20 bookmarks. First posted by aebraddy may 2018.
But why on Earth should Smith sell? Alden’s newspapers recorded nearly $160 million in profits during fiscal year 2017, analyst Ken Doctor reported in a comprehensive piece recently at NeimanLab. The chain’s 17 percent operating margin makes it one of the industry’s best performers. Over the course of seven years, Alden doubled profits in its Bay Area News Group newspapers, another home to cutbacks. At the Pioneer Press, where its staff is down to 60, the paper produced a $10 million profit at a 13 percent margin.futureofnews
june 2018 by glanosga
For a preview of the newspaper industry’s coming death, turn your gaze to Colorado, where the withering and emaciated Denver Post finds itself rolling in profits. The Post’s controlling owner, “vulture capitalist” Randall Smith, has become journalism’s No. via PocketIFTTT Pocket facebook twitter
may 2018 by Werderbach
It’s a truth universally acknowledged by those who don’t let sentiment cloud their thinking that the newspaper’s time will soon pass—except for rare titles like the New York Times and a few others that can attract national audiences. “The old model of a general-purpose newspaper fit the industrial age when advertisers needed mass audiences to sell the products of mass production. But the marketplace no longer supports the model of a few messages to many people. Now it is many messages, each to a few people,” Meyer tells me via email.may 2018 by tinotopia