The Tribune Company owns eight newspapers, six of them metros. Two — the Los Angeles Times and Chicago Tribune — are in top 10 of U.S. dailies; five — adding in the Orlando Sentinel, South Florida Sun-Sentinel, and Baltimore Sun — are in the top 40, while the Hartford Courant ranks 60th. Their ...
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Quite literally, significant newspaper nameplates (and, more significantly, the real estate those nameplates rest uneasily on) are going for the prices of mansions in many communities. So why buy?
Sometimes, it’s simple: You get a great deal.
That’s what Warren Buffett got in his purchase of ...
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Philly's next re-do -- maybe it will catch the recovery wind at its back this time -- won't happen in isolation. Down the road, in D.C., it'll be able to watch Allbritton's TBD start-up experiment, beginning in June. The first lesson: Figuring out how to serve substantial top-flight journalism ...
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In some sense, just as the New York Times and the Wall Street Journal, though still printed on newsprint, are no longer the same category of newspaper companies as the Philadelphia Inquirer or San Francisco Chronicle, neither is the Inquirer or the Chronicle really in the same business as the ...
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Key: The ability to create new value in the short term with the infusion of new leadership and new thinking. This is the key that unlocks the value Angelo Gordon believes is hidden in the encrusted legacies of these print properties. Of course, that's in its private equity DNA: bring in people ...
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If the newspaper industry was on thin ice a month ago, the financial meltdown has meant that the creaking and cracking is getting more audible. Think of it as a triple whammy for an industry used to declaring itself the victim of a perfect storm: First, the meltdown has deepened, widened and ...
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Is the L.A. Times the new ground zero of newspaper staff cuts and frightsizing? Los Angelenos, of which I am one by nativity but not choice, may think so, imagining L.A. as the center of everybody’s universe. It’s not, of course, but the saga of the Times has been one of the more ...
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How fast can you paddle? That’s the unabated message of today’s ABC FAS FAX circulation numbers being reported. They cover the six-month period, through March 31. Overall, the water keeps rising: 3.5% down daily, and 4.5% down Sunday. Those are in line with what we’ve now seen ...
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