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Articles tagged m2e (220)

Warren Buffett may not have sold his newspapers, but he sure looks to be throwing in the towel.
“Content is our number-one priority,” Reed said. But he’s unwilling to publicly commit to any new level of funding or staffing to meet that goal.
“We’re never going to beat Google and Facebook in advertising. Let’s focus on what we can beat them at, and that’s being local and selling business owners something that they need terribly.”
What will happen to the price of Tronc shares as investors, a good number of speculators among them, assess the post-L.A. Times value of a major daily newspaper chain effectively halved in the deal?
“Any would-be scenarios involving Tronc include odd tradeoffs, weird valuations, and questions of sheer feasibility.”
For a company that’s known little but chaos in its short life, the degree of uncertainty is now as high as ever. Just about the only thing we know: Tronc execs will come out well in the end.
Former Denver Post owner Dean Singleton is upset that the paper he built “has been totally gutted of news coverage…It is breaking my heart.” Meanwhile, the current owners plan still another round of cuts — and consider killing editorial pages entirely.
Digital First Media’s financials — revealed here — show how the company has ridden its deep cuts to nearly $160 million in profits and the highest margins in the business.
As much of Tronc’s turbulence looks to be clearing, new questions are emerging about who will next lead the big metro chain.
The Cambridge Analytica story is a reminder of the value of a trusted, direct connection between publisher and consumer. Building more of them is the news industry’s best strategy available.