Wednesday, June 10, 2009
NY Times Co. Seeks Boston Globe Bids
Potential buyers say paper's owner has hired firm to manage possible sale
The New York Times Co. has hired an investment bank to manage the possible sale of The Boston Globe, and the company plans to request bids for Boston's major daily in the next couple of weeks, according to two people who say they may make offers on the newspaper. [Click for MORE]
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The New York Times Co. has hired an investment bank to manage the possible sale of The Boston Globe, and the company plans to request bids for Boston's major daily in the next couple of weeks, according to two people who say they may make offers on the newspaper. [Click for MORE]
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Tuesday, June 9, 2009
Job Description of Today's Reporter
From LAobserved:
The job skills and responsibilities sought in a new county government reporter for the Register in Orange County, CA, could be a template for how out-of-work journalists should market themselves these days. Think solid reporting, the ability to break news and write smart analysis, mixed with posting to blogs and Twitter and comfort on TV and radio. Posting from the newsroom is HERE. Sphere: Related Content
The job skills and responsibilities sought in a new county government reporter for the Register in Orange County, CA, could be a template for how out-of-work journalists should market themselves these days. Think solid reporting, the ability to break news and write smart analysis, mixed with posting to blogs and Twitter and comfort on TV and radio. Posting from the newsroom is HERE. Sphere: Related Content
Storms Still Ahead for the Chicago Tribune
For the Chicago Tribune, Tuesday Dec. 10, 2008 was a fateful day.On that day, the newspaper published its in-depth investigation of the Gov. Rod R. Blagojevich scandal; two days earlier, its parent company, Tribune Co., filed for Chapter 11 bankruptcy.
“That day said the business model is broken,” editor Gerould W. Kern said at a May 21 panel of industry leaders titled “Make Media Matter.”
Before and since December, the newspaper suffered numerous layoffs, lower print circulation and a $13 billion debt load which real estate mogul Sam Zell took on when he purchased the company in April 2007. Zell invested $315 million in equity in the company in an $8.2 billion dollar buyout.
“Reporters are losing their jobs and people are getting lower quality,” said Rick Edmonds, media business analyst for the Poynter Institute, a nonprofit industry education resource. “It’s a lot to do with helping Sam Zell pay the debt, which he isn’t able to do completely anyway.”
Not all newspapers are saddled with debt. But the Chicago Tribune has plenty of company in the pool of struggling papers trying to conquer the Internet and other new technologies, while seeking to overcome economic challenges and attract younger audiences. Experts fear the Tribune’s financial trouble is negatively affecting the credibility of the paper, and with advertising revenues falling, the Tribune must search for other revenue streams and ways to deliver its content. [Click for MORE] Sphere: Related Content
Boston Globe Union Rejects Wage Cuts
Proposal Is Voted Down by 277-265 Vote; Management Calls Concessions Vital to Survival
The Boston Globe's survival was
jeopardized Monday when its largest union rejected a package of wage and benefits cuts that management had deemed necessary to keep New England's largest daily alive.
Members of the Boston Newspaper Guild rejected by a vote of 277 to 265 a proposal by the Globe's parent, New York Times Co., to cut costs at the unprofitable publication.
Times Co. two months ago had told union leaders the paper was on pace to lose $85 million this year and would be closed unless its unions agreed to $20 million in concessions. By Monday, six of the seven unions involved in negotiations had approved new contracts. But that effort hinged on passage by the Guild, which was responsible for half of the $20 million. [Click for MORE] Sphere: Related Content
The Boston Globe's survival was
jeopardized Monday when its largest union rejected a package of wage and benefits cuts that management had deemed necessary to keep New England's largest daily alive.Members of the Boston Newspaper Guild rejected by a vote of 277 to 265 a proposal by the Globe's parent, New York Times Co., to cut costs at the unprofitable publication.
Times Co. two months ago had told union leaders the paper was on pace to lose $85 million this year and would be closed unless its unions agreed to $20 million in concessions. By Monday, six of the seven unions involved in negotiations had approved new contracts. But that effort hinged on passage by the Guild, which was responsible for half of the $20 million. [Click for MORE] Sphere: Related Content
Monday, June 8, 2009
N. Korea Sentences 2 U.S. Journalists
to 12 Years of Hard Labor
North Korea on Monday sentenced two American journalists to 12 years of hard labor in a case widely seen as a test of how far the isolated Communist state was willing to take its confrontation with
the United States.
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the United States.The Central Court, the North’s highest court, held the trial of the two Americans, Laura Ling and Euna Lee, from Thursday to Monday and convicted them of “committing hostilities against the Korean nation and illegal entry,” the North’s official news agency, KCNA, said in a report monitored in Seoul.
Ms. Ling and Ms. Lee were detained by North Korean soldiers patrolling the border between China and North Korea on March 17. [Click for MORE]
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