“In Philadelphia, reporters wonder whether major layoffs announced last fall don’t presage the folding of the Philadelphia Daily News which, unlike the Inquirer, has been losing money.”
So wrote Matt Cooper in a 1987 story about Knight Ridder. Matter of fact, there was chatter about possibly closing the Daily News even back during my five years at the Inquirer (1977-1982). The buzz has only gotten louder as the newspaper industry has hit hard times over the last decade. It flared again last week with the announcement that the Daily News and Inquirer newsrooms will coordinate coverage as part of their physical merger.
So why is the Daily News virtually the sole survivor among second papers owned by the same company that owns the city’s dominant paper?
Maybe the Daily News is a special case, former publisher Brian Tierney told me Friday in a phone interview. It makes business sense in a way hundreds of casualties over the last 40 years did not. Read more