SATURDAY, JANUARY 6, 2007
Wall Street Journal
Avista co-founder
Thompson Dean says with the Star Tribune, "we got a premium paper in a healthy market, and we paid a very attractive price. ...Newspapers are poised to stabilize their revenue base, and advertising rates are stabilizing."
Gregory Zuckerman says Dean won't discuss whether Avista will slash costs or lay off Strib employees. "Newspapers have to recognize that they are operating in a different environment, with different pressures, declining readership and advertising pressures," says Dean. "We have to get additional revenue growth and do things more efficiently, but that may not be about staff cuts."
Posted at 11:17:48 AM
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