Newsonomics: As McClatchy Reorgs, A New Set Of Money Men Enters The News Industry spotlight

Whenever the definitive history of daily newspapering is written, 2019 will be recorded as a major turning point. Today, one year-long drama comes to a close, or at least an act break: New Gannett, the result of America’s two largest newspaper companies merging, will become a reality as the ...

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Newsonomics: With Its Merger Approved, The New Gannett Readies The Cost-Cutting Knife

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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Newsonomics: Four Years In To Their Surprise Marriage, What Has The FT Done For Nikkei, And Vice Versa?

On July 23, 2015, the Financial Times and Nikkei — the leading business newspapers in the U.K. and Japan — shocked the news business worldwide with its own acquisition breaking news. On that date, the two companies announced a tie-up that no one had seen coming. The early conventional wisdom ...

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Newsonomics: Nikkei’s Tsuneo Kita: “Without The FT, It Wouldn’t Have Been Possible For Us To Transform Ourselves As We Have”

Four years ago, the Japanese financial news giant Nikkei sent shocked the global media world with a surprise announcement: It had bought the storied Financial Times for $1.3 billion. “Billion” was a pricetag few thought they would see in news media sales again. As I parsed that buy at the time, ...

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“Newsonomics: FT CEO John Ridding On How The Financial Times Builds Mini-Brands Within The Global FT

John Ridding is comfortable in his new office. This year he moved the Financial Times back to its previous (1959-1989) Bracken House digs, after it had been refurbished for the needs of the modern FT.     RELATED ARTICLE Newsonomics: Nikkei’s Tsuneo Kita: “Without the FT, it wouldn’t ...

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Newsonomics: Will Facebook’s New News Tab Be A Milestone Or Millstone?

  Is Facebook a cesspool of bottom-feeding content? Or is it now the proud leader among platforms in featuring and rewarding high-quality journalism? Or…both? We’ve got a new breakout of platformitis, as news companies try to figure out their complicated relationships with the ...

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Newsonomics: Why I’m Starting A Company To Build Out A New Model For Local News In The 2020s

Over the past decade here at Nieman Lab, I’ve reported a lot of news industry news. Today, I’m sharing some of my own. After months of work, I’m happy to begin introducing the new company that I’m heading, named Lookout. It’s a wide-reaching new model for local ...

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Newsonomics: The Gannett–GateHouse Merger Is Really Happening, And Expect To See More Than 10% Of Jobs Cut Off The Top

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 ...

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Newsonomics: The Perils — And Promises — Of New Gannett

  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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Newsonomics: The GateHouse/Gannett Newspaper Megamerger Could Be Announced As Soon As Monday Morning

  Editor’s note: Gannett and GateHouse officially announced the merger Monday afternoon. Here’s the company announcement, confirming that the company will be called Gannett, be based at Gannett’s headquarters, and retain GateHouse’s New Media Investment Group CEO Mike Reed. Barring ...

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