Showing posts with label Sonoma. Show all posts
Showing posts with label Sonoma. Show all posts

Thursday, January 3, 2013

Sonoma Valley's Elementary Schools Are Better Than Ever?

Prestwood Elementary
As most parents are unsurprised to learn, almost all students in California's elementary schools are tested annually.  Based on those test results, every school is assigned an Academic Performance Index score (API) from 1 to 10.  Those scores are available on the Internet. Google's taken that data, and has integrated it with a web application called the "Google Public Data Explorer."

I have a 5-year-old daughter starting kindergarten in 8 months.  Our neighborhood school is Sassarini, in the Sonoma Valley Unified School District.  I've used Google's service to make some graphs of the performance of Sassarini in the state rankings over the last decade.

Statewide Ranks of Sonoma Valley,
Kenwood, and Rincon Valley Public Schools
"Education Statistics of California,"
Google Public Data Explorer

Sassarini starts at a 6 when I bought my home in 2004, but as of 2011, it has declined to a 1.  The drop in apparent quality isn't limited to Sassarini -- all the rest of the schools in Sonoma Valley show the same decline.  Even Prestwood, generally considered the best public elementary school, has dropped from a 9 to a 6 in that time period.

For comparison's sake, I reviewed the condition of the schools north of Sonoma Valley -- the schools in Kenwood and Rincon Valley.  None of those schools is below an 8 on the statewide rankings. Austin Creek, the closest Santa Rosa school to Sonoma Valley, is a 10.

Given the relative decline of the Sonoma Valley elementary schools in statewide rankings, I'd therefore expect that students at Sassarini who are similar to my daughter will, in general, score lower over time on standardized tests.

API, White Ethnicity, Sonoma Valley Public Schools
"Education Statistics of California," 
Google Public Data Explorer

But the data says I'm wrong. The graph on the right demonstrates the API score for each school in Sonoma Valley, for the "white" ethnicity.  Flowery's at 843, Prestwood is at 840, and Sassarini is at 823.

These are essentially equivalent scores, and all of them exceed state requirements. And all are higher than they were a decade ago.

I realize there are a number of reasons that the ranking can decline while the API score for a particular subgroup may remain the same -- for instance, if there is a significant change in the population of the schools. But a change in the makeup of the student body does not strike me as supporting the conclusion that the quality of the schools has declined. If anything, the data indicates that the elementary schools -- all of them -- have improved ...

Thursday, December 6, 2012

Where Newspapers Are Headed ...

The Economist took at look at the newspaper industry this week.  They touched on their article from 2006, which noted the dire future of the industry (a prediction that has come true). However, their evaluation is that the future looks less grim six years on, mostly due to the advent of paywalls.

"News Adventures"
The Economist, December 8, 2012
available at http://tinyurl.com/az8vcfv
The unusual feature of newspapers, like most media, is that they have been counter-majoritarian in the past. An editor would undertake a campaign that was unpopular, and change the minds of his readers -- often if not always to the betterment of the community.  Businesspeople took note -- a successful but unpopular corporation could use the same vehicle to burnish its reputation through a media campaign -- or, better yet, avoid that problem entirely through careful advertising over time.  This created an economic link between local business and the paper, which had significant consequences.

The close connection between local businesses and a newspaper built on advertising meant many small towns had an essentially conservative institution that nonetheless valued ideas and the importance of the 1st Amendment.  The small town newspaper could therefore be an important bulwark against insularity and parochialism across the United States.

The new economic model, though, is different; it is based on subscriptions, not advertising.  The newspaper must now cater to its readers to a greater degree, and potentially their prejudices.  The Economist points to the future of newspapers as being similar to the future of radio, in a somewhat unconcerned fashion.

It is understating the matter to suggest that there are merely "critics" of the changes to radio.

Of course the counter-majoritarian feature of media in general has not gone away; the reasons businesses need to reach customers have not changed, merely the vehicle has (Google or Facebook, instead of the New York Times). However, there is a greatly diminished local element to such technologies -- one of the cast of characters in a small town, the  newspaper editor, has no analogue for a web site.

This has happened in other industries -- the local banker has been replaced with a Director of Business Development dispatched from the city, and a nurse-practicioner working at a distant HMO's facility substitutes for the local GP. The services (banking, health care, advertising) are perhaps provided more economically, but the open question is whether the community is diminished when its most powerful, insightful, and respected members, the banker, the editor and the doctor, are subjected to new economic pressures from unexpected directions. The radio model, thus, should be cause for concern for newspapers -- it may be more a poisoned chalice rather than a magical elixir.

Wednesday, December 5, 2012

Sonoma County vs. Odessa, Texas.

I was thinking this morning about a Press Democrat article from February of this year, which discussed high school athletes who received scholarships from Sonoma County.  The striking element of the story was the number of female student-athletes receiving scholarships to play college soccer.  Fifteen (15) seniors signed letters of intent to play women's soccer at the college level.  By way of contrast, there was only one Division I football scholarship offered, and that was to attend an FCS school, UC Davis.

"High School Girls Soccer Reigns on National Signing Day"
 Howard Senzell, Santa Rosa Press-Democrat, February 1, 2012
Available at 
http://tinyurl.com/bx3vxwg 
In Sonoma County, the importance of women's soccer is almost a given for the County's 488,116 residents, so this outcome isn't considered too unusual.  However, if football and soccer scholarships were evenly distributed across the country, you'd expect Sonoma County to generate seven (7) D1 football scholarship players every year, but only 3-4 women's soccer scholarship players.

Sonoma County's lack of D1 football players isn't necessarily that surprising -- the county is relatively remote, and Northern California's football culture is more concentrated in Sacramento and the East Bay.  While there are good athletes here, this isn't a place like San Diego, with great athletes across the board.  Scouts thus come to the area infrequently, so a D1 player on the bubble is less likely to be noticed here, even when that caliber of athlete exists.

The reason the football data is interesting, though, is because it disproves the "San Diego" model.  Sonoma County isn't like Contra Costa County, where the success of Danville and San Ramon in soccer is complemented by the football prowess of De La Salle. If that rule were true, you'd expect almost no women's soccer scholarship athletes to come out of Sonoma County.

Expected County Population1 D1 Football Scholarship.
Instead, of course, the truth is the opposite.  There is something quite unusual about Sonoma County and women's soccer, statistically speaking.  I suspect this is the most uneven distribution in this direction between the two sports in the United States.  To put the distribution in perspective: 
  • A normal county that produces only a single D1 football player is about 117,124 people, or somewhere between the size of Humboldt County (134,623) and Mendocino County (87,553), the 35th and 38th largest counties in California.
  • However, a normal city that produces 15 women's soccer scholarships is about 2,017,830 people, or somewhere between the size of Houston (2,145,146) and Philadelphia (1,536,471), the fourth and fifth largest cities in the U.S.
Of course, you'd kind of expect there to be a women's soccer magnet somewhere.  You know, the equivalent of, say, Monongahela, Pennsylvania. Or, perhaps, Odessa, Texas.

If there is, it looks like it might very well be Sonoma County, California.

Tuesday, November 27, 2012

Prof. Shaun Martin & 5th St W.

Shaun Martin -- great job, good education, probably 
a nice family. At least he's balding.  
Shaun Martin's a nice guy. I don't know him personally, but I do have evidence to support that fact. Shaun teaches law at the University of San Diego, which should make anyone dislike him as a threshold matter due to pure jealousy.  However, Shaun drags himself nearly daily away from his splendidly magnificent career choice to maintain a blog where he reviews the latest (when I say latest, I mean "last few hours") decisions from the California Courts of Appeal, and the 9th Circuit.  He usually picks out one case, links to the opinion, and explains (very briefly) an interesting or useful point the case illustrates.  Sometimes it's a technical civil procedure point, sometimes it's a nuance of criminal law, and sometimes it's an example of lawyers behaving (very) badly.  It is consistently interesting and very useful as a legal research tool.

Back around Halloween, Shaun picked up on a case from the California Court of Appeal entitled Tuolomne Jobs & Small Business Alliance v. Superior Ct. (Cal. Ct. App. - Oct. 30, 2012). The case concerns projects that are approved by the voters in a voter-sponsored initiative, which are exempt from having to prepare an environmental impact report.  So far, so good.  As some California political types are doubtless aware, that procedure's been used by business (Wal-Mart is an example) to an increasing degree in California, where paid signature gatherers get fifteen percent of the voters sign a petition supporting their construction project.  City Councils, instead of putting the measure on the ballot, then adopt the initiative as a statute in lieu of an election.  Question -- do you still get out of the environmental impact report then? The Tuolomne Jobs court says "No."  Shaun thinks the California State Supreme Court will take this one up (and he's probably right, because this is a big deal), and will probably adopt the Tuolomne Jobs opinion, which will diminish (but I doubt stop) the business-oriented use of the local initiative process.

No appeal has yet been filed, but I suspect it will be coming in the next thirty days. Nice catch, Mr. Martin.

The availability of an initiative, from a Sonoma perspective, came to my mind because of what's taking place at 5th St W at Studley.  The Sonoma Index-Tribune did an outstanding writeup on the City Council's meeting, which included a statement from the (outgoing) Public Works director stating that the City of Sonoma "believes existing conditions are safe” and expressed the belief that no structural changes “can make them safer," but at the same time stating that there is reasonable cause to evaluate the intersection further through a new traffic study. The Council did not commission a new traffic study (yet) despite the statement from the Public Works Director that such a new study is reasonable. It may very well be that the City Council is waiting until its newly elected members are seated in December before tackling this issue -- but this is not something that should go very far beyond then, and it's nice to know that something like the initiative process is available in a worst-case scenario if the City persistently fails to act.

Friday, November 23, 2012

Sonoma County vs. Welwyn Garden City.

Levittown, Pennsylvania, 1959
available at http://tinyurl.com/cw3gs3
Sonoma County is relatively proud of its planning heritage; Rohnert Park, south of Santa Rosa, was founded at the same time as the Levittowns, and was marketed as a new middle-class city.  Occasionally, local cheerleaders will refer to it as the first planned city in the United States, which flies in the face of history but which locals generally regard as a mostly harmless bit of boosterism. I say "mostly harmless" because Sonoma County's self-imagined role as a trailblazer means it tends to miss the fact that its problems are predictable ones that have occurred elsewhere.   

For a time when I was in the 4th grade, I went to the Templewood School, in Welwyn Garden City, Hertfordshire, England. For someone from Sonoma County, California, this was an interesting experience, for a host of reasons. One reason, though, that I didn't realize until much later, is that Sonoma County's general plan (consciously or not) has been, is, and will be modeled on the garden city movement, and Welwyn Garden City is one of the movement's best examples.
"Do we all dream of life in a garden city?"
The Telegraph, November 22, 2012
available at http://tinyurl.com/adnyfcj

The Garden City movement was really inspired by a single novel -- Edward Bellamy's Looking Backward.  The details aren't germane to this post, but Looking Backward describes what today would be called a socialist utopia. Sir Ebenezer Howard took those ideas and ran with them, and decided that creating the world Edward Bellamy described meant that planned, self-contained communities, surrounded by greenbelts, should be created.  These cities would have approximately 30,000 residents, and would contain proportionate areas for residences, industry and agriculture. Howard envisaged a cluster of several garden cities as satellites of a central city of 50,000 people, linked by road and rail.

Garden City Diagram
As socialist utopias, the garden cities were something of a failure; property values tended to rise, and blue collar workers were forced out in favor of middle class families.  Industry and agriculture would thus suffer due to higher labor costs, and they moved out, too.  The garden city ended up becoming a garden suburb, built around transport (roads, and importantly railroads) that connected it to a nearby city where its residents work during the day -- which ultimately made the garden suburb economically dependent, undermining the whole point of the movement.

Sherradspark Wood
available at http://tinyurl.com/bbgul8s
Sir Howard's first such city, Letchworth Garden City, was thus a modest economic success, if not much of an immediate political one.  It was followed by Welwyn Garden City.  Howard's disciples sought to make Welwyn even more beautiful than Letchworth, and as a former resident, I can tell you, they succeeded to an amazing degree. As a fourth grader, I remember walking through small wooded areas, and then through winding, calm, pleasant neighborhoods on my way to Templewood. The school itself backs up on to Sherradspark Wood, which is something right out of the Lord of the Rings.  Those rare times I rode in a car, the enormous, green open spaces left an indelible memory -- I still remember the view along the city's Parkway, which I (much later) learned is considered one of the finest urban vistas in the world.

Parkway, looking south, Welwyn Garden City
 available at http://tinyurl.com/be9lty8
The unintentional economic success of the garden cities was not missed by the denizens of Whitehall.  In the aftermath of the Second World War, they embarked on a program of creating new towns, which, for an American audience, is something like the English version of Levittown.  Of course, Levittowns are not socialist utopias.  But the irony is that cities designed to be socialist utopias ended up being exactly what the U.K. middle class was looking for (Welywn Garden City itself was "back designated" as one of the new towns).  The garden cities' successors, whether new towns or Levittowns, reflect the same design aesthetic that made Letchworth Garden City and Welwyn Garden City popular -- which brings us back to places like Rohnert Park, California.

The basic problem of the garden city movement didn't go away just because American developers began using it.  American planned communities, due to their amenities, landscaping, and design proved very attractive to the middle class--the working class rarely even got a foothold.  Those new middle class residents commuted, and thus the planned community became ever more economically dependent on transport links. In Welwyn Garden City, this was no problem -- the city's rail station, on the East Coast Main Line connecting London to Edinburgh, heads straight into King's Cross (20 miles away), where it's (from a Sonoma County resident's perspective) easy to get anywhere in London in short order.

Sonoma County isn't on the U.S. equivalent of the East Coast Main Line.  It's on the Northwestern Pacific, which, by way of contrast, was shut down by the U.S. Federal Government in 1999.  Sonoma County has nothing like Bay Area Rapid Transit (BART), which the eastern part of the San Francisco Bay Area uses to emulate the success of Welwyn Garden City's access to the East Coast Main Line. Sonoma County's main roadway, US-101, had, by the mid 1990's, become chronically jammed by traffic. Economically, the structural weakness this created was concealed (to a degree) by the consequences of rampant real estate speculation and asset price inflation.  When the housing market crashed, the economic prerequisite necessary for the success of a garden suburb, excellent transportation links, wasn't there, and Sonoma County's unemployment went from 2% to 11%.  Other parts of the Bay Area, with high quality transportation, weathered the storm better.

SMART Line under Construction
Press Democrat, August 30, 2012.
available at http://tinyurl.com/9wkfkaj
 Due to the lack of rail transport, Sonoma County has become nearly entirely dependent on roadways and cars. The roads are now in the worst condition of any in the San Francisco Bay Area, and inter-county travel by cars is one our most significant sources of greenhouse gas emissions. Sonoma County is backing into the railroad solution; it has begun construction on the Sonoma-Marin Area Rail Transit (SMART) line. The surprise, perhaps, though, is that the solution is fifty years "after the fact," so to speak.

There are other interesting questions that spin off of the initial premise that Sir Howard had in founding Letchworth and Welwyn Garden Cities.  The unintended consequences of applying an urban design model built upon the premise of utopian socialism has broader effects than merely kicking Sonoma County in the teeth economically over the last ten years -- but those are other posts for other days.

Friday, November 16, 2012

25,982 Reasons Why Pedestrian Deaths On 5th St W Are "Statistically Significant."

"Searching for Answers on Fifth Street," Sonoma Index-Tribune
November 16, 2012
available at http://tinyurl.com/clu7jc8
Two people have been killed at the same intersection near my home in the last seven years. My city government believes that two deaths in that time period at the same intersection are not statistically significant.  My local paper instinctively senses they're something amiss despite the city's assertion. Guess what, Sonoma Index-Tribune? I think you're right, and pro bono publico, here's what I think the problem is with the city's argument.
"Busy" Intersections in Sonoma.

To set the scene for non-local readers, I live in a relatively small town, Sonoma, California, with about 10,000 people (10,741, according to Google). Per the National Highway Transportation Safety Administration, there are approximately 1.73 pedestrian deaths per 100,000 population in the United States per year.  21.2% of these deaths happen at intersections.  I've looked over a map of Sonoma, and there are a lot of intersections; but I've tried to count only the substantial ones -- I think there are 29 (the list is on the right).  Please note that if I were more conservative, and counted each intersection, it would only make the chances of a second fatality at the same intersection less likely.

Thus, I think the chance of a pedestrian fatality at any given intersection, if the intersections are roughly equally dangerous, in any given year, to be a relatively straightforward application of the multiplication rule -- it's (1.73/100000) * 10,741 * 212/1000 * 1/29, or 1 in 736.  Long odds - you'd have a better chance of drawing a full house in a single draw of the cards at poker.

OK, but what are the chances of getting another pedestrian fatality at the same intersection within seven years? My old statistics book from Berkeley came in handy here -- it's an application of the binomial formula.  The formula is on the right; the binomial function from Excel made calculation pretty straightforward.  The chances of another pedestrian accident happening at the same intersection, if the intersections are equally dangerouswithin seven years, is 1 in 18,518 25,982.  It's not quite as hard as drawing a straight flush, but it's pretty close.
Freedman, Pisani, Purves & Adhikari
"Statistics, Second Edition," p.241.

It's unlikely that Sonoma was so unlucky. Instead, it's more probable that the intersection in question is vastly more dangerous than normal. Indeed, 1 in 25,982 is somewhere between a 4σ and 5σ event; mere "statistical significance" usually requires only 2σ (95%), and anything beyond 3σ is typically "highly significant."

But of course, I am no statistician, and this is all the work of an amateur. The problem is that the City staff aren't either, and I suspect they're even worse at it than me. The City shouldn't be saying something is statistically insignificant without talking to someone who has the education and experience necessary to determine that fact. This isn't a $30,000 study, it's something a grad student from UCB can handle in an afternoon. The City needs to do the work to prove this is merely bad luck, and judging by the staff report, they simply haven't.

Spreadsheet with formulas.
The I-T knows there's an issue here--for instance, they have been raising hue and cry about installing sidewalks in the Boyes Hot Springs area, based on the argument that pedestrians aren't safe (and they're right).  The hard question, though, is whether the I-T, given the economic vise the newspaper industry has been placed in, still has the resources to challenge arguments like those advanced by the City, that in incidents of these types that "the pedestrian or bicyclist was the party most at fault."  Personally, I think the I-T is on the right track, and I say, please keep pushing, because the voters are depending on you to do so, to keep us informed.  And public safety depends upon you making sure our government isn't just hand-waving in response to citizen concerns -- our officials need to do the math to prove their points, and need to show us the results.

Updated 4:55 PM Saturday, November 17:  The odds of two deaths in the same intersection in 7 years were updated to reflect the 21.2% NHTSA figure, rather than 25%.  Further, John Capone, the writer for the Index-Tribune, pointed out in his article that Beatriz Villanueva was killed in the same intersection in 1996.  The chances of three pedestrian fatalities in 17 years occurring at random at the same intersection under the assumptions detailed above is 1 in 597,956. By way of comparison, the chance of drawing a royal flush in a single hand of poker is 1 in 649,739.

Thursday, November 8, 2012

Should we stick fuel cells in our fireplaces?

Sonoma's a bit smoky today. Gianna and I ran into a significant cloud of it on East MacArthur around noon, as we were driving back from school with the girls.  One house had two wood stoves running, and the cloud of particulate made the street look like a bomb had gone off.

Sonenshine, Ron.
"CONCERNS ABOUT POLLUTION"
"Wood-Stove Fad Going Up in Smoke."
San Francisco Chronicle, Jan. 6, 1992.   
Gianna and I engaged in a bit of good natured grousing about self-righteous "back to nature" types and the negative consquences of well-intentioned environmental concerns run amok.  The problems posed by residential wood stoves have been known for some time (at least 1992, judging by the SF Chronicle, which notes that up to 25% of the Bay Area's air pollution is due to these stoves). But they're still installed, twenty years later, causing problems.

However, as we talked about it a bit more, we (well, I) recognized that the people who installed wood stoves were probably making a mistake in the right direction.  One significant environmental problem California faces is the transmission of power, not the generation of it.  One advantage of solar is that it can be installed where's it's needed, reducing if not eliminating transmission costs.  Wood stoves are somewhat similar--the particulate is disconcerting but at least the power's being generated where it's being used.

Halstead, Richard.
"Kent Woodlands resident becomes first in county to power home using fuel cell"
Marin Independent Journal, Feb. 18, 2011.
available at http://www.marinij.com/archivesearch
The problem, though, is that once a "technology" like the wood burning stove gets in place, it's hard to dislodge -- there's a cultural path dependence. Reducing the impact of wood stoves encounters significant political resistance, and the people resisting are quite convinced they're morally right.  And the irony is, they're partially right.  Generating power close to its point of use can be a good idea environmentally and economically.  It doesn't just have to merely be via installing solar (which is not that useful during the wood stove time-of-year), but could, instead, theoretically be accomplished by a home fuel cell. Not many have done this yet -- Bruce Raabe of Kent Woodlands in Marin County is one of the first, as the Marin Independent Journal reported last year.  It's pure speculation on my part, but I wonder whether fuel cell technology would see broader adoption were public policy to more directly encourage it (the programs designed to encourage solar, of course, being quite well known at this point).

Wednesday, November 7, 2012

So what was the Press Democrat's sale price?


North Bay Business Journal, Nov. 1, 2012
available at http://tinyurl.com/anukn9q
Sonoma Media Investments, LLC, controlled, essentially, by Doug Bosco and Darius Anderson, has purchased the Santa Rosa Press Democrat, The North Bay Business Journal, and the Petaluma Argus-Courier from Halifax Media Group, which had acquired these papers less than a year ago from the New York Times.  These newspapers are a critical source of information for Sonoma County, and their editorial judgment has been generally respected by the community. Puzzlingly, though, the sales price was not disclosed.

Cynthia Gorney, "Battle of the Bay"
in Leaving Readers Behind:
The Age of Corporate Newspapering
, p. 355.
I looked into the matter a bit, trying to find out, at least, what the New York Times had paid for the papers in 1985.  The sales price wasn't disclosed then, either.  I did manage to track down some apocryphal information, suggesting the price had been high indeed; Evert Person (misspelled "Everett" in the source), the publisher in 1985, is reported to have said “I got this offer, I just couldn’t believe how high it was, I accepted it.” I don’t doubt there are Sonoma County residents who know how high it was, but none of them are talking, so I decided to consult the numbers.

The New York Times Company
1985 Annual Reportp. 12.

Figuring the New York Times Company is publicly traded, I took a look at their 1985 Annual Report (UC Berkeley allows the public free access to the Historical Annual Reports database on ProQuest).  The report was deliberately vague; it noted that $389 million was spent by the Times in 1985 on acquisitions, specifically to acquire five newspapers and two radio stations.  The report didn’t break the numbers down any further.

Scratching my head a bit, I decided to poke further and see if the purchase price for the other papers acquired by the Times in 1985 was available.  It was—the papers had been owned by a nonprofit, and the sales price was eventually disclosed on their Form 990.  It was $156 million. In 1985 dollars, that was about $1,426 for each paper circulated daily; in 2012 dollars, $4,001 per paper circulated.

Spartanburg Herald-Journal
Jan. 28, 1990, p.10
Did the  New York Times make a similar offer for the Press Democrat in 1985? If so, at $1,426 per daily circulated, the offer Evert Person “couldn’t believe” would have been $107 million (or $299 million in 2012 dollars).

By way of contrast, Halifax Media Group paid $143 million for the Press Democrat and 15 other papers last year, and on a per-unit of circulation price, the Press Democrat would have been worth a mere $18 million in that deal. In effect, the Press Democrat’s value collapsed by over 90% in the intervening 25 years.

"Reflections of a Newsosaur," Mar. 29, 2010
available at http://tinyurl.com/y9xklkw
A 90% collapse in value for the Press Democrat is, disturbingly, consistent with the state of the rest of the newspaper industry.  The Daytona News-Journal, for instance, whose circulation has fallen roughly in line with that of the Press Democrat, was valued at $300 million in 2006; by 2010, its reasonable value was estimated in legal proceedings to be a mere $20 million (a 93% decline in value in the four year period).

The Sonoma Index-Tribune (also owned by Sonoma Media Investments, LLC) has tipped its hand to a degree regarding the purchase price.  Its article noted that the agreement included the Press Democrat’s Rohnert Park printing plant, built for an estimated $30 million in 1986.  A $30 million valuation for the Press Democrat without real estate seems high, but including the facility, it is not wildly unreasonable; a building of the size of the Rohnert Park plant (even if it is 25 years old) certainly seems like it might reasonably be worth $12 million.
Sonoma Index-Tribune, Nov 1, 2012
available at http://tinyurl.com/bjkjhf8

Of course, it is also possible that the value of the Press Democrat was set at zero -- the New York Times has had serious labor problems relating to pensions for several years, and there have been extensive cutbacks at the Press Democrat over the last half-decade.  Perhaps there was also some assumption of debt or other liabilities by Sonoma Media Investments, LLC, or a measure of “seller financing” by Halifax Media Group to make the entire deal go.

However, the main point stands – there has been a complete collapse in the value of the Press Democrat in the last seven years.  However, I think the implications for the community are actually more serious than merely being one of the largest business failures in the County’s living memory. But those are other posts, for other days.