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Newsonomics: The McClatchy auction ends not with a bang, but only more whimpers
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Articles tagged GateHouse (37)

The company’s stock can’t fall much lower, but the questions surrounding America’s largest newspaper chain are beginning to multiply.
That makes Cox buying back the “daily” newspaper it sold to Apollo Global Capital a year ago a rare newspaper win-win-win.
By selling Berkshire Hathaway’s newspapers to Lee Enterprises, the world’s most successful investor is acknowledging the industry’s downhill slide is not near an end.
What was once expected to be $200 million in annual cost savings has now grown to $400 million or more. But how much blood is left to be drawn from this stone?
“Investigative reporting is great to have, but first we need the basics — and we’re no longer getting them.”
A combined GannHouse (Gatenett?) would own 1 out of every 6 daily newspapers in America. The goal? Buy two or three more years to figure out how to make money in digital.
“We saw opportunity in Rhode Island where quite honestly great newspapers like the Providence Journal were seeing significant cuts and that market is particularly engaged in news.”
This hostile takeover didn’t work out. But the thinking of industry executives remains dominated by the inevitable merging of America’s big newspaper chains.
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.