BOOK REVIEW: 'The Deal from Hell': Wall Street, Lack of Investment, Arrogance ...

I'm talking page widths that were 15 inches or more, now smaller than tabloids at 12 inches wide or even smaller. Actually O'Shea, a veteran newsman who was present at the creation of the largest  newspaper merger in history, the 2000 marriage of the Tribune Company of Chicago and Los Angeles-based Times Mirror, does allude to the reason without mentioning page width by name. It was cost-cutting by the same bean counters that gutted newspapers and contributed to their decline.  Today's standard is a 48 inch web, resulting in 12 inch pages because four printing plates side by side are printed at one time on the roll, which looks like a gigantic roll of toilet paper. (Maybe that's an apt comparison because virtually every newspaper is in the financial crapper these days, as O'Shea so graphically illustrates in his well-written tome.)  The merger, to many, is a classic demonstration that in the world of business, bigger isn't always better: After the Tribune Company acquired Times Mirror Corporation, it comprised the most powerful collection of newspapers in the world. Add in the television stations that Tribune owned and it boggles the mind how such a cash cow could run dry and stop delivering profits north of 20 percent.  , it was owned by the distinguished Cowles family; today it's owned by Gannett, publishers of USA Today, which has purchased many once highly respected family-owned newspapers and turned them into bland McPapers. There are few family owned metropolitan newspapers today and many people believe the nation is poorer because of chain ownership of the remaining papers.  changed everything. Classified advertising was never the same after craigslist; always- on-the- go  members of the millennial generation, as well as older boomers and even older sandwich generation folks turned to the Internet for their news fix. They don't have time to read newspapers, addicted at they are to their smart phones. Now tablets like the iPad and Androids like my Cruz Tablet  are making the laptop computer obsolescent. , the largest daily metropolitan newspaper in the nation. O'Shea helped covert the Times into an interactive news organization and achieved numerous other accomplishments. The paper reversed its daily circulation decline and the fortunes of its Sunday magazine under O'Shea's tenure as editor.

ESL credit union coming to Geneseo | The Livingston County News

The newest branch of ESL Federal Credit Union will be opening in Geneseo on Nov. 22 at 22 Ryan Drive — on the direct road connection between Wal-Mart and Route 20A. Ribbon cutting is slated for Dec. 9.

The architecture of the new 5,700 square foot brick building is solid and elaborate but not extravagant. ESL vice president and branch center director Karen Davis describes the building as “approachable and unique to us,” in line with the company’s standard branch image.

Spaciousness is the first impression one has when walking into the circular reception area and facing seven teller counters. The space is not there to impress, but rather to accommodate, Davis said.

“Our branches tend to be quite busy,” she advised, noting that the parking lot and drive-up area are likewise large, for the same reason.

ESL has been totally independent from Kodak since 1995, but the institution had its beginning in 1920 as a creation of George Eastman.

Eastman wanted to provide a credit union for Kodak employees, and a mortgage lender to promote home ownership among his employees. However, state law at that time forbade credit unions from making mortgage loans. Eastman therefore chartered the Eastman Savings & Loan Company as a conventional savings and loan institution, but then restricted its business — credit union fashion — exclusively to Kodak employees, retirees and their immediate families.

ES&L functioned in this manner, as a child of Kodak and for Kodak, for its first 75 years. The transition to ESL Federal Credit Union, with membership available though community affiliation, came in 1996. As ESL, the credit union began business with 100,000 members and $1.23 billion in assets.

Naturally, the company always had a presence in Kodak. The first outside branch was not built until 1995, but since then branches have proliferated at a steady rate.

The new Geneseo office will be the 19th branch and one of four being opened in 2010. It will initially employ nine-to-eleven persons. The Geneseo branch manager will be Jeye Massecar. The Geneseo assistant manager will be Cortez Jones, who is a SUNY Geneseo graduate.

ESL presence has expanded to the six county greater Rochester area (Monroe, Genesee, Ontario, Orleans, Livingston and Wayne). Assets and membership have tripled in 14 years to $3.8 billion and 300,000. The branches employ more than 600 persons.

ESL Federal Credit Union offers a full range of financial services and products, including wealth management and investment consulting complimenting the traditional banking services. ESL has Internet and online banking channels, a tele-banking center and 40 ATM locations. A new ATM kiosk site will soon open on West Main Street in Avon, further establishing ESL’s presence in Livingston County.

Eastman Savings and Loan Association, a corporation organized under the laws of the State of New York : conducted by and for the employees of the Eastman Kodak Company

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