Is Digital First Media First Newspaper Company To Go CEO-Less?

Steve 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 ...

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Newsonomics: When News Companies Are No Longer Built To Last

I’ve gotten feedback about vulture capitalists, hatchet men, and chop shops, and of close-to-retirement publishers getting that unexpected knock on the door from visiting corporate vice presidents. I’ve heard about 30-year-old journalists turning in their resignations, and other young reporters ...

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Newsonomics: Are Post-Paton DFM Cuts More Than a Milking Strategy?

Two months ago, Digital First Media’s deal to sell itself to Apollo Global Management collapsed (“Apollo withdraws from DFM deal, Paton leaves”), and its founding CEO (and would-be industry leader) John Paton said he would leave the company. Now, as of July 1, he’s gone. New CEO Steve Rossi, ...

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The Demise of Lean Dean Singleton and the Rise of Private Equity

Another way to look at it, at least for a moment, is through the eyes of these new owners. The owners are looking at their properties as the only advertising-oriented media that didn't make a comeback in 2010. With ad revenues down in single digits, the companies continue to shrink in revenue, ...

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