newspaper industry

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Venezuela's Newspapers Face Big Problem: No Paper

Some smell government conspiracy

(Newser) - Venezuela hasn't just run out of toilet paper —it's run out of other kinds of paper too, and that's a big problem for the country's newspaper industry. Five papers have already shut down, and more than half of the country's local papers will have... More »

Bezos on Washington Post: I'm 'Not a Magician'

Amazon CEO gives first interview since acquiring the paper

(Newser) - Jeff Bezos gave his first interview since buying the Washington Post today, and he gave it to, well, the Washington Post . Here are some highlights:
  • "We've had three big ideas at Amazon," Bezos explains: "Put the customer first. Invent. And be patient. If you replace '
... More »

NY Times Boss: We're Not for Sale

Arthur Sulzberger firm following Washington Post purchase

(Newser) - The Washington Post and Boston Globe may be changing hands, but don't expect the same fate for the New York Times , says publisher and chair Arthur Sulzberger Jr. "Will our family seek to sell the Times? The answer to that is no. The Times is not for sale,... More »

Red Sox Owner Buys Boston Globe for a Bargain

John Henry getting it for $70M, down from $1B in its heyday

(Newser) - John Henry, the principal owner of the Boston Red Sox, has entered into an agreement to buy the Boston Globe for $70 million, a massive drop from its record $1.1 billion price two decades ago. The impending purchase from the New York Times Co. marks Henry's "first... More »

Kidnap Coverage Is Cleveland Paper's Swan Song

Justin Peters mourns the decline of community reporting

(Newser) - The Plain Dealer's coverage of the Cleveland kidnapping case has been nothing short of riveting, but it will be the paper's "last hurrah," writes Justin Peters on Slate . This summer, at least 53 members of its staff are being laid off, and the paper will deliver... More »

In Times-Picayune 'Blunder,' Proof Print Isn't Dead

Newspaper acted like 'monopolist,' paved way for new paper: David Carr

(Newser) - New Orleans' venerable newspaper bet against its print business—and in so doing, shot itself in the foot, writes David Carr in the New York Times . The Times-Picayune infuriated the city when it planned to cut print editions to three days a week; now, it's going to print a... More »

USA Today Founder Al Neuharth Dead at 89

His focus on short stories, graphics changed newspaper industry

(Newser) - USA Today founder Al Neuharth has died in Cocoa Beach, Florida, at age 89. The news was announced today by USA Today and by the Newseum, which he also founded. Neuharth changed American newspapers by putting easy-to-read articles and bright graphics in his national daily publication, which he began in... More »

Tribune Company Set to Exit Bankruptcy

But it may soon sell off its newspapers

(Newser) - The Tribune Company is set to emerge from bankruptcy today, four years after it filed for Chapter 11 protection as the American economy nosedived. The reorganized multimedia company has a new board of directors that includes plenty of entertainment industry veterans, and profitable assets including eight major daily newspapers and... More »

Tribune Co. Explores Sale of LA Times, Chicago Tribune

Rupert Murdoch rumored to be interested

(Newser) - What happens when you take the Tribune out of the Tribune Co.? We might be about to find out. The company is actively seeking bankers to help sell off its newspapers—potentially including the Chicago Tribune and LA Times—when it emerges from bankruptcy at the end of the... More »

Bloomberg Considers Buying Financial Times

Speculation rampant that venerated paper will soon be available

(Newser) - Michael Bloomberg is doing some serious soul searching about the possibility of buying the Financial Times, sources close to the mayor tell the New York Times . "It's the only paper I'd buy," he allegedly told one associate, and others say that lately he's taken to... More »

This Is Humbling Day for Murdoch

Michael Wolff: News Corp's move to spin off print must sting

(Newser) - Rupert Murdoch has had some lousy days of late, but it's a safe bet that today is the worst of all. In fact, reports that his News Corp might spin off print operations from its more lucrative entertainment side could make this "the most humble day" of his... More »

Murdoch Contemplates Splitting Up News Corp

Separating publishing would make other media more profitable

(Newser) - After resisting investors' pressure for years, Rupert Murdoch is finally considering splitting his News Corp. media empire in two, dividing publishing and the company's other, more lucrative media units, reports the Wall Street Journal . The Murdoch family would likely maintain its control of both companies, similar to Sumner Redstone'... More »

Times-Picayune Lays Off Half of Newsroom Staff

200 workers get the ax, plus 400 at sister papers

(Newser) - New Orleans' venerable Times-Picayune has laid off nearly half of its newsroom staff—and a third of its total workforce—just weeks after the paper announced it's cutting print publication to three days a week. More than 200 staffers—including 84 of 173 newsroom workers—were given notice yesterday... More »

New Orleans Times-Picayune Cutting Back to 3 Days

Historic paper ceasing daily publication

(Newser) - Sad news from one of America's great newspapers: The New Orleans Times-Picayune has announced that it will cease daily publication this fall. The paper, founded as the Picayune in 1837, will now offer print editions just three days a week, on Wednesday, Friday, and Sunday, while continuing to offer... More »

Buffett's Latest Buy: 63 More Newspapers

In $142M deal

(Newser) - Billionaire Warren Buffett's company is making its largest foray into newspapers yet, agreeing to buy 63 papers from Media General Inc. The $142 million deal includes the Richmond Times-Dispatch and the Winston-Salem Journal. The company is selling all its papers except those in Tampa, most importantly the Tampa Tribune.... More »

Los Angeles Times to Launch Paywall

Paper's online content won't be free after March 5

(Newser) - The Los Angeles Times is going behind a paywall next month, joining the ranks of the New York Times, the Wall Street Journal, and most recently, Gannett. (The latter's hasn't gone into effect yet.) The LAT "membership program" will eventually cost $1.99 a week when... More »

Investors Snapping Up Daily Papers

Real estate a major factor in sale of 71 papers last year

(Newser) - Despite plunging revenue and circulation figures, plenty of people in America are still buying daily newspapers—lock, stock, and valuable headquarters. Some 71 daily papers were sold last year, and while some investors see buying a paper as a civic duty, others view it as a way to turn a... More »

Warren Buffett Buys Hometown Newspaper

At $200M, purchase not about investing

(Newser) - Warren Buffett makes news for his multi-billion-dollar investments, not a piddly $200 million—but Buffett surprised many people when he announced yesterday he was spending that to buy his hometown newspaper, the Omaha World-Herald, reports Bloomberg . The billionaire slammed the newspaper industry two years ago, saying it had the "... More »

Time to Occupy Newsrooms

Where unfair bonuses are concerned, media firms rival Wall Street: David Carr

(Newser) - USA Today applauded Occupy Wall Street for attacking firms that give “huge bonuses” to execs who makes terrible decisions. The paper’s right—but it’s being hypocritical. Gannett, owner of USA Today, is a champion of “bonus excess despite miserable operations,” David Carr writes in... More »

New York Times Asks Twitter to Plug Paywall Loophole

Paper aims to firm up pay barrier before launch

(Newser) - The pay barrier for the New York Times' online content goes up on Monday and the newspaper is scrambling to make it more like a wall and less like a curtain full of holes. Users will be allowed 20 page views a month before the barrier comes down. But articles... More »

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