“Alden [Global Capital]’s strategy and operating
practice is unapologetically cutthroat. The company’s executives believe that
newspapers are on a permanent decline, headed inevitably toward a value of
zero. However, there are differing opinions about how far away that zeroing-out
point is, and over a long interim, smart operators can make a lot of money on
the way down.”
—Ken
Doctor, media analyst, “Newsonomics: By selling to America’s worst newspaper owners,
Michael Ferro ushers the vultures into Tribune,” NiemanLab, Nov. 20,
2019.
• Editorial Comment: Run that black border.
Note: Alden
Capital’s newspaper arm, MNG Enterprises (formerly Digital First
Media), is now the second-largest newspaper group in the U.S.; the newly
combined Gatehouse-Gannett is largest.
PeezPix
Burnt Ranch,
California
FREE! Get TODAY'S WORD ON JOURNALISM in your email This free “service” is sent to 2,000,000 or so subscribers around the planet
more or less every weekday morning during WORD season. If you have recovered
from whatever illness led you to subscribe and don’t want it anymore, send
“unsubscribe” to ted.pease@gmail.com. Or if you want to afflict someone else,
send me the email address and watch the fun begin. (Disclaimer: I just quote
’em, I don’t necessarily endorse ’em. Don’t shoot the messenger.)
“I don’t think writers are sacred,
but words are. They deserve respect. If you get the right ones, in the right
order, you can nudge the world a little.” —Tom Stoppard
No comments:
Post a Comment