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.
“I think the hard part for something like Esquire or Harper’s Bazaar in digital — even to some extent Vogue — is that you get into the scale game. Digital demands greater scale. I just don’t know how many men are trying to figure out if corduroy is back in fashion.”
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.
The billionaire owner on unions (“I think they did the unionize thing out of desperation”), esports (“We must start fighting for the 16-year-olds all the way to the 30-year-olds, because that’s not our demographic”), and hiring the intern.
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.
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.
Doctor, Ken. "Newsonomics: Tribune’s Thursday night surprise rescrambles the consolidation puzzle." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 18 Jan. 2019. Web. 25 Jun. 2019.
APA
Doctor, K. (2019, Jan. 18). Newsonomics: Tribune’s Thursday night surprise rescrambles the consolidation puzzle. Nieman Journalism Lab. Retrieved June 25, 2019, from https://www.niemanlab.org/2019/01/newsonomics-tribunes-thursday-night-surprise-rescrambles-the-consolidation-puzzle/
Chicago
Doctor, Ken. "Newsonomics: Tribune’s Thursday night surprise rescrambles the consolidation puzzle." Nieman Journalism Lab. Last modified January 18, 2019. Accessed June 25, 2019. https://www.niemanlab.org/2019/01/newsonomics-tribunes-thursday-night-surprise-rescrambles-the-consolidation-puzzle/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2019/01/newsonomics-tribunes-thursday-night-surprise-rescrambles-the-consolidation-puzzle/
| title = Newsonomics: Tribune’s Thursday night surprise rescrambles the consolidation puzzle
| last = Doctor
| first = Ken
| work = [[Nieman Journalism Lab]]
| date = 18 January 2019
| accessdate = 25 June 2019
| ref = {{harvid|Doctor|2019}}
}}
