The Christian Science Monitor has a story about the future of print journalism.His refrain is far from unique as newspaper newsrooms cope with a new round of cutbacks. Daily newspapers in New York, Boston, Houston, St. Louis, Philadelphia, San Francisco, and elsewhere are laying off or buying out hundreds of newsroom employees, as well as […]
In a follow up story from yesterday, Knight Ridder has been urged to sell itself, but so far the pool of suitors is, well, not pooling.The nation’s second-largest newspaper publisher was effectively put on the block Tuesday, after its largest shareholder urged it to sell itself. But rival newspaper companies and private-equity firms aren’t likely […]
According to SmartMoney.com, Private Capital Management – Knight Ridder’s largest shareholder, has urged KR to put itself on the auction block.In a letter to Knight Ridder’s board dated Tuesday, PCM Chief Executive Bruce Sherman said a sale should be pursued aggressively, “in light of limited revenue growth across the newspaper industry and the difficulties the […]
According to Editor and Publisher The Post Dispatch has cut nearly 12% of its news staff through a voluntary buyout. Nearly 12% of the St. Louis Post-Dispatch news and editorial staff has accepted a voluntary buyout that the paper claims will save it up to $7 million a year, according to a story in Tuesday’s […]
Bad news for those who make their living in the newspaper industry. Media Daily News: IT’S OFFICIAL: 2005 WILL BE the newspaper industry’s worst year since the last ad industry recession. And things aren’t looking much better for next year either, according to a top Wall Street firm’s report on newspaper publishing.