O'Shea settling in

It looks like LAT Editor Jim O'Shea will be around a while - or as he put it in a memo to staff, "as long as people in the newsroom will have me." He has nice things to say about Sam Zell and notes that a "fresh shot of new thinking is not going to hurt us, along as we remain committed to what is really important, our coverage of the news."

This is a great newsroom with great journalists. I am proud to be your editor. The challenges we face are steep and will likely involve some more pain. But we will succeed. One year, three years, five years from now we will still be producing a great newspaper every day. I will be with you every step of the way.

O'Shea's tenure will depend, of course, on how much Zell chooses to tinker with the goods. So far, the word from Tribune is that CEO Dennis FitzSimons will be hanging on for a while - and perhaps much longer. That would probably secure O'Shea's position. But heck, who really knows at this point? Already, there are rumbles about David Geffen wanting to get at the LAT through some sort of joint venture with Zell. Nikki Finke says that the two guys are Malibu beach buds, and that Geffen has been yapping at Zell about getting his mits on the paper (and presumably dumping a bunch of the higher-ups in the process). Sounds like a bunch of malarkey to me - even though Geffen is chattering to the LAT about wanting to maximize value. We'll be hearing lots of that crazy stuff over the next few weeks and months. Frankly, I'm not sure Zell realizes what he's gotten himself into.

O'Shea memo on jump

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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