“This didn’t take a ton of capital. It just took a lot of willingness on the part of a lot of different folks to collectively figure out what we should do, where are the gaps, and how we can fill them.”
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.
A neighborhood watch Facebook group, reader chatbot, and a state-focused project: “We all serve the greater Coloradoan community and we each have parts to play in that.”
Even without the L.A. Times, it still controls a lot of important newspapers. Will it sell them to Gannett, Murdoch, local individuals in each city — or to yet another private equity firm looking to strip papers for parts?
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.
Doctor, Ken. "Newsonomics: When news companies are no longer built to last." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 16 Jul. 2015. Web. 31 Mar. 2023.
APA
Doctor, K. (2015, Jul. 16). Newsonomics: When news companies are no longer built to last. Nieman Journalism Lab. Retrieved March 31, 2023, from https://www.niemanlab.org/2015/07/newsonomics-when-news-companies-are-no-longer-built-to-last/
Chicago
Doctor, Ken. "Newsonomics: When news companies are no longer built to last." Nieman Journalism Lab. Last modified July 16, 2015. Accessed March 31, 2023. https://www.niemanlab.org/2015/07/newsonomics-when-news-companies-are-no-longer-built-to-last/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2015/07/newsonomics-when-news-companies-are-no-longer-built-to-last/
| title = Newsonomics: When news companies are no longer built to last
| last = Doctor
| first = Ken
| work = [[Nieman Journalism Lab]]
| date = 16 July 2015
| accessdate = 31 March 2023
| ref = {{harvid|Doctor|2015}}
}}
