SF Weekly, Bay Guardian have same owner
Posted on January 09, 2013 at 23:32 PM EST
SF Weekly, Bay Guardian have same owner Vogt said all three publications will remain editorially independent - "there'll be no blending of editorial" - although the consolidated operations will be moved to the Examiner's offices on Bush Street in the Financial District by the end of the month. [...] reports of staff reductions at SF Weekly were circulating Wednesday, including a tweet from one staffer saying, There will be layoffs here at SFW, in every department, we were told. Clint Reilly, the influential political consultant-turned business owner who vigorously opposed the Examiner-Chronicle deal (Hearst sold the Examiner in 2000 to the politically connected Fang family), said he fully supports the new combine. Plaintiffs include San Mateo County, the city of Richmond and the East Bay Municipal Utility District, which claim the manipulation of the London interbank offered rate (Libor) cost them millions of dollars in interest payments on investments tied to the manipulated rates. [...] listening to reason and the mounting uproar, the board of AIG has told former CEO Maurice Greenberg to take his $25 billion lawsuit against the federal government and stuff it. "In considering and ultimately refusing the demand before us, the board of directors properly and fully executed our fiduciary and legal obligations to AIG and its shareholders," Robert Miller, AIG's chairman, said in a statement. [...] how about making sure that Greenberg, in whose addled universe the feds owe him money for saving AIG and much of the financial world from complete disaster, pays every conceivable court cost for filing one of the most frivolous and insulting lawsuits of all time.