Nieman Foundation at Harvard
HOME
          
LATEST STORY
Non-mainstream news sites erode people’s interest in politics, study finds
ABOUT                    SUBSCRIBE

Search results for ken doctor consolidation games

The hedge fund that will likely soon control America’s second-largest newspaper chain, Chatham Asset Management, is also majority owner of the National Enquirer and Canada’s largest newspaper chain. It is advancing its “fundamental thesis on late-stage media consolidation in North America.”
But Alden Global Capital would be happy to lend a hand. Plus: When a standstill isn’t really a standstill.
America’s bankrupt No. 2 newspaper chain — owner of dailies in Miami, Kansas City, Charlotte, Sacramento, Fort Worth, and more — is subject to the same consolidation logic as the rest of the industry.
By gutting local advertising overnight, COVID-19 has accelerated strategies — like cutting print days, corporate consolidation, or even closing down offices — that publishers had hoped could wait a while longer.
After ten years of writing for Nieman Lab, Ken takes a big look back and ahead, defining the state of affairs for the troubled world of journalism.
While local newspapers play the 2019 Consolidation Games, the national dailies are busy with the Great Digital Subscriber Race — and making sure they have the right teams and tech in place to win.
The merger of the United States’ No. 1 and No. 2 newspaper chains will likely spark a new wave of consolidation among its smaller competitors. But will the potential cost savings be eaten up by debt payments to financiers?
It’s a few years behind its East Coast brethren in New York and Washington. But tens of millions in new investment and ambitious digital plans are showing a path back to its former prominence — and beyond.
Plus: Debating SI’s LeBron James scoop, a warning for the newspaper industry, and the rest of the week’s media and journalism must-reads.