hhMeet John Rogers. Arms of his Ariel Investments control 26 percent of all outstanding MNI stock.

Why? Rogers cannot possibly think that MNI will reverse course and move north. I have to think that Rogers plans on being at the table when MNI declares bankruptcy and/or is taken private.

Meanwhile, looks like the layoffs, pay cuts, and required furloughs are coming down the pike. Here’s what I don’t get, though. Would MNI operations in the Carolinas ever announce such steps — or just stonewall?