Lee completes acquisition of Berkshire Hathaway newspaper operations Lee Enterprises has completed its acquisition of BH Media Group’s publications and The Buffalo News, Iowa-based Lee announced today. The acquisition nearly doubled Lee’s audience size and added 30 daily newspapers, more than 49 paid weekly publications with digital sites, and 32 other print products from BHMG, […]
NYT foresees ad drop due to coronavirus The New York Times Company says it foresees a 10% drop in digital ad sales this quarter due to coronavirus. “Like many companies, in recent weeks we have begun to see some economic impact from the coronavirus,” said CEO Mark Thompson in a SEC filing with a March 2 date. […]
Layoffs at Gannett papers “A new round of layoffs has hit numerous Gannett papers. Florida Times-Union reporter Andrew Pantazi has a spreadsheet on which he attempts to keep count of the cuts. The spreadsheet shows more than 90 cuts at the time of this writing. Last week USA Today owner Gannett reported lower revenue and a net […]
Men’s Journal cutting staff, moving operation Men’s Journal is cutting all of its editorial staff and relocating the operation to Carlsbad, California, the New York Post reports. The move should happen by the end of May, the Post said. The publication was bought by American Media in 2017. Around 20 editorial employees will be laid […]
Cox buying back Dayton paper, others Atlanta-based Cox Enterprises is buying back the Dayton Daily News, Springfield News-Sun and Journal-News from Apollo Global Management, the Dayton paper reported. That buyback means the papers can go on publishing seven days a week. That had been in doubt after the Federal Communications Commission said that Apollo could […]
Alden takes stake in Lee after BH Media news “Hedge fund Alden Global Capital’s MNG Enterprises has taken a 5.9% stake in Lee Enterprises. The move came on the heels of the Jan. 29 announcement that Lee is buying Warren Buffett’s BH Media Group publications and The Buffalo News for $140 million in cash. Various media watchers […]
Alabama papers changing print schedule “Starting March 4, the Daily Home (Talladega, Alabama) and Anniston Star (Alabama) will produce print editions of the papers three days a week, Wednesdays, Fridays and a Saturday/Sunday weekend edition delivered on Saturdays. The papers had been printing five days weekly. The papers announced the new schedule. The papers are […]
Great West Newspapers producing Edmonton Sun “Great West Newspapers (GWN) of St Albert, Alberta, Canada, began new daily production of Postmedia’s tabloid Edmonton Sun along with a second regional daily and 14 other weekly and twice-weekly newspapers Jan. 12. GWN has been printing Postmedia’s metro broadsheet, the Edmonton Journal, since the summer of 2013. Although […]
Herald-Times to print in Indianapolis “The Herald-Times (Bloomington, Indiana) is relocating its newspaper printing and production from Bloomington to a plant in Indianapolis that prints the Indianapolis Star, the paper announced. The paper’s news and advertising teams will stay in Bloomington. The move will likely mean some layoffs, but the number has not been set, […]
Portland Tribune cuts back print, launches paywall “The Portland Tribune (Oregon) is making changes, including putting its website behind a paywall and producing one print edition a week, cutting back from two. The changes were set to go into effect the week of Jan. 1. Pamplin Media Group, owned by Robert Pamplin Jr., owns the […]
