Tribune began withholding payment of April, May and June rents at a"majority of its facilities and requested rent relief." By June 28, it had reached deals to terminate four additional leases, and other leases are still being negotiated, according to the filing.
The pandemic has exacerbated existing issues within struggling industries and forced companies to cut costs wherever they can. In addition to layoffs and pay cuts, companies are reevaluating costly leases for office space that sits empty as workers continue to work from home indefinitely. In retail, brick and mortar stores have long grappled with increased competition from online shopping, and some recently announced permanent. As coronavirus continues to force non-essential businesses to stay closed, numerous stores, restaurants and local businesses have closed locations permanently.
For local newspapers, pressure from the pandemic combined with the increased push toward digital distribution and the ability to successfully have employees work remotely without expensive leases, could signal the end of their traditional newsrooms.
I WOULD B ASHAMED TO WORK FOR FAKE NEWS GOOG RIDDANCE
Maybe they could learn to mine for coal or pick apples
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