Fourth Estate to enter foreclosure.

Citing massive failures, liquidation of assets to begin immediately.

New York City, New York - Unable to regain public trust following a string of "blown calls", the fourth estate
announced late on Friday that it would be closing for restructuring and reorganization under new
management.

"Lets face it, they really weren't doing a very good job and people were getting tired of hearing
"no one could have seen this coming" and "no one could have known", when by doing a few
minutes of Google searching they could have discovered that everyone should have seen this coming
and that many people did know" said Pascal Picanic-Basquet of France24 News.

"The people simply said they had had enough. Enron, Iraq WMDs, the housing bubble" said Pascal
"they were more than just foreseeable, they were obvious, if not for the constant cheer leading done by the
members of the estate. They seem to have forgotten their jobs as a check on power, and instead
began enjoying the perks of becoming celebrities themselves"

Money honeys, talking heads, and experts at wind direction through wet finger divination
were all taken by surprise when the announcement of foreclosure was made.

"Wow, who could have seen this coming?" said Erin Burnett of CNBC "We felt that after
Jim Kramer's outstanding work on the Daily Show that all would be forgiven and we could continue
giving people the important news they need to speculate on an hourly basis. But now what am I to do?
Go back to Goldman-Sachs or the Citigroup Financial Network? I'm pretty sure they aren't hiring,
although I will have to ask someone about that ."

Assets including reporters, photographers, printing presses, and the buildings which housed them were
to be sold at fire sale prices beginning next week. Having previously lost many of the reporters to blogging, and photographers and presses to the men's magazine business, disposal of the physical structures might be the most daunting.

Possible uses being suggested include museums, indoor organic farms, and multilevel electric kart
racing centers