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SEARCH RESULTS FOR "MEDIANEWS" Next big thing? TV-newspaper staff mergers Newspaper and TV newsroom mergers could become the next big thing as profit-pressed publishers and broadcasters seek to cut costs and strengthen their digital presence. The Newsonomics of news in a diversified world The Washington Post Company has been much in the news recently, but not because of its flagship paper. It's making news around its other holdings. It has shed Newsweek, staunching a $30 million annual bleed. More importantly to the company's finances, its Kaplan "subsidiary" has been much in the spotlight, under investigation by the feds, along with other for-profit educators, for fraud around student loans Nine questions on Patch's new push It's Patch day in the news news world, as AOL formally announces the expansion of its network of local sites. It's really a ratification of what we've been hearing, as CEO Tim Armstrong stakes his reborn company's future on professional news content creation, here, specifically local. The number bandied about: $50 million in investment in Patch, resulting in 500 local sites across 20 states by the end of the year. Judge OKs settlement to change Charleston newspaper JOA A federal judge granted final approval to changes to the Charleston, W.Va., joint operating agreement (JOA) that is intended to bolster the Charleston Daily Mail. Gannett's whimper & bang show strategies plainly in flux Gannett's second quarter announcements: A whimper and a bang. The whimper comes from its tepid revenue data. The bang from its coincident statement that it is joining its newspaper colleagues in the Yahoo Newspaper Consortium.
The Newsonomics of the dead cat bounce The season's upon us, as newspaper and media companies announce their second-quarter earnings. At least some of the companies will announce: fewer than used to a couple of years ago, as Tribune has gone private (and banko), metros like Philly and Minneapolis have moved to private hands, MediaNews releases less information than it used to, and Dow Jones' results are less decipherable, aggregated within News Corp. news division results. Patch vs. MediaNews: One little, instructive story AOL's Patch is ambitiously adding websites, lately going after MediaNews territory in the East Bay of the Bay Area -- San Ramon, Danville, Walnut Creek and Pleasanton -- and penetrating SoCal, from Fairfax and West Hollywood to Manhattan Beach and Redondo Beach. Hundreds of local reporters are being hired as hundreds of new sites are being replicated from California to Illinois to Maryland to Rhode Island, joining the early sites in Connecticut and New Jersey. Home delivery cuts working for Detroit newspapers Detroit's two daily newspapers knew they were shoving some readers overboard in an effort to stay afloat when they decided to limit home delivery to just three days a week. SF Chronicle explains 22.7% circulation drop The Chronicle said Monday that remaking its business model by charging more for the newspaper has, as expected, produced a sharp drop in circulation even as it has improved the paper's bottom line. San Jose Mercury News rockets into top ten circ list with a BANG In last year's March Fas-Fax from the Audit Bureau of Circulations, the San Jose Mercury News didn't make even the top 20 list of largest-circulation newspapers. US newspaper circulation falls 8.7 percent Circulation continues to drop severely at U.S. newspapers, though the rate of decline slowed from the previous six-month reporting period. Papers exiting bankruptcy dump 75% of debt The four newspaper companies that have exited bankruptcy to date have shed three-quarters of their of debt, collectively trimming nearly $2 billion in burdensome obligations. Singleton's MediaNews Group emerges from bankruptcy MediaNews Group's holding company said Friday it is out of Chapter 11 bankruptcy protection. On Jan. 22, the parent of The Denver Post and 53 other dailies filed a so-called prepackaged bankruptcy that had been approved in advance by its lenders. Pioneer Press overlords emerge from bankruptcy with nice payday In a blistering six weeks, Denver-based Affiliated Media -- the holding company for MediaNews Group, which owns the Pioneer Press -- has emerged from Chapter 11 bankruptcy. MediaNews Group holding company cleared to exit bankruptcy A U.S. Bankruptcy Court judge approved Affiliated Media Inc.'s prepackaged reorganization plan Thursday, clearing the way for the MediaNews Group holding company to emerge from Chapter 11 protection. MEDIANEWS BANKRUPTCY Affiliated Media responds to objection, says Chapter 11 delay would hurt business Any delay in confirming the bankruptcy plan of Affiliated Media Inc. -- parent of Denver Post publisher MediaNews Group Inc. -- will hurt the company's business, its chief financial officer warned in a court filing.
Zippy the Pinhead axed -- along with 21 other Denver Post comics Nothing fires up newspaper readers like changes to the comics section. That's something former Rocky Mountain News editor John Temple acknowledged in "The Funnies Aren't Funny Anymore," our 2007 state-of-the-art critique. More objections filed in MediaNews Group parent's bankruptcy case Two more objections were filed Monday in U.S. Bankruptcy Court in connection with the pre-packaged reorganization plan offered by Affiliated Media Inc., parent of Denver-based newspaper chain MediaNews Group Inc. MediaNews plans new content, expects more traffic after pay walls There are two provocative elements to MediaNews' paid content plan, which will be tested at two sites, the York Daily Record in Pennsylvania and the Enterprise-Record in Chico, Calif., in April or May: MediaNews Group reportedly worried its phones will be shut off In its reporting about the impending bankruptcy filing by Affiliated Media, the holding company of MediaNews Group, its owner, the Denver Post left the B-word out of the headline -- and its published version of an Associated Press story about the filing left out intriguing info included by other papers, including details of MediaNews boss Dean Singleton's salary. Next for MediaNews: Rolling up ailing dailies Ailing newspapers in Detroit, Minneapolis-St. Paul and San Francisco eventually could shrink or shut down after MediaNews Group emerges from bankruptcy. The prospect of future seismic shifts in the newspaper industry from Salt Lake City to York, PA, were signaled last week when Affiliated Media, the parent of MediaNews, filed for bankruptcy to eliminate all but $165 million of its $930 million in debt.
A blog published last week noted that the Denver Post had managed to report about an impending bankruptcy filing by the holding company of its parent firm, MediaNews Group, without using the word "bankruptcy" in the headline -- a neat example of spin. MediaNews Group makes it official: Files 'prepackaged' bankruptcy NEW YORK The holding company for newspaper publisher MediaNews Group filed for Chapter 11 protection Friday and expects to emerge from bankruptcy in a month or two. Affiliated Media Inc., the privately held parent company for the owner of The Denver Post, San Jose Mercury News and 52 other daily newspapers, had said Jan. 15 it would be making the move. It said it had a deal with creditors that will cut its debt to $165 million from $930 million. Pioneer Press the only MediaNews paper losing money When Pioneer Press holding company Affiliated Media announced a pre-packaged bankruptcy Friday, the press release noted that of its 54 dailies and more than 100 non-dailies, "all but one of our newspapers is profitable." Turns out the unprofitable one is the Pioneer Press. MediaNews, bankruptcy and the fog of media war Who will be next? And is the mating of banko companies the look of the next year? Dean Singleton bit the bitter bullet last week. After staving off bankruptcy for all of 2009, telling MediaNews execs that the company would not need to take that route, the company succumbed. MediaNews is following Morris into bankruptcy, both taking the neater, pre-packaged route, allowing quicker movement through the courts and, importantly, a continuity of leadership. Singleton's next chapter: Can he steer MediaNews to a digital future? In August 2006, as part of a deal that netted MediaNews Group the Contra Costa Times, San Jose Mercury News, and the St. Paul Pioneer Press, the Hearst Corporation agreed to make a $300 million equity investment in MediaNews. At that point, the peak of MediaNews' company's expansion and with revenue and cash flow at an all-time high, the holdings of the principal stockholders -- the Singleton and Scudder families -- net of debt, were arguably worth more than $500 million each. Singleton, Lodovic to control MediaNews after 'prepackaged' chapter 11 filing Lenders to MediaNews Group, the nation's second-biggest chain of newspapers, will get the great majority of its equity but not control of the company when its holding company files a prepackaged Chapter 11 bankruptcy reorganization. Chapter 11 bankruptcy pact lets Singleton cut debt Affiliated Media Inc., the holding company for MediaNews Group, and its lenders have agreed on a plan to restructure $930 million in debt, the Denver-based company announced Friday. The agreement swaps debt for equity, retains the current management team and excludes all of the company's media properties. Guild to seek voice in MediaNews debt plan National coalition retains legal counsel A national coalition of Guild units representing MediaNews workers in California, Minnesota, Colorado and Michigan gathered Saturday in San Francisco issued a statement about the MediaNews Group's announced debt reorganization and planned bankruptcy filing. The Guild said legal counsel is working to ensure employees are represented in the process, adding that the union intends a constructive approach. MediaNews holding company to seek bankruptcy protection The holding company of MediaNews Group Inc., the publisher of dozens of newspapers including the Denver Post and San Jose Mercury News, said Friday that it plans to seek bankruptcy protection, the latest in a string of troubled newspaper companies to seek refuge from creditors amid unsustainable debt loads. Singleton praises Pioneer Press, but cuts still loom Like employees throughout Denver-based MediaNews Group, Pioneer Press staffers received a cheery end-of-year memo from CEO Dean Singleton and President Jody Lodovic. The big news: Debt-racked MNG pledges a late-winter 2010 financial restructuring. Strupp: My top 10 newspaper biz stories 2009 Another year of changes for the newspaper industry, not to mention E&P. We saw mobile sprint forward, print decrease, employees give back, and some familiar faces depart. Still, the news is being delivered and the newsrooms continue to hum, in most places, even at reduced volume. Don't bet newspapers will get rich shunning Google There's an intriguing idea floating around the media: Microsoft Corp. wants to undercut Google so badly in Internet search that it might pay newspapers to withhold their content from Google. Time spent at top 30 news web sites drops in October Just like the nation's top newspapers, other leading news sites experienced a falloff in the average time spent per person during October. MediaNews Group, A.H. Belo following Murdoch out the door at Google? Two more newspaper chains are echoing News Corp. Chairman Rupert Murdoch's rumblings about blocking content from Google's search index. Anschutz, Singleton partner to sell newspaper ads in California Philip Anschutz's Clarity Media Group and William Dean Singleton's MediaNews Group Inc. -- both based in Denver -- have launched a partnership to sell newspaper ads in northern California. Nine questions: Glossy Chron, the Dow Jones upsell, chic in Chico and a week without the Tribune? So the newspaper industry is taking a page from indie film ("A Day Without a Mexican"), dailies are hiring execs from the alternative press, and we're seeing new, almost-daily, mating rituals between older and newer news media. MediaNews to launch partial pay walls at two newspaper sites MediaNews Group plans to put up pay walls at two of its newspapers in early 2010, but with only some content requiring a fee. MediaNews Group in Bay Area cutting Guild salaries 5% Newspaper Guild members at MediaNews Group's nine East Bay dailies outside of San Francisco will see an average 5% pay cut in their paychecks on Friday. Bay Area online news renaissance: 7 pointers forward The Bay Area's online news scene is now popping, waking up from a prolonged period of somnolence, and pointing a way toward an online news renaissance across the country. S.F. gets biggest-ever local news non-profit A $5 million grant from a single philanthropist will fund the launch in the San Francisco area of the most ambitious project yet to build a non-profit news organization to fill the growing vacuum left by the contraction of the mainstream media. MediaNews Group full owner of Camera, other papers Prairie Mountain Publishing Co., which publishes the Daily Camera and Colorado Daily newspapers in Boulder, is now fully owned by Denver-based MediaNews Group Inc. 9 questions: Everyblock's new location, do-over strategies, sly sports moves and Madeleine Brand Late midsummer brings hugely cautious optimism, and lots of identity guessing games -- who has Journalism Online signed?; what's Rupert really up to? -- worthy of William Shakespeare. Here's nine questions for the time. News Corp. pushing to create an online news consortium The media giant, advocating a model that would charge for news distributed online and on portable devices, has met recently with major publishers As newspapers across the country struggle with declining readership and advertising revenue, News Corp. executives have been meeting in recent weeks with publishers about forming a consortium that would charge for news distributed online and on portable devices -- and potentially stem the rising tide of red ink. Denver Post circulation meets Dean Singleton's goal -- for the first month After the February 27 closure of the Rocky Mountain News, Dean Singleton, chairman of MediaNews Group and publisher of the Denver Post, said he wanted to retain 80 percent of Rocky subscribers. Freep exempt from latest round of Gannett layoffs The Detroit Free Press is exempt from the mass layoffs taking place today at McLean, Va.-based corporate parent Gannett Co. Inc. Adios, Gannett Blog; where are the rest of the watchblogs? You have to admit, Gannett Blog kind of jumped the shark. When Jim Hopkins got started with it, Gannett Blog was a useful compendium of news, gossip, tips and analysis about the country's largest newspaper publishing company, and occasionally he would uncover something nobody else had noticed. MediaNews Bay Area papers laying off in newsrooms MediaNews Group's Bay Area News Group-East Bay (BANG-EB) newspapers in California plan to lay off 18 newsroom employees, but is first offering volunteers a sweetened severance package. MediaNews Group: We're not on brink of bankruptcy MediaNews Group late Wednesday denied a report in an investors newsletter that it is arranging a pre-packaged bankruptcy -- or readying any change in ownership of the Denver-based publisher controlled by William Dean Singleton and Richard B. Scudder. A closer look at MediaNews Group's debt When the Rocky Mountain News was put up for sale in December (a move that prefigured its February closure), employees clinging to hopes of a last minute reversal of fortune repeatedly pointed to the debts burdening MediaNews Group, owner of the Rocky's rival, the Denver Post. Because MediaNews, chaired by Post publisher Dean Singleton, isn't a public company, however, it was mighty difficult to quantify the depth of that debt. But a new article offers some tantalizing clues. Pocantico signals new networked future for 'watchdog' news sites Pocantico once served as one of the Rockefellers' family estates. Stately, 45 minutes north of Manhattan, it speaks to the wealth of an earlier industrial era. The Rockefellers, of course, built their fortunes on oil, but their brethren, like the Hearsts and the Pulitzers built them on paper and ink. The kinship is palpable as we move into the era of digital publishing and renewable energy. Top 30 news sites for May -- some biggies stall Two top news sites grew monthly unique visitors the most in May: Fox News Digital Network, up 49% and the New York Daily News Online, also up 49% year-over-year, according to new data from Nielsen Online. New Detroit Daily: Nature (and entrepreneurs) fills gaps Ah, even the name is a rebuke: Detroit Daily Press. Entrepreneurs Mark and Gary Stern announced today that, within 60 days, Detroiters will once again be able to get a newspaper delivered to their door seven days a week, though it will have neither the Detroit Free Press nor Detroit News name attached to it. SPECIAL REPORT Facing pay cuts, furloughs to avoid layoffs When owners of The Philadelphia Inquirer and Philadelphia Daily News asked guild members last fall to give up a $25-per-week raise, most were agreeable to the idea. Shelly Richards, a member of the Philadelphia Newspaper Guild executive board and an advertising customer services employee, says they all knew the company was in dire straits, with ad revenue and circulation plummeting. BANG-EB UNIT BULLETIN East Bay approves first contract by near unanimous vote Fifty-seven in favor, two opposed in ratification meetings Members of the Bay Area News Group-East Bay Unit of the California Media Workers Guild voted overwhelmingly Tuesday to approve their first Guild contract since organizing last June. The vote was 57 in favor, 2 opposed, in ballots cast during ratification meetings held in Walnut Creek and in Oakland. The tally did not include absentee ballots, which were too few to have affected the outcome. BARGAINING BULLETIN First contract up for member vote Tuesday Negotiators for the Bay Area News Group-East Bay Guild Unit reached a tentative agreement with company management Thursday for a new labor contract. The proposed labor agreement would be the first for the 180-member BANG-East Bay Unit, which organized in June 2008. Guild members now get to vote whether to ratify the accord. Meetings are being scheduled in Walnut Creek and Oakland for Tuesday June 2. Details will be announced soon. Singleton founded MediaNews Group in 1983 and in its 26th year, MediaNews is one of the nation's largest newspaper companies, currently publishing 61 daily newspapers and twice as many non-daily publications in 12 states. Charging for online: Salvation or suicide? The Arkansas Democrat-Gazette is a rarity among large U.S. newspapers -- it's selling more weekday copies than a decade ago. In Idaho, the Post Register's circulation has remained stable, while many other print publications have lost readers to the Internet. How can this be?
As the chairman of MediaNews Group, which owns more than 100 publications and media properties across the country, including the Denver Post, Dean Singleton is a divisive figure in many quarters. But like him or loathe him, he's a true believer in the daily newspaper, and his attempts to safeguard the form could have a profound impact on the medium as a whole. MediaNews' plan to save newspapers: More separation between print and Web In the latest new media survival plan, MediaNews Group wants to create more distance between its traditional print properties and its newspaper websites. Denver Post now printing Fort Collins Coloradoan The Denver Post today is printing the Fort Collins Coloradoan and the copies of USA Today that once rolled off the Coloradoan's press. MediaNews will 'move away' from making print free on Web MediaNews Group CEO William Dean Singleton and President Jodi Lodovic announced to employees recently a plan to provide less print content on the Web for free and differentiate Web site news from the print product. Denver Post claims 95% retention of Rocky subscribers The Denver Post says it retained 95 percent of home-delivery subscribers to the Rocky Mountain News in the first month after the News folded. Top 30 global news sites, by unique visitors Growth at The Huffington Post has slowed in March, according to new numbers from Nielsen Online, which tracks the top 30 global news/current events sites. Huff Post's monthly uniques advanced 27% year-over-year to 6.7 million in March; in February, the site recorded a monthly spike of 137% (year-over-year) to 8.8 million users. Journalism online: Part of the Web $2.0 goldrush Maybe we should call it Web $2.0. There's a goldrush underway, all of a sudden, though no one can yet pinpoint the location of the precious stuff. Will this be an El Dorado fantasy or is it say late 1847, a couple of years before modern California took shape as miners hit vein after vein of shimmery gold? AP targets online theft, changes rates and notice requirements The Associated Press Monday announced a string of changes that included a new effort to protect content from online theft, a further reduction in some rates, and a change in the notice requirement for members to drop the service, from two years notice to one. First furloughs, now paid vacation accruals, halted at some MediaNews papers Employees at MediaNews Los Angeles Newspaper Group (LANG) papers are no longer accruing paid vacation. Under a policy that began Sunday, vacation accrual for employees at the Los Angeles Daily News and other papers in the Southern California group was suspended until at least July 4. MediaNews reaches deal to defer debt payments MediaNews, the debt-burdened newspaper company, has struck an accord with its lenders and its bondholders in which it will forgo making a principal payment on its debt, according to people briefed on the matter. The privately held company elected not to make a payment to its lenders due March 31, these people said. Detroit papers: First Monday without a new edition Missing from the doorsteps and driveways of many Michigan homes Monday morning: newspapers. In a bold but risky move aimed at ensuring their survival in the digital age, The Detroit News and the Detroit Free Press are reducing home delivery to the three days a week most popular with advertisers--Thursdays, Fridays and Sundays. Michigan's spawns new hybrid age Of news(papers) The news about the news has been truly horrific this week. Massive bloodletting from coast to shaking coast. Staff cuts, furloughs everywhere. Amid the doom, gloom and cutting, let's keep our eye on what is turning into ground zero for what's next. Michigan. Alternative ownership buzz raises flagging hopes Alternative ownership ideas are all the rage as the traditional newspaper business model falters. The one that may have the most buzz is called the Low-Profit Limited Liability Company, or L3C, a corporation that qualifies as a charity under IRS rules but runs as a for-profit business. In Peoria, Ill., the Newspaper Guild is in hot pursuit of a new L3C owner to rescue the Journal Star from the GateHouse chain. Denver Post's business arm lays off 40; plans 200 job cuts The Denver Post's business arm laid off 40 employees Friday as the first phase of a planned 200-worker reduction of its 1,050-person staff over the next few weeks. MediaNews asks S&P to drop credit ratings after downgrade Standard & Poor's Ratings Services has withdrawn all its credit ratings of MediaNews Group Inc. at the newspaper chain's request. Standard & Poor's lowers debt rating for MediaNews Group Standard & Poor's Ratings Service has lowered its issue-level rating for MediaNews Group Inc.'s secured credit facilities to CCC from CCC+, bringing the rating in line with the Denver newspaper chain's corporate credit rating. San Diego U-T sold to Platinum Equity -- Black Press involved After nine months of sitting on the auction block, The San Diego Union-Tribune has finally found a buyer. MediaNews chief Singleton says San Francisco newspaper consolidation 'might be a smart thing' The potential of lifting antitrust barriers to consolidating all the major newspapers in the San Francisco Bay Area sounds like a good idea to MediaNews Group Inc. CEO William Dean Singleton, who already publishes almost all daily papers in the region except the struggling San Francisco Chronicle.
Pelosi goes to bat to keep Bay Area papers alive House Speaker Nancy Pelosi, worried about the fate of The Chronicle and other financially struggling newspapers, urged the Justice Department Monday to consider giving Bay Area papers more leeway to merge or consolidate business operations to stay afloat. Workers OK deal in effort to save San Francisco Chronicle San Francisco Chronicle employees Saturday voted to accept steep concessions to their contract as part of a deal that is expected to cut at least 150 jobs from the newsroom and other departments, yet which the company said is vital to keep the paper from closing. About that newspaper 'doomsday' list Don't lose too much sleep over the list of 10 supposedly doomed newspapers that made the rounds in the last couple of days. As cities go from two papers to one, talk of zero The history of The Seattle Post-Intelligencer stretches back more than two decades before Washington became a state, but after 146 years of publishing, the paper is expected to print its last issue next week, perhaps surviving only in a much smaller online version. Another newspaper deathwatch list with no real news Another day, another deathwatch list, though with about as much new news as the infoporn tossed about by Real Clear Politics and Time magazine. Four newspaper chains makes Moody's 'Bottom Rung' of risky debtors MediaNews Group Inc. on the list Moody's Investors Service, the big credit rating agency, on Tuesday launched a new database and quarterly report of companies in the most serious danger of default -- and four newspaper companies are among those on the "Bottom Rung." Did the Star Tribune spend $11.5 million defending Par Ridder? Bankruptcy filings are a boon to reporters because they disgorge information private companies otherwise keep hidden. But like Lucy snatching away the football, some of the juiciest stuff is blacked out when the documents are released. Kindle, e-reader, I-News mania looks like news gizmo-itis We've found the problem, and it is apparently the Internet. Why else are publishers touting every conceivable non-desktop, non-laptop, non-smartphone gizmo as a way to save the industry. Merc: 'It's a Spectacular Time to Buy a Car' As the economic vise tightens around all of us, but around newspapers more tightly than most, readers may become more suspicious about the influences bearing down on what was once a free and vibrant press. Suspicions like being unduly influenced by commercial pressures. Pioneer Press owner's goofy print-at-home plan I literally had to read this story twice to make sure I wasn't being spoofed: PiPress owner MediaNews Group will test a proprietary device that prints a customized newspaper in your home. The trial, bearing the H.G. Wellsian label "Individuated News" or I-News, will be tested in L.A. this summer. Pioneer Press: In bigger trouble than the Star Tribune? With a hat tip to Minnesota Independent's Paul Schmelzer, an unbylined piece at Real Clear Politics has declared the Pioneer Press the eighth most endangered U.S. newspapers ... and the Star Tribune didn't make the list. With Rocky folded, MediaNews picking up all of Boulder Daily Camera While the closing of the Rocky Mountain News -- the biggest U.S. daily ever to fold -- made headlines around the globe, a related development was little noticed outside of Colorado: MediaNews Group will soon take complete control of The Daily Camera in Boulder and two other dailies.
Q&A with David Milstead about the death of the Rocky Mountain News The most dogged and enterprising journalist to write about the Rocky Mountain News' closure saga came from the Rocky's own newsroom. Business columnist and reporter David Milstead broke story after story. LANG to outsource printing of several titles to two shops In late May, the Los Angeles Daily News in Woodland Hills, Calif., and the Long Beach Press-Telegram will outsource their printing to Southwest Offset Printing, in Gardena, Calif. MediaNews CEO talks about sharing ad sales, content between Camera and Denver Post The new owner of the Camera on Friday reiterated that employees and readers should not see a significant impact as a result of the paper's publishing company now being fully owned by Denver-based MediaNews Group Inc. Other Colorado papers go to MediaNews As part of the closure of the Rocky Mountain News, the E.W. Scripps Co. announced that its interest in Prairie Mountain Publishing will be transferred to Denver Post owner MediaNews Group later this year. Singleton on Rocky closing: 'Sad day'--but will help his paper William Dean Singleton, whose Denver Post will soon be the lone daily paper in that city, said he is sad that the rival Rocky Mountain News will close after Friday. But he is not surprised. Rocky Mountain News to close, publish final edition Friday The Rocky Mountain News publishes its last paper tomorrow. Rich Boehne, chief executive officer of Scripps, broke the news to the Rocky staff at noon today, ending nearly three months of speculation over the paper's future. Singleton watching SF Chronicle situation 'sith interest' William Dean Singleton, whose company owns nearly every daily newspaper in the Bay Area outside of the San Francisco Chronicle, remained mum on whether he would be interested in the Chronicle following Hearst's announcement that it may sell or close the paper. Hearst, MediaNews: You can invent the future in San Francisco See that bridge? When finished in 1937, it was not an incremental step. It was a leap into the future. Wouldn't it be a terrific idea to search for the boldest, most imaginative solution to your problems in California? SF Chron cost-cut target equals 47% of staff If the San Francisco Chronicle had to slash enough payroll to offset the more than $50 million operating loss threatening its future, nearly half of its 1,500 employees would be dismissed. Chronicle crackdown prompts question: Where's the Bay Area online super startup? We knew that Hearst's moves in Seattle -- saying in early January that it would sell or close down the Post-Intelligencer -- was just a dry run for San Francisco. After all, the Hearst-owned Chronicle has bled more than a quarter of a billion dollars by most estimates since Hearst bought it in 2000. Now that's pre-recession loss. If we say the storm of recession is taking down the weakened trees, we'd have to say that it will of course taken the fallen timber with it. Hearst threat to close Chronicle underscores 'terrible' climate Hearst Co.'s plan to close or sell its San Francisco Chronicle newspaper unless it can cut more jobs signals that the industry's advertising sales may be headed to new lows. Top 30 global news sites, by unique visitors The Huffington Post edged out other news sites in growth -- monthly uniques for the site increased 152% to 7.3 million in January. In December the Huff Post had 6.1 million uniques. |
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