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Family-Owned Newspapers Bowing Out
Interesting analysis from Reflections of a Newsosaur looking at financially sound newspaper chains (many of them family owned) that are investigating sales despite good economic footing. From the site:
"The potential sale of the San Diego Union-Tribune and Newark Star-Ledger at the worst time in the history of newspapering can mean only one thing: The publishers don’t think the business will get any better. [Emphasis added]
"If they did, they would slash expenses, hunker down and quietly prepare to sell their papers during the next rebound in the economy."
Full piece here.
"The potential sale of the San Diego Union-Tribune and Newark Star-Ledger at the worst time in the history of newspapering can mean only one thing: The publishers don’t think the business will get any better. [Emphasis added]
"If they did, they would slash expenses, hunker down and quietly prepare to sell their papers during the next rebound in the economy."
Full piece here.
Replies to This Discussion
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Permalink Reply by Victor Curran on -
A college classmate invited me to join a Facebook cause called "Don't Let Newspapers Die." Newspapers are a cultural touchstone, at least for people over a certain age, but they're also a tool that has been made redundant by a newer and more effective tool. It felt strange to click "Ignore" on her invitation, because I was raised with a reverence for daily newspapers. But they're as dated as the gratuitous swash caps in the Facebook group's logo (above).
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