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Post by steveoncattailcreek on May 4, 2024 1:38:08 GMT
rtraincollector, I didn't get that impression from the Keller post. My impression was he has stock and a pension which will remain. I went through the same thing a number of years ago. The stock was traded two-for-one with the purchasing company (their stock was worth about twice that of my company) and our pensions were taken over by the new company. Part of the agreement was our pensions would not be cashed out and we would keep them - which we did and which are still paying a monthly amount. Moreover, in addition to any negotiated severance agreement, there is an overlay of laws limiting companies' ability to just wipe away their pension obligations by going out of business. I have no idea what Keller may have been able to negotiate before being shown the door, or what the new owners may be required to do by law, but I strongly suspect there may be more to the story than was revealed in the post . . . 
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Post by rtraincollector on May 4, 2024 9:36:00 GMT
I hope so. but it said all assets will be disposed of. So in his case time will tell.
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Post by madockawando on May 4, 2024 10:18:22 GMT
It sounds like CTT will not be continued under the new regime. I'm sorry to see them go and I wish it was OGR instead that was meeting its demise.
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Post by superwarp1 on May 4, 2024 11:13:37 GMT
Clambake is not to blame. The internet killed the magazines. Look at Time, Newsweek, etc. Poof! Sorry to make this political (or maybe not  ) but the demise of those two magazines has just as much to do with them being leftest rags as it it with the demise of paper print. You put out good content the people want to read and you will survive.
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Post by rtraincollector on May 4, 2024 13:39:05 GMT
Bob's latest post,
looks like the tracks titles will have a great future under the new owner. My comments were referring to the Kalmbach Media corporation, ergo it will no longer have a business. The future of the magazines looks brighter than ever.
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Post by dlagrua on May 4, 2024 15:33:04 GMT
Many of the once great magazines have disappeared in print form; ex Better Homes and Gardens, TV Guide, Variety, Good Housekeeping, Readers Digest, Consumer Reports, Popular Science, Popular Mechanics, Railroad Model Craftsman but some now exist online. The internet You Tube, and the smart phone caused print media to decline. When we travel by train in particular I miss reading some of those old magazines and catalogs.
As for Kalmbach Media, it is a large facility and has/had 275 employees. I expect the Kalmbach magazine business to continue under Fireacrown but be greatly downsized . It is almost a certainly that Kalmbach real estate will be sold off and a smaller operation will result.
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Post by dlagrua on May 4, 2024 15:40:58 GMT
It sounds like CTT will not be continued under the new regime. I'm sorry to see them go and I wish it was OGR instead that was meeting its demise. Don't worry about OGR. We just discovered that their "office address" posted here a while ago was a UPS mailing center post office box in Arkansas.
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Post by rtraincollector on May 4, 2024 16:34:19 GMT
It sounds like CTT will not be continued under the new regime. I'm sorry to see them go and I wish it was OGR instead that was meeting its demise. It appears that it will survive just being run by Firecrown Media instead of Kalbach.
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Post by seayakbill on May 4, 2024 19:52:33 GMT
For CTT to survive as a magazine under new management it will have to significantly improve in its content. I dropped my subscription when they went to a quarterly mag.
Bill
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Post by madockawando on May 4, 2024 21:39:11 GMT
It sounds like CTT will not be continued under the new regime. I'm sorry to see them go and I wish it was OGR instead that was meeting its demise. Don't worry about OGR. We just discovered that their "office address" posted here a while ago was a UPS mailing center post office box in Arkansas. Yup, right next to the Tattoo parlor and Chinese restaurant in Bluf Tuck Arkansas. |
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mopac
Full Member
Posts: 142
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Post by mopac on May 5, 2024 0:25:56 GMT
I know people who use UPS mailing center post office box. What's The problem ? It works great for them. Unlike P.O. Boxes, you’ll get a real street address for your very real small business. Receive packages and mail from all shipping carriers. And because running a 9 to 5 business is not a 9 to 5 job, you’ll have 24-hour access to your mailbox at participating UPS Store locations. www.theupsstore.com/mailboxes |
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Post by mrmeep on May 5, 2024 5:01:45 GMT
The loss will be profound!
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Post by rtraincollector on May 5, 2024 12:59:05 GMT
I went to that other site that I'm not allowed to post on but can read. Not a word about CTT being sold, it this also not allowed over there.
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Post by lionelllc on May 5, 2024 16:08:44 GMT
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Post by madockawando on May 5, 2024 17:09:42 GMT
Maybe, but that doesn’t change the fact that OGR is terribly managed site that will ban people for the most arbitrary, secretive and unfair reasons with no accountability as to why or a refund for your subscription. |
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) but the demise of those two magazines has just as much to do with them being leftest rags as it it with the demise of paper print. You put out good content the people want to read and you will survive. 
