The Orange County Register's parent company, Blackstone Group, said Red money is good money May 22 as they accepted $3 billion from its newest partner, the Chinese government, according to reports from several news agencies. Blackstone Group is a private equity firm that owns 28 daily newspapers and 37 weeklies in 11 states under its subsidiary Freedom Communications. Talks have already begun about finding a less ironic name for the chain, leading some to suggest "Pander Express," according to r
"Breaking" news in its "Newspaper Deathwatch" category: Media Bistro reports Orange County Register employees are unsure whether to take the buyout currently being offered or risk having future buyout offers lowered:
Nervous staffers at the Orange County Register had been considered asking for voluntary layoffs this week, after news spread that future layoffs would include less generous severance packages. (Currently, staffers are offered to two weeks' pay per each year worked.)
But when sta
