge to message Zuckerberg
Url Post: http://www.news.fluser.com/facebook-tests-100-charge-to-message-zuckerberg/
Link To Post : Facebook tests $100 charge to message Zuckerberg
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

PHOTOS: Miss America winners, yesterday and today






Miss America is in a New York state of mind.


Mallory Hagan of New York City won the beauty pageant Saturday night after tap dancing to James Brown’s “Get Up Off of That Thing” and answering a question about whether armed guards belong in grade schools by saying we should not fight violence with violence.






By capturing the crown, Hagan receives a $ 50,000 scholarship and a yearlong run as an advocate and role model.


Here, in images, is a look at some of the present and past winners:


Entertainment News Headlines – Yahoo! News





Title Post: PHOTOS: Miss America winners, yesterday and today
Url Post: http://www.news.fluser.com/photos-miss-america-winners-yesterday-and-today/
Link To Post : PHOTOS: Miss America winners, yesterday and today
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

City Room: Cuomo Declares Public Health Emergency Over Flu Outbreak

With the nation in the grip of a severe influenza outbreak that has seen deaths reach epidemic levels, New York State declared a public health emergency on Saturday, making access to vaccines more easily available.

There have been nearly 20,000 cases of flu reported across the state so far this season, officials said. Last season, 4,400 positive laboratory tests were reported.

“We are experiencing the worst flu season since at least 2009, and influenza activity in New York State is widespread, with cases reported in all 57 counties and all five boroughs of New York City,” Gov. Andrew M. Cuomo said in a statement.

Under the order, pharmacists will be allowed to administer flu vaccinations to patients between 6 months and 18 years old, temporarily suspending a state law that prohibits pharmacists from administering immunizations to children.

While children and older people tend to be the most likely to become seriously ill from the flu, Mr. Cuomo urged all New Yorkers to get vaccinated.

On Friday, the Centers for Disease Control and Prevention in Atlanta said that deaths from the flu had reached epidemic levels, with at least 20 children having died nationwide. Officials cautioned that deaths from pneumonia and the flu typically reach epidemic levels for a week or two every year. The severity of the outbreak will be determined by how long the death toll remains high or if it climbs higher.

There was some evidence that caseloads may be peaking, federal officials said on Friday.

In New York City, public health officials announced on Thursday that flu-related illnesses had reached epidemic levels, and they joined the chorus of authorities urging people to get vaccinated.

“It’s a bad year,” the city’s health commissioner, Dr. Thomas A. Farley, told reporters on Thursday. “We’ve got lots of flu, it’s mainly type AH3N2, which tends to be a little more severe. So we’re seeing plenty of cases of flu and plenty of people sick with flu. Our message for any people who are listening to this is it’s still not too late to get your flu shot.”

There has been a spike in the number of people going to emergency rooms over the past two weeks with flulike symptoms – including fever, fatigue and coughing – Dr. Farley said.

Mayor Michael R. Bloomberg and Mr. Cuomo made a public display of getting shots this past week.

In a briefing with reporters on Friday, officials from the C.D.C. said that this year’s vaccine was effective in 62 percent of cases.

As officials have stepped up their efforts encouraging vaccinations, there have been scattered reports of shortages. But officials said plenty of the vaccine was available.

According to the C.D.C., makers of the flu vaccine produced about 135 million doses for this year. As of early this month, 128 million doses had been distributed. While that would not be enough for every American, only 37 percent of the population get a flu shot each year.

Federal health officials said they would be happy if that number rose to 50 percent, which would mean that there would be more than enough vaccine for anyone who wanted to be immunized.

Two other diseases – norovirus and whooping cough – are also widespread this winter and are contributing to the number of people getting sick.

The flu can resemble a cold, though the symptoms come on more rapidly and are more severe.

A version of this article appeared in print on 01/13/2013, on page A21 of the NewYork edition with the headline: New York Declares Health Emergency.
Read More..

Illinois' 'fracking' future fractured









Thousands of landowners downstate have sold their rights to drill for oil and natural gas for upfront fees ranging from $50 to $350 per acre, plus a cut of the profits.

Others are fighting to prevent the drilling out of fear that they could be exposed to drinking water contamination, earthquakes, toxic gases and industrialization.

In the middle of this battle are Illinois legislators who have yet to pass laws to deal with horizontal hydraulic fracturing, better known as fracking. The issue is expected to be taken up again this year.





Horizontal hydraulic fracturing has opened up vast reserves of natural gas deposits in the U.S. that until now were impossible to tap. The drilling technique uses pressurized sand, water and chemicals to crack open layers of rock that trap such fuels hundreds or thousands of feet below ground.

The stampede to unleash such fuels has been compared to the Gold Rush of the 1840s. And in addition to the money being made by landowners in selling drilling rights, the fracking rush has brought jobs to other parts of the country.

"Other states have found the way to find the sweet spot to protect the environment and bring jobs; we should not miss that boat," said Tom Wolf, executive director of the Energy Council at the Illinois Chamber of Commerce.

For people desperate for jobs, a shale gas boom downstate can't come soon enough. Many counties are dealing with unemployment rates that top 10 percent.

Proponents of fracking hope to inject new life into areas of the state where a once-vibrant coal industry has declined precipitously. At the same time, there's a fear drilling will never begin unless the companies that want to extract the gas know what regulatory risks they face.

"If legislation doesn't pass at some point this year, from the state's perspective the risk is that the industry might invest elsewhere in other states that have more favorable conditions to invest in and develop these sorts of wells," said Leonard Kurfirst, a partner at Edwards Wildman Palmer LLP in Chicago who practices environmental law, chemical product liability litigation and regulatory compliance.

The state has laws to deal with gas and oil wells, but those regulations date to 1983 — before modern horizontal drilling techniques were used.

Without meaningful regulation, some landowners are learning that their property rights don't necessarily extend to what's buried beneath the surface. Some have found that their mineral rights were sold years before or that if enough neighbors give permission to drill, they can be forced to join them. Others, who want to test their drinking water for the presence of fracking chemicals, are learning they could be denied access to such information if companies claim it's proprietary.

Commonly referred to as the New Albany shale play, the gas lies in the Illinois basin, a 60,000-square-mile area that encompasses parts of Illinois, Indiana and Kentucky. The U.S. Energy Information Administration estimates New Albany holds 11 trillion cubic feet of shale gas, approximately enough to meet the needs of about 5 million households for 30 years, according to the American Gas Association.

Hydraulic fracturing has been around for more than 60 years, but the modern methods that have led to the shale gas boom were not used until the turn of this century. Unlike vertical wells of the past, modern horizontal wells vastly multiply the exploitable area of a well and involve more chemicals and water.

According to the Colorado Oil and Gas Conservation Commission, about 250,000 gallons might be used to frack a vertical well compared with as much as 5 million gallons to frack a horizontal well.

Southern Illinoisans Against Fracturing Our Environment (SAFE) is one of several organizations and environmental groups that want a moratorium on fracking in Illinois until a task force looks into the risks associated with hydraulic fracturing and recommends what kinds of regulations need to be in place.

The Illinois Chamber of Commerce is among those opposed to SAFE's proposal, which is similar to what New York state adopted with a four-year-old moratorium that has stalled natural gas development efforts.

"There is no energy source that is perfect for the environment or the economy. If there was, we would be using it," Wolf said.

Without regulations in place, a tacit moratorium already exists, Wolf said, explaining that drillers won't go forward with wells only to learn later that they face environmental regulations, new taxes or other unexpected hurdles.

The chamber released a study last month from David Loomis, a professor of economics at Illinois State University and director of the Center for Renewable Energy, estimating that downstate fracking could create 1,000 to 47,000 direct and indirect jobs depending on how many wells were drilled and what level of local resources were used.

Opponents countered that such jobs studies tend to be overly optimistic and don't take into account harmful environmental and quality-of-life issues that could come with fracking.





Read More..

Notre Dame's Kelly taking Eagles, NFL interest to brink









If Brian Kelly and his camp are using an NFL flirtation as a bargaining ploy, they may be pushing it to the absolute brink.

The Notre Dame coach interviewed with the Eagles on Tuesday and has a second meeting with the team set for this weekend, according to a published report. Meanwhile, Kelly continued to confer with NFL people about what it's like to coach at that level, a league source said early Saturday.

Kelly was on vacation the past few days -- though it was not believed to be a European jaunt, as multiple outlets have reported -- and the New York Daily News reported that "the Eagles and Kelly have agreed to revisit talks when he returns this weekend."

Comcast SportsNet Chicago reported that Eagles owner Jeffrey Lurie's private jet is in Chicago, though no specific reason was given. But the NFL Network's Albert Breer may have quashed the notion of a Kelly meeting by reporting the Eagles will interview Seahawks defensive coordinator Gus Bradley on Saturday in Atlanta.

The conversations with NFL folks have been set up via Kelly's camp and began before his interview with the Eagles last week, but a league source told the Tribune they continued into the weekend. It doesn't preclude Kelly's return to Notre Dame at all, but it suggests more than a passing fancy with the idea of coaching at the next level.

There has been precious little in the way of enlightenment from South Bend, Ind., during Kelly's apparent dalliance. And all of it indeed may be a way to strong-arm Notre Dame into meeting the demands of a head coach just a few days removed from a championship game appearance -- a disastrous championship game appearance, but a shot at a title nonetheless.

Athletic director Jack Swarbrick sent word through a spokesman that he would have no comment. There are people close to Kelly who had not been updated about the situation a few days into it, and there are team members who as of Friday night who had not received any communication at all from staffers on the subject.

One person familiar with the Eagles' view of the first interview says there was "strong mutual interest" between the two parties, and the Tribune's David Haugh reported Thursday that Kelly previously had reached out to an NFL coach to see how professional jobs differ from college gigs.

None of that precludes a return to Notre Dame with a new contract and more money for Kelly and his assistants, which for most of the week seemed the most likely scenario -- and still may be -- though the reported second meeting with the Eagles is an intriguing complication.

Notre Dame begins classes on Tuesday and the Irish were believed to have a team meeting of some kind set for Monday. That seemingly would put an imperative on Kelly to make a decision and get a deal done, with either side, within 24 or 48 hours.

The Eagles, meanwhile, had more interviews set with more head coaching candidates into next week. That doesn't preempt a spate of cancellations, of course, if they found their man in Kelly.

bchamilton@tribune.com

Twitter @ChiTribHamilton



Read More..

The Worst ‘Wheel of Fortune’ Player Ever






We realize there’s only so much time one can spend in a day watching new trailers, viral video clips, and shaky cell phone footage of people arguing on live television. This is why every day The Atlantic Wire highlights the videos that truly earn your five minutes (or less) of attention. Today:  


RELATED: Movie and Television Characters Need a Lesson in Talking Trash






If we’re ever on Wheel of Fortune we would hope that we were on with the worst players. In part, because deep down, we know we’d be pretty bad at it—all that pressure, all that Sajak, and Vanna staring at you with her vacant eyes… it’s just too much, really. But even we know Johnny Cash never made a song called “I Have the Wine.” 


RELATED: Proof Ceiling Cat Exists; 295 Movies Bring You ‘Baby Got Back’


RELATED: Behold the Power of ‘Gangnam Style’


Movies? We can explain:


RELATED: The Robot That Performs Gangnam Style Better Than You


RELATED: Catching Kangaroos Seems Pretty Easy; ‘The Dark Knight’ Goes Pee-wee


Oh, broadcast journalists, you may never know the pain of an embarrassing typo, but we don’t envy you. Not even one bit:


And, finally, this video makes us think of the time we were first introduced to after-work drinks. Which is where we will now be going. Enjoy!


Wireless News Headlines – Yahoo! News





Title Post: The Worst ‘Wheel of Fortune’ Player Ever
Url Post: http://www.news.fluser.com/the-worst-wheel-of-fortune-player-ever/
Link To Post : The Worst ‘Wheel of Fortune’ Player Ever
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Jazz world mourns Montreux founder “Funky Claude”






GENEVA (Reuters) – Claude Nobs, who founded the Montreux Jazz Festival nearly 50 years ago, has died after several weeks in a coma following a skiing accident, the festival said on Friday.


The Swiss impresario immortalized by rock group Deep Purple as “Funky Claude” in the song “Smoke on the Water” and who lured the biggest stars of the music world to his festival on the shores of Lake Geneva died on Thursday at the age of 76.






“He died peacefully, surrounded by family and close friends,” said a statement issued by the festival, where Mathieu Jaton assumed his duties as director earlier this week.


Nobs launched the summer festival in 1967 while working as an accountant at the Swiss resort’s tourism office. Over the years, his blend of persistence, patience and charm managed to persuade leading lights such as Miles Davis, Ray Charles, Aretha Franklin and Prince to take the stage at Montreux.


But he often had to meet their whims to coax them along.


“I got Miles a Ferrari for him to drive along the lake, Nina Simone wanted a diamond watch and we found the mineral water that Prince likes in Geneva. We always find a way,” Nobs told Reuters last April during an interview at his beloved chalet.


A former festival employee told Reuters on Friday: “He was a shy man but still managed to negotiate. That was his strength and led him to create something huge.”


Nobs fell while cross-country skiing on Christmas Eve near his chalet in Caux, overlooking Montreux, a property that he shared with his longtime partner Thierry Amsallem, who is in charge of digitalizing the festival’s archives of 5,000 hours.


Last year’s two-week festival, which attracted about 250,000 people, featured sold-out concerts by Bob Dylan, American chanteuse Lana Del Rey and British actor and musician Hugh Laurie.


A musical tribute to the people of Montreux is planned in February, in accordance with his wishes, to be followed by events in New York and London this spring, festival board president Francois Carrard told Reuters.


CHALET PARTIES


Nobs threw legendary parties at his chalet, full of vintage Wurlitzer jukeboxes, flat screen TVs and sophisticated sound equipment. Waiters delivered fine food and champagne around a pool with a breathtaking view of the Alps.


A Japanese kimono worn by Freddie Mercury, a print signed by Ron Wood of the Rolling Stones and a larger-than-life bust of Aretha Franklin were among mementoes on display.


Film director Roman Polanski stopped in on his way to see his wife Emmanuelle Seigner perform at Montreux in 2010. Days earlier he had been freed from house arrest in Gstaad after Swiss authorities said they would not extradite him to the United States to face sentencing for having unlawful sex with a 13-year-old girl in 1977.


Herbie Hancock, Van Morrison, Phil Collins and Gilberto Gil have all been regulars at the festival, whose two venues are the larger Stravinski Auditorium and more intimate Miles Davis Hall.


In the mid-1960s, after his first flight on an airplane, Nobs formed a decisive and lifetime friendship in New York with Atlantic Records executive Nesuhi Ertegun, whose father was a former ambassador of Turkey to Switzerland.


“That first time I met Nesuhi, I had no credentials, nothing, something magical happened,” Nobs recalled in his memoirs “Live! From Montreux”, first published in 2007.


Of the first edition, he wrote: “That first festival was obviously when I had to learn a massive amount extremely quickly – from how you deal with one artist arriving whilst the act from the previous night’s show still hasn’t woken up yet, let alone vacated the suite the incoming band are supposed to be going straight into.”


The Deep Purple anthem which dubbed Nobs “Funky” was written about a fire that burned down Montreux casino during a Frank Zappa concert in 1971.


Despite heart surgery some six years ago, Nobs had stayed on as festival director, a position he shared during the 1990s with American producer Quincy Jones who returns each year from Los Angeles to introduce new talent and refers to Montreux as the “Rolls-Royce of festivals”.


Nobs often joined musicians on stage, playing harmonica, sometimes accompanied by his St. Bernard dogs.


The 47th edition is scheduled for July 5-20.


(Reporting By Katharina Bart and Stephanie Nebehay; Editing by Paul Casciato)


Music News Headlines – Yahoo! News





Title Post: Jazz world mourns Montreux founder “Funky Claude”
Url Post: http://www.news.fluser.com/jazz-world-mourns-montreux-founder-funky-claude/
Link To Post : Jazz world mourns Montreux founder “Funky Claude”
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Former Lab Technician Denies Faulty DNA Work in Rape Cases





A former New York City laboratory technician whose work on rape cases is now being scrutinized for serious mistakes said on Friday that she had been unaware there were problems in her work and, disputing an earlier report, denied she had resigned under pressure.




The former lab technician, Serrita Mitchell, said any problems must have been someone else’s.


“My work?” Ms. Mitchell said. “No, no, no, not my work.”


Earlier, the city medical examiner’s office, where Ms. Mitchell said she was employed from 2000 to 2011, said it was reviewing 843 rape cases handled by a lab technician who might have missed critical evidence.


So far, it has finished looking over about half the cases, and found 26 in which the technician had missed biological evidence and 19 in which evidence was commingled with evidence from other cases. In seven cases where evidence was missed, the medical examiner’s office was able to extract a DNA profile, raising the possibility that detectives could have caught some suspects sooner.


The office declined to identify the technician. Documents said she quit in November 2011 after the office moved to fire her, once supervisors had begun to discover deficiencies in her work. A city official who declined to be identified said Ms. Mitchell was the technician.


However, Ms. Mitchell, reached at her home in the Bronx on Friday, said she had never been told there were problems. “It couldn’t be me because your work gets checked,” she said. “You have supervisors.”


She also said that she had resigned because of a rotator cuff injury that impeded her movement. “I loved the job so much that I stayed a little longer,” she said, explaining that she had not expected to stay with the medical examiner’s office so long. “Then it was time to leave.”


Also on Friday, the Legal Aid Society, which provides criminal defense lawyers for most of the city’s poor defendants, said it was demanding that the city turn over information about the cases under review.


If needed, Legal Aid will sue the city to gain access to identifying information about the cases, its chief lawyer, Steven Banks, said, noting that New York was one of only 14 states that did not require routine disclosure of criminal evidence before trial.


Disclosure of the faulty examination of the evidence is prompting questions about outside review of the medical examiner’s office. The City Council on Friday announced plans for an emergency oversight committee, and its members spoke with outrage about the likelihood that missed semen stains and “false negatives” might have enabled rapists to go unpunished.


“The mishandling of rape cases is making double victims of women who have already suffered an indescribably horrific event,” said Christine C. Quinn, the Council speaker.


A few more details emerged Friday about a 2001 case involving the rape of a minor in Brooklyn, in which the technician missed biological evidence, the review found. The victim accused an 18-year-old acquaintance of forcing himself on her, and he was questioned by the police but not charged, according to a law enforcement official.


Unrelated to the rape, he pleaded guilty in 2005 to third-degree robbery and served two years in prison. The DNA sample he gave in the robbery case was matched with the one belatedly developed from evidence the technician had overlooked in the 2001 rape, law enforcement officials said. He was recently indicted in the 2001 rape.


Especially alarming to defense lawyers was the possibility that DNA samples were cross-contaminated and led to false convictions, or could do so in the future.


“Up to this point,” Mr. Banks said, “they have not made information available to us, as the primary defender in New York City, to determine whether there’s an injustice that’s been done in past cases, pending cases, or allowing us to be on the lookout in future cases.” He added, “If it could happen with one analyst, how does anyone know that it stops there?”


The medical examiner’s office has said that the risk of cross-contamination was extremely low and that it does not appear that anyone was wrongly convicted in the cases that have been reviewed so far. And officials in at least two of the city’s district attorneys’ offices — for Brooklyn and Manhattan — said they had not found any erroneous convictions.


But Mr. Banks said the authorities needed to do more, and that their statements thus far were the equivalent of “trust us.”


“Given what’s happened,” he said, “that’s cold comfort.”


Read More..

The story behind Tribune's broken deal































































At the end of 2007, real estate tycoon Sam Zell took control of Tribune Co. in a deal that promised to re-energize the media conglomerate. But the company struggled under the huge debt burden the deal created, and less than a year later, it filed for bankruptcy.

One of Chicago's most iconic companies — parent to the Chicago Tribune — was propelled into a protracted and in many ways unprecedented odyssey through Chapter 11 reorganization.

On Dec. 31, after four years, Tribune Co. finally emerged from court protection under new ownership, but at a heavy cost. The company's value was diminished, its reputation was tarnished and its ability to respond to market opportunities during its long bankruptcy was constrained.

Tribune Co.'s bankruptcy saga began as an era of superheated Wall Street deal-making fueled by cheap money was coming to an end. The company's tale is emblematic of the American financial crisis itself, in which a seemingly insatiable appetite for speculative risk using exotic investment instruments helped trigger an economic collapse of historic proportions.

Tribune reporters Michael Oneal and Steve Mills, in a four-part series that begins today, tell the story of Tribune Co.'s journey into and through bankruptcy, throwing a spotlight on the key decisions and missed opportunities that marked a perilous time in the history of the company, the media industry and the economy.



Read the full story, "Part one: Zell's big gamble," as a digitalPLUS member.
To view videos and photos and for a look at the rest of the series visit, chicagotribune.com/brokendeal.





Read More..