Outta everything

In keeping with the falling value of newspapers nationwide, McClatchy's estimated value of its share of The [Seattle] Times has been eroding steadily. McClatchy acquired the Times share when it bought Knight Ridder in June 2006. In 2006, McClatchy valued its Times investment at $102.2 million. At the end of 2007, the value had fallen to $19.3 million.



The McClatchy Co., which owns 49.5 percent of The Times, has again cut the value of its share of the Seattle newspaper company -- this time to nothing. link

County Fair (and balanced, red mascara snake)

County Fair - the newly minted Media Matters blog of mediacrit - just arrived is up and at 'em:

The Times says MSNBC "turns left" -- but somehow forgets to mention that former Republican congressman Joe Scarborough hosts a show on MSNBC. Or that the channel is home to Pat Buchanan. And the paper avoids any mention of sexist commentary from Chris Matthews and other MSNBC figures.

It's by Eric Boehlert and Jamison Foser. NYT, CNN, Time, Fox and sundry other faerilyunbalanced asshatic elites will surely be glad.