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Articles tagged Digital First Media (41)

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Since launching in July, The Salt Lake Tribune’s membership program has attracted about 600 paying customers.
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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.
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“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.”
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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.
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At Digital First Media, America’s second-largest newspaper chain, it’s hard to discern a larger plan — beyond painful cutbacks to boost profits.
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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.
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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?
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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.
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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?
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“It’s just slowly working your way through the process and trying not to be too impatient.”
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