Wednesday, August 29, 2012

On My Radar:

The Deal from Hell: How Moguls and Wall Street Plundered Great American Newspapers
by James O'Shea
Public Affairs Books
Trade Paperback

From the publisher website:

The authoritative account of a catastrophic merger of media empires that symbolizes the crisis in American journalism and the challenges faced by the nation's newspapers in the digital age.

In 2000, after the Tribune Company acquired Times Mirror Corporation, it comprised the most powerful collection of newspapers in the world. How then did Tribune nosedive into bankruptcy and public scandal? In The Deal From Hell, veteran Tribune and Los Angeles Times editor James O'Shea takes us behind the scenes of the decisions that led to disaster in boardrooms and newsrooms from coast to coast, based on access to key players, court testimony, and sworn depositions. The Deal From Hell is a riveting narrative that chronicles how news industry executives and editors—convinced they were acting in the best interests of their publications—made a series of flawed decisions that endangered journalistic credibility and drove the newspapers, already confronting a perfect storm of political, technological, economic, and social turmoil, to the brink of extinction.

James O'Shea, once managing editor of The Chicago Tribune and editor of the The Los Angeles Times, was most recently CEO and editor-in-chief of the Chicago News Cooperative. The author of two acclaimed books, O'Shea was a Shorenstein Fellow at the Kennedy School of Harvard in 2009. 

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