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Newspaper company CEOs will be the first to tell you a new round of consolidation won’t solve their problems. But it might give them another year or two of breathing room.
Rupert Murdoch owning the New York Daily News? A McCormick controlling the Chicago Tribune again? The L.A. Times pulling a Washington Post, aiming to run the industry’s underlying infrastructure? A lot of change is coming soon.
Warren Buffett may not have sold his newspapers, but he sure looks to be throwing in the towel.
More than 200 newspapers are up for sale — as one group, in clusters, or one by one. Where they go could have a big impact on how the industry will look in the coming years.
It’s a fresh start for a new set of newspaper companies, built on financial engineering — but that start comes without the safety of a revenue cushion.
2013 could end up making 2012 seem calm by comparison.
A new wave of financial optimism is hitting some corners of the newspaper industry. But there’s still plenty of reason to hesitate.
Rupert Murdoch might be thinking about putting his British newspapers into a trust. Why haven’t we seen more innovation in how news organizations get owned and governed?
January 20, 2011