The nation’s second-largest newspaper company had paid off most of its old debt and still generates positive cashflow. But it might head to bankruptcy anyway so investors can get paid.
The number of employees soon to be cut at the No. 1 U.S. newspaper chain is about the same number as the No. 2 chain has in total. But newsrooms should mostly be spared — for now.
What will the largest local news company need to do and be to be successful in the 2020s? Neither Gannett nor Gatehouse has offered any big vision of what that is, or could be, even fueled by new money.
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?
Doctor, Ken. "Newsonomics: Canada’s government imagines what a news-less future might look like." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 28 Nov. 2016. Web. 24 Jul. 2024.
APA
Doctor, K. (2016, Nov. 28). Newsonomics: Canada’s government imagines what a news-less future might look like. Nieman Journalism Lab. Retrieved July 24, 2024, from https://www.niemanlab.org/2016/11/newsonomics-canadas-government-imagines-what-a-news-less-future-might-look-like/
Chicago
Doctor, Ken. "Newsonomics: Canada’s government imagines what a news-less future might look like." Nieman Journalism Lab. Last modified November 28, 2016. Accessed July 24, 2024. https://www.niemanlab.org/2016/11/newsonomics-canadas-government-imagines-what-a-news-less-future-might-look-like/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2016/11/newsonomics-canadas-government-imagines-what-a-news-less-future-might-look-like/
| title = Newsonomics: Canada’s government imagines what a news-less future might look like
| last = Doctor
| first = Ken
| work = [[Nieman Journalism Lab]]
| date = 28 November 2016
| accessdate = 24 July 2024
| ref = {{harvid|Doctor|2016}}
}}
