Under new owner Alden Global Capital, there’s no plan for the future. There’s just revenue extraction for as long as a generation of older newspaper subscribers live to keep paying their bills.
But Patrick Soon-Shiong’s outside business dealings show the importance of disclosure — especially in an era when more important news organizations are owned by billionaires with business interests in the topics journalists cover.
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.
Doctor, Ken. "Newsonomics: McClatchy’s bid has been rejected. So what’s next for Tribune?." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 14 Dec. 2018. Web. 7 Dec. 2023.
APA
Doctor, K. (2018, Dec. 14). Newsonomics: McClatchy’s bid has been rejected. So what’s next for Tribune?. Nieman Journalism Lab. Retrieved December 7, 2023, from https://www.niemanlab.org/2018/12/newsonomics-mcclatchys-bid-has-been-rejected-so-whats-next-for-tribune/
Chicago
Doctor, Ken. "Newsonomics: McClatchy’s bid has been rejected. So what’s next for Tribune?." Nieman Journalism Lab. Last modified December 14, 2018. Accessed December 7, 2023. https://www.niemanlab.org/2018/12/newsonomics-mcclatchys-bid-has-been-rejected-so-whats-next-for-tribune/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2018/12/newsonomics-mcclatchys-bid-has-been-rejected-so-whats-next-for-tribune/
| title = Newsonomics: McClatchy’s bid has been rejected. So what’s next for Tribune?
| last = Doctor
| first = Ken
| work = [[Nieman Journalism Lab]]
| date = 14 December 2018
| accessdate = 7 December 2023
| ref = {{harvid|Doctor|2018}}
}}
