After more than a year of reporting from ProPublica Illinois and WBEZ, the mayor announced ticketing changes and said she would support legislation to change state law — beginning to make good on a campaign promise.
Tag: Bankruptcy
Posted inNews & Politics
Overlooked mayoral hopefuls share bold visions for Chicago
They may have little name recognition and no campaign funds, but the regular people running for mayor are committed to making the city thrive.
Posted inBlogs
My Favorite Thing Is Monsters lost at sea—literally [UPDATED]
The release of a debut graphic novel has been delayed by its shipper’s bankruptcy.
Posted inBlogs
Rahm’s latest Wall Street bond deal is a bad deal for the city
The schools get poorer, the lenders get richer, and your taxes go up—thanks to Rahm’s new $725 million loan and a few choice words from Governor Rauner.
Posted inColumns & Opinion
The trip that sank before it sailed
How retired CPS teacher Judy Dever got ripped off of a cruise when Symphonic Voyages went bankrupt
Posted inBlogs
All In the Game
Some of the provisions in the Tribune Company’s reorganization plan shouldn’t be surprising at this point… but are.
Posted inBlogs
I Need a Winn-Dixie Bag Full of Money Right Now to the VIP Section
Bankrupt media company Tribune Co. can pay about $45 million in bonuses to hundreds of managers, the largest such payment in at least 12 years, after a judge overruled union objections on Wednesday. To prevent “demoralizing key employees.”
Posted inBlogs
“I think we’ve finally found the secret phase 2 of the underpants gnomes”*
Two NYT stories, same old BS:
Posted inBlogs
Chicago Public Schools vs… Lehman Brothers?
I wanted to be able to explain this to you, but, um, I have no clue why Lehman Brothers is trying to dun CPS for $1.2 million. The WSJ has CPS’s filing in the case.
Posted inBlogs
The Easoniad
[You will have to forgive me for what may seem at this point like obsessive inside-baseball theorizing about what is, technically, history. But I think it’s kind of an interesting point, especially since media and debt are important subjects to me and, I would argue, to you as well.] In comments yesterday, my colleague Philip […]
Posted inBlogs
Under New Management*
Atalaya wins. More to follow. Here’s the new management. *FWIW, I’m totally ignorant of bankruptcy law, so I don’t know what would happen in the event of appeal, if one should happen. Update: I’m told that an appeal is impossible, so it’s actually over. Ben Eason “said he’s ready to launch a new Web-only community […]
Posted inBlogs
Auctioneering
And we’re off! Creative Loafing Atlanta‘s Thomas Wheatley (whose AAN-award-winning cover story about alcoholism and sobriety is a must-read) is on the scene, and reports that Ben Eason’s opening $2.3 million bid is not facially incomprehensible.
Posted inBlogs
The Crying of Lot CLI
Today’s auction day! Read Michael Miner’s big news about our potential new ownership. I also learned a neat new phrase in this process, facially incomprehensible. I’m just going to listen to this all day and find a nice wall to stare at update if I hear anything: