Newsonomics: Thirst For Liquidity Drives The News Chain Consolidation Games

“People think nothing is happening, but that’s the farthest thing from the truth. Everybody is talking to everybody.” That’s the best quick summation I can offer of the first few months of what I called 2019 Consolidation Games back in January. That line, offered last week by one newspaper ...

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Newsonomics: Patrick Soon-Shiong On The L.A. Times’ Transmedia Future, French-Fry Tweets, And Modernizing The “Newspaper” Business

It was a single weekend phone call three years ago that set Patrick Soon-Shiong on an unexpected path. It was Michael Ferro, whom he barely knew, calling in spring 2016, telling him he’d make the medtech billionaire a “partner” in Tribune Publishing — if he agreed to invest $70.5 million (at a ...

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Newsonomics: At The New L.A. Times, Norm Pearlstine Is Doing a Little California Dreaming

Last year, on his third attempt — over 46 years — to get a good job in Los Angeles, Norm Pearlstine landed the plum of West Coast plums. Once Patrick Soon-Shiong paid a billionaire’s ransom to free the Los Angeles Times (and San Diego Union-Tribune) from the clutches of Tronc, Pearlstine ...

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Newsonomics: Inside The New L.A. Times, a 100-Year Vision That Bets On Tech And Top-Notch Journalism

  Read all of Ken Doctor’s series on the new L.A. Times:     Look past the view of the 105. Beyond it is the unfolding of the 21st century, delayed but now in full force at the Los Angeles Times. That’s my big takeaway from a visit to Patrick Soon-Shiong’s new temple to ...

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Newsonomics: The New York Times’ Mark Thompson On How He’d Run A Local Newspaper: “Where Can We Stand And Fight?”

  What would New York Times CEO Mark Thompson do if he ran Gannett? How much does he attribute the Times’ accumulation of millions of digital subscribers to the journalism produced by its burgeoning newsroom? Does the Times have a role to play in helping local news recover?   RELATED ...

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Newsonomics: Can The New York Times Avoid A Trump Slump And Sign Up 10 million Paying Subscribers?

Be sure to read the Mark Thompson Q&A that accompanies this story. RELATED ARTICLE The New York Times’ Mark Thompson on how he’d run a local newspaper: “Where can we stand and fight?” February 22, 2019     Mark Thompson’s nautical and military metaphors have generated some ribbing ...

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“Newsonomics: In The Consolidation Games, Enter The Bankers”

The bankers are now hired. Is the early 2019 newspaper chain M&A face-off now getting serious? It’s reminiscent of an earlier brand of warfare. Newspaper chains — all cutting desperately, each facing a shortening deadline to make a “digital transition” — line up their dealmaking armies, ...

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Newsonomics: Amid Screaming Alarms, Consolidation Mania Turns Feverish

Alden’s going to snatch Gannett! No, Gannett’s going to turn the tables and buy Alden’s Digital First Media! But wait, Gannett will reject Alden — is that a real offer? — and turn its attention to merging with Tribune! No, Tribune — having dispatched its CEO Justin Dearborn to clear the way for ...

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Newsonomics: Newspapers In Name Only & Who’s Going To Build What Comes Next In Local?

Neil Chase knows the painful realities of managing and motivating a daily newsroom in 2018. “You can’t ask dedicated, veteran career journalists to completely change the way they work without explaining why,” the Mercury News executive editor said at a panel discussion I moderated at Stanford ...

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Newsonomics: “Digital defeats print” Is The Headline As Gannett Steps Away From Printed Election Results

Editors have long had to battle deadlines on election nights across America — pushing press runs to the last possible moment in order to get the most complete results into the next morning’s paper. Print is many things, but it isn’t a great real-time medium. Now, though, Gannett is throwing the ...

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