Newsonomics: Michael Ferro’s Creeping Privatization of Tronc

On Thursday, Michael Ferro solidified his control of Tronc, the company he seized a more tentative kind of control of just 13 months ago, deposing then-Tribune Publishing CEO Jack Griffin in a quick coup de press. This week’s move looked financial, but too, speaks deeply to power and control. ...

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The Newsonomics of Trust, News Trusts and Murdoch Trustworthiness

One reason News Corp. may move forward with the trust idea rather than a sale of the properties is that it may meet a market without buyers. With the Times’ losses, it’s tough to come up with logical buyers for the papers. Why mess with the market, though, if you can both perform an act of ...

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The Newsonomics of the Death & Life of California News

All we can say with certainty: we’re witnessing the death and life of California news. Who will own the biggest news media? Who will manage the biggest news media? How much of a life in print will be left for newspapers as they go digital? And, of course, how many journalists will be paid to ...

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Now at (Fire) Sale Prices: A Few Daily Newspapers…and Maybe More

The deep freeze in the U.S. newspaper market thawed a bit over the last couple of weeks. There really hasn't been much of a market for metro newspapers for almost half a decade. With advertising revenue down now 21 quarters in a row, it's near-impossible to fix a value on newspaper properties. ...

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New Detroit Daily: Nature (and Entrepreneurs) Fills Gaps

Yes, SDNN is an online site, while the Detroit Daily News in a print product, with some secondary digital presence to come. Both, though, point to an emerging reality: The rapid shrinking of daily newspaper companies is beginning to leave vacuums in local markets and marketplaces. Entrepreneurs ...

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Through the Pulitzer Prism: Multimedia, Daily Winners That Are No Longer Daily, and Times Perserverance

The top two Pulitzer dailies for local are not longer really daily. The Detroit Free Press staff, led by Jim Schaefer and M.L. Elrick, won for their investigations into former Mayor Kwame Kilpatrick's "pattern of lies." A half a continent ways, the East Valley Tribune, led by Ryan Gabrielson ...

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Forget Newspapers’ Local-Local: Think Location, Location, Location

Hard as it may be to believe, we may have entered a new rocky period for newspaper companies. It would be a period in which the real estate on which they sit determines their market value. Consequently, their real estate value may determine who wants to sell the newspaper property and who wants ...

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Union-Tribune Sale: Is San Diego Really Just a Big Small Town?

My best guess: The Union-Tribune will get smaller and much more local-local focused. And that real estate under its building (and the Union-Tribune's other San Diego real estate holdings, which we assume are part of the deal), that may be a real motivator for the purchase. Commercial real ...

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Rocky Mountain News “Sale” Shows Peril of Crossing Profit Line

As daily newspapers become less than daily — witness the East Valley Tribune's move into the world of four-day-a-week dailiness in January — why would we expect a metro area to support two daily newspapers? Against that backdrop, Scripps' announcement that it is ...

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Triple Financial Whammy Afflicts Newspapers

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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