April 19, 2024
In five languages (English, Mandarin, Korean, Spanish, Portuguese and Russian) and two U.S. printing, “Newsonomics: Twelve Trends That Will Shape the News You Get” is the first Ken Doctor book. Sign up here for notice of the new Newsonomics Readers.
That’s the allegation now moving into Delaware’s Chancery Court. This week, Solus Alternative Asset Management LP accused Alden Global Capital — the increasingly maligned majority owner of Digital First Media — of “possible mismanagement and breaches of fiduciary duty.” The big charge: ...
Read MoreSteve Rossi, who has served as CEO of the country’s third-largest group of daily newspapers, Digital First Media Inc., stepped down on Monday, Oct. 23. Rossi retires from top post he took on 2-1/2 years ago. Then, in May 2015, he replaced high-profile “digital first” CEO John ...
Read MoreAfter besting Tribune Publishing to win the Orange County Register and (Riverside) Press-Enterprise out of bankruptcy (“It’s official: Digital First Media defeats Tribune in bid for southern California newspapers”), Digital First Media has flipped the real estate that was included in the ...
Read MoreApollo Global Management has almost won its two-horse race with Cerberus Capital Management to acquire Digital First Media’s 75 daily newspapers and more than 100 non-dailies, or as DFM likes to put it “800 multi-platform products reach 64 million Americans each month across 14 states.” The two ...
Read MoreFirst published at Capital New York After one cost-cutting private equity company has spent close to half a decade wielding the knife at Digital First Media, how many new “efficiencies” might a second P.E. buyer find? That’s the question we may soon see answered, as the sale of Digital ...
Read MoreAnxious journalists from San Jose to Saint Paul, New Haven to Novato await the final shouts of the Digital First Media auction. Bidding is still in progress, as DFM’s regional business heads coast to coast make presentations to would-be buyers, anonymous to them, by conference call. They share ...
Read MoreValentine’s Day may be coming early for Digital First Media this week. DFM’s board and UBS, its broker, open the envelopes, looking for affection. It’s an uneasy love-me/love-me-not time, newspapers’ version of Match.com. Will DFM’s affection for the open market be returned, or will it be left ...
Read MoreCould the sale of the Digital First Media properties lead to the U.S.’s first quasi-national newspaper company? That’s the hope of DFM’s current owners, and the shiniest lure tossed out into the newspaper property marketplace by UBS, the unorthodox pick of DFM to be its banker/broker as its six ...
Read MoreFollow Newsonomics on Twitter @kdoctor First published at Harvard’s Nieman Journalism Lab Today, we’ll hear official word of the demise of Project Thunderdome, one of the news industry’s highest-profile experiments in centralized, digital-first, mobile-friendly, new-news-partner ...
Read MoreEven the paywall contrarians are coming around. John Paton’s Digital First Media will announce today its adoption of metered paywalls at all its Media News and Journal Register sites. That’s more than 75 papers, including big ones in Denver, San Jose, L.A., Salt Lake City (among the ...
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