Youngstown Vindicator to cease publication

“The Vindicator (Youngstown, Ohio) will cease publication at the end of August, the paper’s publisher and general manager announced.

“Due to great financial hardships, we spent the last year searching for a buyer to continue to operate The Vindicator and preserve as many jobs as possible while maintaining the paper’s voice in the community. That search has been unsuccessful,” wrote Publisher Betty H. Brown Jagnow and General Manager Mark A. Brown in a June 28 note to readers. “It is with broken hearts that we say goodbye and a final thank you,” they wrote. The note thanked readers, advertisers, carriers and staff.

The paper has seen four generations of Maag-Brown family ownership.

The note detailed efforts made to save the paper, including attacking expenses with the cooperation of the paper’s staff and unions, investing in new presses to become more competitive, raising the price of the newspaper. The paper continued to operate at a loss, the note said.”

Source: News&Tech, 2019 

WSJ commenting changes yield results

“Recently The Wall Street Journal made significant changes to its commenting policy, saying that the paper wants “our web site to lead the way in pushing for elevated discourse.”

Among the changes: only WSJ members can participate, audience conversations will only be available on certain articles and for a set amount of time and all open articles will include a question.

According to Digiday, the new policies are starting to yield positive results.

“The publisher has claimed a higher number of subscribers now reading and writing comments, from a broader demographic than previously,” Digiday writes.

Up by 5 percent is the number of readers going through the comments, WSJ says and Digiday reports.

The quantity of readers posting comments, liking or replying has also risen more than 5 percent, says Digiday. Those who are commenting are younger and more female in numbers than previously, Digiday said.”

Source: News&Tech, 2019

Agfa sells Duratex Media business to Grimco

“Agfa Corporation has sold its Duratex Media business of wide and grand format substrates to Grimco, a national supplier of wholesale sign supplies, substrates and sign printing equipment.

In addition, Grimco is acquiring Agfa’s business relating to the purchase and resale of certain third-party manufactured wide-format products such as flexible, rigid and aqueous substrates, and certain HP and Epson manufactured printing equipment, inks and related service and maintenance activities.

Since its acquisition of Pitman nearly 10 years ago, Agfa has grown the Duratex brand, the company says.

“Selling media has been a successful part of our digital print business, but we believe it is better positioned with a company whose total focus is distribution to propel it to the next level of growth,” said Gunther Mertens, president, Agfa North America. Agfa is headquartered in Belgium.

Agfa and Grimco have also entered into an agreement for Grimco to become a nation-wide authorized reseller in the United States of Agfa’s Anapurna inkjet printer portfolio.”

Source: News&Tech, 2019

 

Future Media buys W from Conde Nast

“Future Media Group has bought W Magazine from Conde Nast. The purchase will bring Wtogether with Surface (covering global design, architecture, art, fashion and culture) and Watch Journal (fine watches) to form Future Media Group. The group will continue to publish eight print issues of W annually while also expanding the brand’s digital and experiential footprint, according to a Future Media news release.

“W has always been an extraordinary and visionary arbiter of style. For over 45 years, its pages have been filled with indelible imagery and exciting journalism,” said Marc Lotenberg, CEO of Future Media Group. “We look forward to honoring and building on that legacy. We know that W will serve as a perfect complement to the publications already in our portfolio.”

Editor-in-chief Stefano Tonchi is replaced by Sara Moonves, Future Media announced. Tonchi has filed a breach of contract suit against Conde parent Advance Publications, saying he was terminated wrongfully, WWD reported.

A spokesman for Conde dubbed Tonchi’s claims “patently false,” WWD reported.

Moonves, who previously worked at Vogue and at T: The New York Times Style Magazine, joined the staff of W as style director in 2017.

Future Media Group will operate W offices in Paris, Milan, New York and Los Angeles.

W was purchased by Condé Nast from The Walt Disney Company in 1999.”

Source: News&Tech, 2019