TKC BREAKING AND EXCLUSIVE NEWS!!! SHOCK!!! INSIDER REVEALS CONFLICTED PLAN FOR THE KANSAS CITY STAR TO ASK MAYOR SLY FOR MORE TAX BREAKS!!!



Today, we realize once again that there are SOME VERY BRILLIANT people reading our humble, jokey and newsie goodness and we thank Kansas City for helping to create this LAST REMAINING LOCAL FREE SPEECH ZONE which is greater than the sum of its parts.

To wit . . .

RIGHT NOW A KICK-ASS TKC TIPSTER REVEALS THE TRAGIC DEAD TREE MEDIA PLOT IN THE WORKS WHICH HOPES TO WIN MORE TAX ABATEMENT AMID A CONFLICTED RELATIONSHIP WITH MAYOR SLY JAMES THAT PRETTY MUCH VIOLATES EVERY JOURNALISTIC STANDARD IN THE BOOK!!!

Kinda like a blogger.

But I digress . . .



The VIVID DESCRIPTION of this big money plot explains and ASKS IMPORTANT QUESTIONS about Kansas City Dead Tree Media coverage amid a faltering bottom line and questionable closeness to a this town's top politico. This is one of the most important perspectives we've published which reveals a great deal of info and demonstrates our blog community looking out for local taxpayers while the dying newspaper struggles to keep their dying biz model afloat.

Here's the word:

Until now secret backroom deal proposed between the Mayor and the STAR

A heads-up on an ongoing and amazing story of backroom deals, greed and political influencing that the STAR has taken great steps to keep very quiet. As you may recall, when the STAR's new plant was built around 10 years ago, they were given a 10 year tax abatement that gave them as much as $13 million in government subsidies. At the time, given the tremendous amount of criticism, they promised they would NOT be back to ask for any more taxpayer funded handouts. Well, that was then, and this is now. Behind the scenes, the STAR's publisher and staff have been secretly meeting with the Mayor's office to orchestrate a deal that would give them an additional 15 new years of taxpayer giveaways that could nearly TRIPLE the total amount of tax dollars they are taking to almost $30 million. Why lobby secretly with the Mayor alone? Because he alone appoints, and controls, the majority of the members of the TIF Commission. A commission that can unilaterally vote to give the STAR the money. Predictably, the Mayor nearly fell over himself to commit the money to the STAR as he saw the opportunity to own them through bought influence.

Clearly, this is a classic journalistic conflict of interest for the STAR's publisher to be negotiating a $20 million dollar gift from the Mayor, all while still very generously covering him. "Covering" him in ways that has reached the level outright advocacy. A few questions: Has the STAR's historic and eye-brow raising puffery for all things Sly in any way been influenced by the knowledge that they were, or would be, lobbying him for the extra $20 million? And that he alone could decide whether they got it? All of this adds important context to Vockrodt's Pitch article where he puzzles over the reasons for the STAR's recent outright and historic campaigning for SLY when he wrote:

"If you want to criticize Sly James, you will have to answer to Yael Abouhalkah"

Also note, that the STAR has already begun to internally game plan for how they will publicly create the appearance of objectivity within their paper. Wait for it........Yael, yes, Yael has been tasked by the publisher with the job of writing pieces that will hypocritically question their TIF, all while the paper accepts the free taxpayer money. Its reminiscent of the members of congress who bi-annually take the stage to criticize their pay raise, all while cashing their checks.

This is very delicate, and potentially damaging, to the reputation and purported independence of the paper of record. Once something like this goes public, it has the potential for long term damage. Below are some interesting and thought provoking excerpts from the STAR's own ethics code published on their website. Is the city or mayor ever a "source"? Of course. If so, would they STAR getting $20 million in taxpayer cash through the Mayor's TIF Commission possibly be considered a business deal or relationship? It would sure seem so, and thus would be BARRED by their very own ethics code. At a minimum, it sure looks bad to the point of near corruption of process. Here's just a few excerpts:

"If we expect readers to view us as credible, then Star editorial employees must aggressively seek and fully report the truth while remaining independent and free from any legitimate suggestion that their independence has been compromised. Refrain from reporting on or making news judgments about organizations that they, or family members, have a significant involvement with.

- Should not enter into a business relationship with a source.

- Should not work on stories about enterprises in which they have a financial interest. Any newsroom staff member, including news editors, with an investment in a business shall not make news decisions involving that business."

Here's what I know. Nobody but this BLOG has the balls to call these people out on their disgusting greed, hypocrisy, and borderline criminal influence peddling. All this while I watch people sleeping under bridges as I go to work every morning. Could that $20 million be put to better use than to line the pockets of the STAR, and buy influence for politicians? The STAR needs to honor its commitment and walk away from their new effort to squeeze more money our of the poor taxpayers of KC. There are more layers to this story, but I will stop here for now . . .
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Comments

  1. And

    Dayum.

    Seriously, this is the only reason I have wanted to real Yael in years.

    ReplyDelete
  2. This is particularly comical for a newspaper and editorial board that regularly wets its pants with excitement over the "downtown renaissance" in KCMO.
    Downtown is a taxpayer-subsidized amusement park for 20-something year olds...completely unsustainable without tens of millions of public money dumped into bond payments and TIFs each and every year for decades.
    Comrade Potemkin would be proud!

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  3. William Allen Whitey11/6/14, 4:15 PM

    The problem with these damn tax breaks is that its the citizen tax payers that have to make them up out of their pockets. Just like that stupid sales tax break day in Missouri - No one is getting a break at all. Unless the Star is going to create a few thousand jobs I suggest they get a clue and shut down shop. it ain't like we wont be just fine without them.

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  4. KC Star = Liberal Democrat. AKA hypocrite.

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  5. i can't comment on kansascity.com because i don't use facebook or i would, but someone should spam this blog entry on every story @ kansascity.com. if you do it email me @ tkcspamsthestar@yahoo.com and i'll send you a bitcoin. thats $349 for anyone that was wondering.

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  6. If this happens I will stop taking the KC Star. I get tired of giving money away to groups that can't support themselves.All this while our neighborhoods go without city services.

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  7. Nice catch Tony.

    The KC Red Star has never been am unbiased source of news in this city.

    The Editorial Confederacy of Dunces, when taking a break every now and then from White Guilt screeds and paeans to Emmit Till, is a shill for every tax and spend pipe dream our Liberal city leaders can think off.

    At least when they are engaged in the apotheosis of street thugs and grifters they are not costing us money.

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  8. well golly it's super fun to quote the ethics code of editorial employees and confuse that with a business decision, but I can see how, if you were retarded or something, you might make that mistake.

    but reporters aren't at city hall negotiating tax breaks for The Star.

    and yeah some people really hate The Star so what else is new

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  9. Now to each of you councilmembers please remember that The Star will be endorsing candidates in next years municipal elections, so think about that before you vote on our place at the public tit.

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  10. STAND and be BRAVE, candidates!

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  11. 449 and what public good is the Star serving that makes them worth a tax break? Thats right none. Though I won't lie I made money of Mclatchy when it was below $3. And i sold at $3 because the market metrics don't support a price above $3

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  12. "but reporters aren't at city hall negotiating tax breaks for The Star."

    BWHAHAwahahahahahahahahahahahahaha!!!!!!!!!!!!!

    Please Yael, tell us another one. In all of these years I never realized you had such a great sense of humor.

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  13. The Star = Worst newspaper in the Midwest.

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  14. The Star keeps churning out biased, opinion laced pieces for the City and this Mayor in hopes that mass broadcast of his "accomplishments" will help him win an election. This is so obvious only a dead man would not recognize it. Sure, that type of coverage and cheer-leading comes at the expense of quid pro quo. Pay-to-play is the name of the game. Welcome to Detroit!

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  15. 11:49 You must not be so smart. Lynn Horsely's office is positioned right on the 26th Floor of City Hall. Each and every article that moron writes has a glowing report about the City and it's staff. She even touted Ed Ford as an attorney -- for Christ sakes! She is not lucid at all in her writing or thinking. Ed Ford is a politician for a reason and it ain't because he's a world renowned lawyer. Real lawyers have no interest in holding a political office because they make plenty of money privately - lawyers who seek political office lack talent and use the prestige of having a law degree as a means to another end.

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  16. Who will run against that Sly?

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  17. I have noticed how in the tank the Star has been for Sly and, for the life of me, couldn't figure our why Yael and the staff had become his press agents. This makes total sense. If this happens, they should all resign in shame. Disgusting people.

    ReplyDelete
  18. McCLATCHY IS DROWNING IN DEBT!!!!
    With 10-year Treasuries currently yielding 2.39 percent, read below to see why McClatchy is desperate to extricate themselves from paying 9 percent for borrowed money.

    Who gets sold off next? Fort Worth, Sacramento, Miami, or KC?

    Form 8-K for MCCLATCHY CO (parent of The Kansas City Star)

    5-Nov-2014

    Entry into a Material Definitive Agreement

    Item1.01. Entry into a Material Definitive Agreement.

    On November 5, 2014, in privately-negotiated transactions ("the Transactions"), The McClatchy Company (the "Company") entered into agreements (the "Purchase Agreements") with Chatham Asset Management, LLC and Leon G. Cooperman and Omega Charitable Partners, L.P. (together, the "Sellers") to repurchase approximately $259.35 million in aggregate principal amount of its 9.00% Senior Secured Notes due 2022 (the "9% Notes") and approximately $150.0 million in aggregate principal amount of its 5.75% Notes due 2017 (the 5.75% Notes) for a total amount of $459.5 million in cash, plus accrued and unpaid interest.

    The Transactions are subject to a condition that no more than $95.5 million of the 9% Notes are submitted in the Company's current asset purchase offer ("Offer") for the 9% Notes by November 12, 2014, the expiration date for the Offer. If more than $95.5 million of the 9% Notes are submitted in the Company's current Offer, the amount of 9% Notes and 5.75% Notes subject to repurchase in the Transactions will be reduced ratably for the amount in excess of $95.5 million.

    The Company anticipates that the closing of these repurchases will occur on November 13, 2014.

    The Company will file the form of Purchase Agreement with its annual report on Form 10-K for the fiscal year ending December 31, 2014.

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  19. Vote Them All Out11/6/14, 8:15 PM

    Shame on shitty KC and its newspaper.

    ReplyDelete
  20. The Star used to be a really good paper. I figured all papers had gone down the toilet, but I was recently in a similar-sized Midwestern capitol city and home to a good size university, and I was amazed. There was actual reporting, good local coverage, and a real estate section on the weekends with honest-to-goodness ads--and lots of them. I felt like a time traveler. I didn't know there were still papers like that out there.

    And then I came home.

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  21. After climbing up the steep mountain all day, I approached the cave opening to seek the wise man's counsel....and I'll always remember the measured words from the oracle:


    "Journalists who print in glass houses shouldn't throw TIF's with subscribers who have stones."

    ReplyDelete
  22. TIF doesnt issue tax abatements, PIEA does. Getit straight.

    ReplyDelete
  23. The uber-lib Star did big pimpin' for all the liberal Democrats

    now they want their payoff

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  24. So wait, Yael (the self ascibed smartest man in KC) is wrong, Sly James DOESN'T walk on water???

    ReplyDelete
  25. The Star compared to other papers in this country is shit paper. That why reporters/writers from the Star have shit websites like KCC to harp their words because nobody else will hire their loser shit writing asses.

    ReplyDelete
  26. http://www.mcclatchy.com/our_markets/

    Link to a map graphic showing McClatchy newspapers, and what immediately draws your attention? That's correct! They're concentrated in the Southeastern region and the West coast. The Kansas City Star and Wichita Eagle sit conspicuously in Mid-America.

    Concentration brings efficiencies, while stand alone operations must perform strongly or be shed.

    Why would the Star have reduced headcount so much unless they're slowly moving toward a sale?

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  27. And what did the McClatchy folks fire John Beaudoin as their Editor of Lsjournal? Anyone?

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  28. not sure why sly wants to continue to be mayor. It is a tough job. Lots of folks defend him besides yael.

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  29. There mu$t be a rea$on $ly would run again, 621. Think about it.

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  30. Great Newspaper Meets its End Drowning in Slime

    (This story reinforces the reality that people in this town who want to really know what's going on find out by reading TKC)

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  31. I have no doubt the star will investigate itself and print its findings. And Santa will come early this year. And it will be warm this winter.

    ReplyDelete

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