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by roguas 914 days ago
How do you dismantle profitable business?
1 comments

Well, for example, when I worked at the Baltimore Sun, the owners at Tribune Media sold the already owned outright headquarters of the Sun, the LA Times, the Chicago Tribune, etc. and has us all lease office space from somewhere else instead. This is an insane business decision. No one who wants to keep a business alive would think to replace a money making asset (just lease out the other floors of the building) with a money losing ongoing expense. But it gives you one quarter of extremely high profitability in exchange for lower profits for the rest of time, so they did it.