If it didn’t happen in Bridgeport you won’t find it in Greenwich Time

So, as noted here yesterday and this morning, Massachusetts has charged Fairlfield Greenwich Group and its principals, including Greenwich residents Walter Noel and his son-in-law, Andres Piedrahita, with fraud in connection with the Madoff swindle. You might think that story would be of interest to general readers who live in town but the best our local daily could do was run a short AP article on page five, half of which was devoted to the charges and the other two halves spent on an FGG spokesman denying everything. No mention of Walter, or Andres, or their outsized salaries or, in fact, anything at all connecting the story to Greenwich. I’d link to the story if it were posted on their miserable, slow loading website but it’s not there. That would be like, you know, news, or something. There is a story on a new train run to Yankee Stadium but I’ll let you find that for yourself.

Protecting the rich? Maybe, but more likely is that, now that Greenwich Time is edited by some fellow in Bridgeport, they don’t know the local papers and wouldn’t recognize a Greenwich story if it bit them in the rear. Or the paper is continuing its pusillanimous history of ignoring the dirt on Back Country residents, take your pick. Any recent stories on Round Hill Bourke’s upcoming bribery trial, by the way?

8 Comments

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8 responses to “If it didn’t happen in Bridgeport you won’t find it in Greenwich Time

  1. Greenwich Time Doubter

    I have another bone to pick with the Greenwich Time. I think the polls that they do on their website are rigged, and I am not being paranoid.

    Every now and then they run a poll that is essentially political, like how do you think Sarah Palin did in a debate, or some such thing. The liberal position ALWAYS outpolls the conservative position. Several times when the poll has gone overnight, I have looked at the site very early in the morning, and the conservative position is ahead, and then within minutes of what I assume is a shift-change at the office, 25 or 50 or even 100 “votes” will appear within a matter of minutes, always for the liberal position.

    I became a bit obsessed with this, and one time I decided to test the system. I logged in a number of votes for the conservative position. At the same time I entered each vote, TWO votes for the liberal position appeared at the same instant, as if it had been programmed to do so. I have thought to call the management to find out who at the paper is at the wheel of these online polls, but then I just figured screw it.

  2. OGRCC

    d00d

    you are paranoid.

    and maybe you spend too much time worrying about this sort of thing. just my thoughts.

    oh and I don’t remember all of the poll questions having “two sides”

  3. Seth Speaks for Noel's FGG

    At least somebody got work out of this FGG mess!

    http://www.linkedin.com/pub/4/148/445

  4. Greenwich Time Doubter

    OGRCC – work at the Greenwich Time by any chance? And almost every political poll they do has two sides.

    • christopherfountain

      OGRCC – I’m with GT Doubter on this one – at least so far as the fact that the “polls’ are clearly concocted by a college-educated grad who was never exposed to ideas contrary to the liberal lockstep. The choices are annoying because, of course, there’s never a free market or small government option. Dumb and dumber, is my take. But I don’t bother answering the idiot things – they just serve as a brief moment of amusement.

  5. Walt

    I applaud the Greenwich Time for not sinking to the trash level of the NY Times!!
    http://news.bbc.co.uk/2/hi/entertainment/7978379.stm

    Off to Tennis!!!
    You Pal,
    Walt

  6. pulled up in OG

    Lots of talk nowadays about decline of newspapers.
    Always mentioned are the internet and decline in classifieds. (Although GT’s items for sale up 10 or 20 fold lately – must be all of Fairfield County now.)

    Greenwich Time’s previous owner:
    “In 2007, legendary real estate investor Sam Zell decided that a talent for good timing in flipping office buildings made him an expert on the ailing newspaper industry. In December 2007, he closed on the $8.2 billion purchase of the Tribune Co., which owned the Los Angeles Times, the Chicago Tribune, and the Chicago Cubs. Zell put down just 4 percent of the purchase price—$315 million—and borrowed much of the rest, leaving the company with a $13 billion debt burden. This deal was the purest expression of the “dumb money” mentality. The only hope Zell had of making a dent in the debt load and keeping current on the $800-million-plus annual interest tab was to sell off trophy properties like the Cubs, office buildings, and big-city newspapers—assets that themselves don’t throw off lots of income but whose purchase requires tons of cheap credit. Tribune Co. filed for bankruptcy Dec. 8, 2008.

    Two of the other large newspaper companies that went bust in recent months have similar back stories. A bunch of private-equity types bought the company that owns the Philadelphia Inquirer and Philadelphia Daily News in June 2006, borrowing about $450 million of the $562 million purchase price. The company filed for Chapter 11 bankruptcy protection in late February . . . The Minneapolis Star Tribune, which filed for Chapter 11 in January, was another private-equity train wreck. About two years ago, Avista Capital Partners bought the paper for $530 million, loading well over $400 million of debt onto the company.

    In other words, the newspaper companies that have failed wholesale were essentially set up to fail by inexperienced managers who believed piling huge amounts of debt on businesses whose revenues were shrinking even when the economy was growing was a shrewd means of value creation.”

    http://www.newsweek.com/id/192138

  7. Walt

    And all this crap about money laundering!! What baloney. Bologna? If i did that, wouldn’t THIS story be about me??
    http://www.nytimes.com/2009/04/03/business/global/03ubs.html?_r=1
    Off to Happy Hour!!!
    Your Pal,
    Walt