Tampa Tribune

Los Angeles Register

As L.A. Register closes, owner offers another definition of failure

mediawiremorningGood morning. Here are 10 media stories.

  1. Los Angeles Register closes: O.C. Register owner Aaron Kushner immediately ceases publication of the newspaper, which launched in April. “Pundits and local competitors who have closely followed our entry into Los Angeles will be quick to criticize our decision to launch a new newspaper and they will say that we failed,” a memo says. “We believe, the true definition of failure is not taking bold steps toward growth.” (LAT) | That notable bit of Kushner-speak has echoes in this amazing quote from him following buyouts in June: “Everyone says our strategy has failed. Perhaps they should be saying that our strategy has not succeeded?” (OC Weekly) | Another quote! Kushner on the the L.A.
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Tampa Tribune sold to investment firm

The Tampa Tribune | Tampa Bay Times | MarketWatch
Media General sold The Tampa Tribune to Revolution Capital Group, the companies announced Monday. The sales price was $9.5 million.

“It’s a bittersweet day for Media General to complete the sale of its last remaining newspaper group,” Media General CEO Marshall Morton said in a press release. “We believe strongly in the value of local content,” Revolution managing partner Robert Loring said in the release.

Loring told Tampa Tribune reporter Richard Mullins “We are definitely in this for the long haul. We don’t flip businesses.” Read more

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