In an industry where expense reduction is the prime strategy, much more consolidation is likely on the way. Little regulation prevents it, and the financials all favor it.
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.
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: Do newspaper companies have a strategy beyond milking papers for profit?." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 9 Jul. 2015. Web. 20 Apr. 2024.
APA
Doctor, K. (2015, Jul. 9). Newsonomics: Do newspaper companies have a strategy beyond milking papers for profit?. Nieman Journalism Lab. Retrieved April 20, 2024, from https://www.niemanlab.org/2015/07/newsonomics-do-newspaper-companies-have-a-strategy-beyond-milking-papers-for-profit/
Chicago
Doctor, Ken. "Newsonomics: Do newspaper companies have a strategy beyond milking papers for profit?." Nieman Journalism Lab. Last modified July 9, 2015. Accessed April 20, 2024. https://www.niemanlab.org/2015/07/newsonomics-do-newspaper-companies-have-a-strategy-beyond-milking-papers-for-profit/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2015/07/newsonomics-do-newspaper-companies-have-a-strategy-beyond-milking-papers-for-profit/
| title = Newsonomics: Do newspaper companies have a strategy beyond milking papers for profit?
| last = Doctor
| first = Ken
| work = [[Nieman Journalism Lab]]
| date = 9 July 2015
| accessdate = 20 April 2024
| ref = {{harvid|Doctor|2015}}
}}
