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 ...
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The news shocked long-time newspaper observers two months ago: “Tampa Bay Times to be sold to GateHouse Media in $79M deal.” Had GateHouse devoured yet another storied publisher? No: It was a FloridaPolitics.com April Fool’s prank played out to a near-incredulous audience. Mike ...
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Sometimes when you connect the dots, you just get more dots. It looked like head-turning news: A Japanese company had taken control of one of America’s largest newspaper chains, New Media Investment Group, a.k.a. GateHouse Media. Tuesday’s headline: “Robotics and tech firm SoftBank Japan ...
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After a brief spell of normalcy seemed to return to the Las Vegas Review-Journal, all bets are now off. A new publisher has appeared overnight at the paper, a new editor will be installed as soon as Friday, and, sources tell me, stories involving new owner Sheldon Adelson are being reviewed, ...
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Several mysteries tumbled out of Sheldon Adelson’s secret $140 million purchase of the Las Vegas Review-Journal in early December (“The new breed of newspaper mogul”). Some have been answered, and others hang in the air. One big one: seller Gatehouse Media’s own journalistic ethics. That’s a ...
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The week-long mystery of the identity of the overpaying buyer of Nevada’s biggest and most influential newspaper is over. But questions about the impact of the sale – and what it could portend both for Nevada and national politics and for the news business – abound. On Thursday, first Fortune ...
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First published at Harvard’s Nieman Journalism Lab Tonnage. The word speaks to a different age of news media when ink, bought by barrel, and newsprint, bought by the ton, ruled. Newspapers — in print — still go out to some 40 million-plus Americans and as many as 1.4 billion worldwide. We ...
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Aim as much at non-advertisers as advertisers. The remodeler is like most local businesses: a non-advertiser. Taylor says the events business has exposed the paper to a large new set of businesses, a number of whom are now also buying ads as well as event sponsorships. That means new ”indirect ...
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