Business Journalism

POYNTER

Reader's Digest parent company bets its life on hearth-and-home, wholesome audience

Bonnie Kintzer has had plenty of experience as a publishing consultant and executive as well as earning a Harvard MBA degree. Still, when she signed on as CEO in April 2014 to turn around the twice-bankrupt Reader's Digest Association, it may have looked from the outside like Mission Impossible. "I came in with my eyes fully open," Kintzer said, … Read More
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Tribune Publishing indicates that it does want to buy the Orange County Register

Tribune Publishing took legal action today confirming speculation that it hopes to buy Freedom Communications and its Orange County Register out of federal bankruptcy court. At a hearing, the Wall Street Journal reported, Tribune offered to contribute $3 million to the bankruptcy in exchange for a right to bid on the property when the proceedings are completed. Under … Read More
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Freedom Communications, parent of Orange County Register, files for bankruptcy -- again

Freedom Communications Inc., owner of the Orange County Register, has filed for bankruptcy. Rich Mirman, Freedom's chief executive and publisher, says he expects the bankruptcy case to have no impact on day-to-day operations. (AP Photo/Jae C. Hong, File) The Orange County Register's parent company, Freedom Communications filed for bankruptcy protection Sunday. Given the company's multiple financial problems, that … Read More
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For Philly's durable Daily News, it looks like the beginning of the end

The Philadelphia Inquirer and Daily News building is seen in Philadelphia, Tuesday, Jan. 2, 2007. Cuts are expected as the papers plan to merge operations. (AP Photo/Matt Rourke) Updated to include comment from Philadelphia Media Network and other new information. Newsroom cuts at the Philadelphia Media Network's Inquirer and Daily News, announced at a staff meeting Friday, look … Read More
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Post and Courier in Charleston shows that family-owned newspapers can still work

The front page of the Post and Courier after the horrific shootings after a church prayer meeting. In this year of consolidation in the newspaper industry, Gannett, New Media Investment Group and Tribune Publishing have scooped up dozens of titles in the name of efficiency. That makes the family-owned Post and Courier of Charleston, S.C. an outlier -- and … Read More
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As ad blocking issue ripens, conciliatory publishers accept some blame

Over the last month, a new tone has crept into the debate about how to respond to the increasing use of ad blockers. Industry groups now concede the bigger problem behind the problem is slow load times and that they have only themselves to blame. Wednesday the Local Media Consortium, which represents many but not all newspaper companies in … Read More
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Philly media owner explored a nonprofit path

The Philadelphia Inquirer and Daily News building is seen in Philadelphia, Tuesday, Jan. 2, 2007. (AP Photo/Matt Rourke)The owner of The Philadelphia Inquirer, Daily News and Philly.com has given thought to shifting to non-profit ownership status, aligning with Temple University. It was unclear Thursday whether discussions held by H.F. "Gerry" Lenfest  go beyond the theoretical at this point . Read More
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Five quick takes on Business Insider's sale to Axel Springer

The headquarters of German media and publishing house Axel Springer in Berlin are seen in this Jan. 5, 2006 file picture. (AP Photo/Markus Schreiber)Confirmation today that German publisher Axel Springer is paying $343 million for an 88 percent stake in Business Insider is the latest in a wave of digital start-up acquisitions and investments by legacy companies. The … Read More
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Financial maneuvers bring McClatchy share price back up

Typically, having a stock trading at $1.26 a share is not cause for celebration. But when McClatchy stock closed at that level today, it represented a gain of 23.5 percent in the last three trading days. McClatchy was threatened two weeks ago with delisting on the New York Stock Exchange.  The company responded with two moves that appear … Read More
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An expert's forecast -- Canada will have few if any print newspapers by 2025

Ken Goldstein, a leading media business analyst in Canada, has just published a grim prediction for legacy news outlets north of the border: "In 2025, it is likely that there will be few, if any, printed daily newspapers." For good measure, Goldstein adds, "there might be no local broadcast stations in Canada" 10 years from now. While noting … Read More
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Newspaper industry lost 3,800 full-time editorial professionals in 2014

The American Society of News Editors annual newsroom census, released this morning, found that job losses accelerated in 2014, falling by more than 10 percent in a single year. The net job loss of 3,800 brings the total number of news professionals to 32,900 -- with additional losses clearly taking place so far in 2015.  That total is down just … Read More
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Print advertising slump bites digitally oriented Advance too

As Advance publications began dropping print frequency and betting its newspapers' future on digital ad sales five years ago, part of the premise was that print advertising would only continue to decline — and by a lot, not a little. Correct. But the industry's particularly nasty level of print losses in the first half of 2015 have nipped financial results … Read More
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McClatchy reports precipitous print ad declines again for second quarter

McClatchy, in the doghouse with investors for most of the year, reported another disappointing quarter today, eking out a profit of $98,000 on $262 million in revenues. Despite growing digital ad revenues, holding circulation revenues even and reducing debt and interest payments compared to the same quarter a year ago, the results were dragged down by a 12.5 percent … Read More
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5 quick thoughts on the sale of the Financial Times -- a logical deal now that we see it

Most big-deal acquisitions, however unexpected, make sense once they are in place. And the sale of the Financial Times, though quickly consummated since first reports Sunday, was not all that surprising. Here are my quick thoughts on why Japanese Nikkei won the trophy newspaper and what may happen next: No longer a fit: As Pearson has become an education … Read More
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Intrigue in Utah -- Will the Salt Lake Tribune be sold? Or even closed?

Jim Dabakis inside a downtown Salt Lake City coffee shop. (AP 2011 file photo/Lynn DeBruin) Politician and blogger Jim Dabakis got his Utah constituents and others talking last week when he reported that the Salt Lake Tribune will soon be sold. Dabakis also worried that such a sale could be a step toward an eventual closing or put … Read More