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.
Sixty-three cents. That’s all it took to buy a share of Gannett at market close yesterday. The entire company — valued at $18.5 billion-with-a-“b” 15 years ago when it owned TV stations but many fewer newspapers, not to mention $823 million-with-an-“m” as recently as January — is today worth ...
As local newspapers’ businesses hit the skids, they’re finding themselves careening right now into a future they’d thought was still several years away. “We are all going to jump ahead three years,” Mike Orren, chief product officer of The Dallas Morning News, suggested to me last week. At ...
Is that a light at the end of the tunnel? Or just the Mnuchin Express coming for the newspaper industry? The $2.2 trillion CARES Act will likely become law at some point today. It’s a bailout that has got local news publishers and their trade groups scurrying; they’re eyeing two big ...
At first blush, it looks a bit like an old-fashioned newspaper war. (For our younger readers: Long ago, some cities had two or more strong newspapers that fought each other for scoops, talent, readers, and advertisers. Really.) In Memphis, two newsrooms — each with about three dozen journalists ...
What McClatchy’s Thursday bankruptcy filing lacked in suspense, it makes up for in our ability to game out the next skirmishes in the Consolidation Games, now ramping up its second season. That massive movement within the newspaper industry — equal parts financialization and consolidation — has ...
By JOSHUA BENTON AND KEN DOCTOR Circa 2012, one of the most popular lines among American newspaper journalists went something like this: “Newspapers can’t be that terrible of a business if Warren Buffett, the smartest investor in the world, wants in.” That was the year that Buffett’s Berkshire ...
Is it the apocalypse, or just an unreasonable facsimile? In a week of newspaper industry drama — GateHouse’s expected takeover of Gannett and McClatchy’s unexpected move in the direction of bankruptcy — who could write a better next act than that old newspaper vaudeville duo of Michael ...
You think $300 million in costs cut is a big number? Try $400 million. Or more than $400 million. Those are the internal numbers in the air as America’s two largest newspaper chains, Gannett and GateHouse, try to land their megamerger, first announced in August. Follow the money: When I ...
The megamerger is really happening. Expect the new Gannett — the brand that will survive that chain’s acquisition by GateHouse Media — to officially take wobbly flight soon, perhaps around Thanksgiving. Both companies, the country’s No. 1 and No. 2 newspaper publishers, say it’s full speed ...
There’s the megamerger, and then there are the numbers: $1.8 billion, 11.5 percent interest, 5 years, $300 million, 18 percent…and many more. RELATED ARTICLE Newsonomics: The GateHouse/Gannett newspaper megamerger could be announced as soon as Monday morning August 4, 2019 ...
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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.
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