Nieman Foundation at Harvard
The New York Times is buying the gadget and technology review site The Wirecutter for $30 million
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Articles tagged Digital First Media (42)

Buy a company, milk the cash flow, sell off assets, shut it down: It can be a profitable formula. Is this the end game for some metro newspapers?
Since launching in July, The Salt Lake Tribune’s membership program has attracted about 600 paying customers.
If you’re lucky enough to have the right deep-pocketed owner buy your paper and steady it, you’ve won the lottery. If you’re in a town whose paper is owned by the better chains, or committed local ownership, your loss will probably be mitigated. Otherwise, you’re out of luck.
“This isn’t going to be the thing that saves journalism or The Salt Lake Tribune, but I think it’s another oar in the water.”
Newspapers were, for decades, a prime example of a community institution, meant to last through the centuries. A new generation of owners is thinking of them more as something to milk for profit on their way down.
At Digital First Media, America’s second-largest newspaper chain, it’s hard to discern a larger plan — beyond painful cutbacks to boost profits.
It’s taken lots of cuts to keep American newspaper companies even slightly profitable. But without better cashflow, they’ll continue to struggle to build the next version of the industry.
From New York to Los Angeles, a lot of American newspapers will change hands in the next few months. Who wants to own a newspaper in 2015 — and why?
Forget keeping up with the economy — what would it take for the newspaper business just to keep up with inflation? Even the “growth” areas are slowing down.
Bidders are preparing their final bids for a hodgepodge collection of small and large newspapers from coast to coast. Will another company — or private equity — swoop them all up as one?