Thursday, May 24th, 2012
5

Bunch of Newspapers About to Needlessly Hit the Skids

This time it's Newhouse/Advance's turn to destroy a newspaper: the New Orleans Times-Picayune, to be specific, which will fire a bunch of people, stop publishing daily and generally be suckier. (Also: "a new company, NOLA Media Group, will run the newspaper and its website, and another new company will print and deliver the paper." Innnntriguing.) Enjoy your new life blogging on this hot mess! Your move, McClatchy! Oh wait, Jake Gyllenhaal's uncle has got the destruction covered, okay, great. The whole thing about corporate reorganizing is most interesting: "Tribune and Advance are creating subsidiary companies for their newspapers." Hey, that's what I would do if I were going to dump them.

5 Comments / Post A Comment

skahammer (#587)

I admit that I totally searched the linked page for an article by Jake Gyllenhaal.

Mostly because I wanted to know what it would reveal about Maggie, of course.

She was in Secretary with James Spader, you know.

RJ White@twitter (#93,572)

Advance did this same thing (http://mlivemediagroup.com/home/) for eight newspapers across the entire state of Michigan all at once a few months ago and people didn't freak out nearly as much as this. Why?

@RJ White@twitter I think for one thing far fewer people were familiar with the regional newspapers in Michigan. For instance this morning's announcement also affects the Birmingham News and like four other Alabama newspapers, which will be grafting onto al.com, another hot mess in the nola.com style, but nobody mentions it. For another, Katrina covers that endeared a large national audience to TP.

Mr. B (#10,093)

What drives me nuts about this shit is that Advance isn't even a public company, so they don't have a share price or stockholders to worry about. You'd never guess Conde Nast is owned by the same people.

Mr. B (#10,093)

One thing in their favor, though: the so-called Newhouse Pledge that no one gets summarily laid off for purely economic reasons. So rather than being fired (so far), they get a fairly generous buyouts. (When The Star-Ledger forced out more than half its newsroom staff at the end of '08, everyone got something like 18 months full salary and benefits.)

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