I almost missed that, and can you see why I'm calling it quits?
New York Times to invest in international digital audience to expand and increase revenue outside the United States
I haven't bought their edition of lies since 2007. Just touching one by mistake fills me with the urge to decontaminate.
New York Times to close editing and print production facility in Paris
And opening one in China?
Anything else on the new$$tand?
"Gannett offers $815 million for Tribune Publishing" by Leslie Picker and Sydney Ember New York Times April 26, 2016
NEW YORK — The Gannett Co. has offered to acquire the Tribune Publishing Co., which owns newspapers including The Los Angeles Times and The Chicago Tribune, for about $815 million including the assumption of debt.
Tribune Publishing was spun off from Tribune Co., now called Tribune Media, in August 2014 and saddled with about $350 million in debt. Since then, its stock has tumbled as Tribune Publishing’s newspapers, like many print publications, have struggled with declining circulation and dwindling print advertising revenue.
What?
The recent upheaval at Tribune Publishing is the latest the company has faced. Soon after the real estate tycoon Sam Zell bought the company’s predecessor for $8.2 billion in 2007, it filed for bankruptcy, with $7.6 billion in assets against a debt of $13 billion.
The culture at the company had turned poisonous, and Tribune Tower, once a symbol of a great media company, became a place where executives used sexual innuendo and profane invective.
In recent years, The Los Angeles Times has become a flashpoint for disagreement between Tribune Publishing and its California newspapers.
Austin Beutner, The Times’ publisher, was ousted last fall after only a year in the position because company executives viewed his ambitious plan to dominate California journalism as defiant and a threat to their centralized strategy.
The newsroom has been reduced by job cuts.
In a further sign of discontent between Tribune Publishing and its California newspapers — in addition to The Los Angeles Times, the company also owns The San Diego Union-Tribune — the two entities have sparred over financial projections....
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Related: Tribune calls suitor Gannett ‘erratic,’ but talks continue
Also see: Newspaper criticized for using name of historic black weekly
Time to look at the local:
"The Berkshire Eagle sold to local group" by Katheleen Conti Globe Staff April 21, 2016
The Berkshire Eagle, the small Pittsfield daily newspaper that covers a big swath of Western Massachusetts, said Thursday it is being sold to a group of local businessmen after being owned for more than 20 years by national chain Digital First Media.
Retired Pittsfield District Court judge Fredric D. Rutberg said he formed a company, Birdland Acquisition LLC, in December to purchase the newspapers. Rutberg said the group is committed to expanding local news coverage and plans on adding people to the newsroom and bringing back jobs that were outsourced by Digital First Media. All four properties have about 200 full-time employees, including about 40 newsroom staff.
The sale is the latest of several recent transactions by Digital First Media, which declined to comment. On Wednesday the company said it had agreed to sell the Salt Lake City Tribune to local investor Paul Huntsman, the son of businessman and philanthropist Jon M. Huntsman Sr.
Is it any wonder I call it the pre$$?
Digital First Media is controlled by New York hedge fund Alden Global Capital.
Why not?
Is it any wonder I call it the pre$$?
Digital First Media is controlled by New York hedge fund Alden Global Capital.
Why not?
While the pending sale of New England Newspapers to a group of wealthy individuals mirrors similar sales like that of the Washington Post to Amazon.com chief executive Jeff Bezos and The Boston Globe to Red Sox principal owner John W. Henry, it does not mean that the big chains are bowing out of the game, said Martin Nisenholtz, professor of digital communication at Boston University.
“The activity is happening because print revenue has fallen much faster than digital revenue has been able to take its place, so it has caused a very serious dislocation in the industry, including the idea that civic-minded, wealthy individuals who care about journalism want to see it protected,” Nisenholtz said.
It's more about pushing an agenda these days, and always has been from $uch $ources.
It's more about pushing an agenda these days, and always has been from $uch $ources.
Pittsfield Mayor Linda M. Tyer welcomed the news of the sale. “For a county such as ours, local news matters,” Tyer said in an e-mail....
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Maybe one day I can have the coffee delivered, but until then I'll have to stick with the regional flagshit.
UPDATES:
New York Times to sell ingredients for recipes
New newspaper lasts less than three months
The Tampa Bay Times buys competitor
Gannett urges Tribune shareholders to reject board nominees
Tribune board rejects Gannett’s takeover bid
I wonder where they get their paper.
Gannett pushes ahead with hostile bid for Tribune Publishing
Maybe one day I can have the coffee delivered, but until then I'll have to stick with the regional flagshit.
UPDATES:
New York Times to sell ingredients for recipes
New newspaper lasts less than three months
The Tampa Bay Times buys competitor
Gannett urges Tribune shareholders to reject board nominees
Tribune board rejects Gannett’s takeover bid
I wonder where they get their paper.
Gannett pushes ahead with hostile bid for Tribune Publishing