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.”
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.
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.
Coddington, Mark. "This Week in Review: The Fox/Time Warner dance begins, and clickbait and its discontents." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 18 Jul. 2014. Web. 13 Oct. 2024.
APA
Coddington, M. (2014, Jul. 18). This Week in Review: The Fox/Time Warner dance begins, and clickbait and its discontents. Nieman Journalism Lab. Retrieved October 13, 2024, from https://www.niemanlab.org/2014/07/this-week-in-review-the-foxtime-warner-dance-begins-and-clickbait-and-its-discontents/
Chicago
Coddington, Mark. "This Week in Review: The Fox/Time Warner dance begins, and clickbait and its discontents." Nieman Journalism Lab. Last modified July 18, 2014. Accessed October 13, 2024. https://www.niemanlab.org/2014/07/this-week-in-review-the-foxtime-warner-dance-begins-and-clickbait-and-its-discontents/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2014/07/this-week-in-review-the-foxtime-warner-dance-begins-and-clickbait-and-its-discontents/
| title = This Week in Review: The Fox/Time Warner dance begins, and clickbait and its discontents
| last = Coddington
| first = Mark
| work = [[Nieman Journalism Lab]]
| date = 18 July 2014
| accessdate = 13 October 2024
| ref = {{harvid|Coddington|2014}}
}}