Even compared to this year’s other brutal weeks for American journalism, the past seven days have been particularly turbulent. Last Wednesday, the publishing giant McClatchy reported severe liquidity problems along with its third-quarter results; its share price has since collapsed from $2.28 to $0.40. Last Thursday, shareholders voted to approve the merger of two more media giants—GateHouse and Gannett—despite stock in GateHouse’s parent, New Media Investment Group, also having cratered since the merger was announced. The deal closed yesterday; the new company is just called Gannett. Also yesterday, Alden Global Capital—a hedge fund, notorious for cost-slashing at its media properties, that itself tried to buy Gannett earlier this year—acquired a 25-percent stake in Tribune Publishing Company, becoming its biggest shareholder. To simplify, the Wall Street types who increasingly control local news are playing with all their biggest chips at once. As Nieman Lab’s Ken Doctor told CNN last night, this week marks a “major turning point” for the industry. “At a time when local news is needed more than ever, it is the bankers who are deciding what will be defined as news, and who will be employed to report it.” From archives: Politico embarrasses WSJ by publishing transcript The closure of the Gannett–GateHouse deal was the least surprising of these new developments, and is probably the most significant. Prior to their merger, the companies were, respectively, America’s first... Continue reading at 'Columbia Journalism Review'
[ Columbia Journalism Review | 2019-11-20 13:10:34 UTC ]
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Mark Chandler, previously senior reporter on The Bookseller, has been promoted to the position of news editor, effective from today (Friday 7th May). Continue reading at The Bookseller
[ The Bookseller | 2021-05-07 22:17:08 UTC ]
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ECPA steps up diversity and inclusion efforts and Tyndale House acquires Hendrickson Publishing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-27 04:00:00 UTC ]
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In a major restructuring, CBS is combining the journalistic and businesses resources of CBS News and the CBS Television Stations, and tapping a pair of executives from outside the company to jointly run it. Days after reports swirled that Susan Zirinsky would be stepping down as the CBS News... Continue reading at AdWeek
[ AdWeek | 2021-04-15 21:01:57 UTC ]
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Lifeway revives in-person events for women, NavPress extends Bible memory skills line to kids, and IVP signs exclusive with Christian Audio. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-14 04:00:00 UTC ]
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Lifeway revives in-person events for women, NavPress extends Bible memory skills line to kids, and IVP signs exclusive with Christian Audio. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-14 04:00:00 UTC ]
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HarperCollins parent News Corp's intended acquisition of HMH Books & Media raises, for some, new concern about consolidation. The post News Corp’s Plan To Acquire Houghton Mifflin’s Trade Division appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-03-31 15:40:39 UTC ]
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Rupert Murdoch’s News Corp. is buying Houghton Mifflin Harcourt’s book-publishing division, with titles by J Continue reading at ABC News
[ ABC News | 2021-03-29 16:27:03 UTC ]
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Baker Books draws new editors, NavPress names a new publisher, and Revell remembers popular author David Stoop. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-23 04:00:00 UTC ]
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The deal with News Corp followed a standoff over legislation passed by the Australian government to compensate publishers. Continue reading at The New York Times
[ The New York Times | 2021-03-16 18:21:40 UTC ]
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The "landmark" deal comes after Australia passed a world-first law targeting Facebook and Google. Continue reading at BBC News
[ BBC News | 2021-03-16 09:56:32 UTC ]
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Annette Sharp suggested solicitor ‘is too old and deaf and can’t even get to court’, barrister saysThe high-profile Sydney criminal lawyer Chris Murphy was portrayed by a newspaper columnist as being “past it, decrepit and over the hill”, his defamation hearing has been told.The meaning... Continue reading at The Guardian
[ The Guardian | 2021-03-16 05:46:43 UTC ]
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News Corp is the largest media company to sign agreement with Facebook since laws passed by Scott Morrison’s governmentRupert Murdoch’s News Corp says a landmark three-year agreement with Facebook to pay for its Australian content will transform the terms of trade for journalism.Facebook has... Continue reading at The Guardian
[ The Guardian | 2021-03-15 23:55:55 UTC ]
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Photographers told to provide images of attractive women and avoid ‘pigs in lipstick’The Weekly Beast: News Corp gives Kevin Rudd the silent treatmentA veteran News Corp Australia photographer has given devastating evidence to a parliamentary inquiry about the way the Murdoch newspapers treated... Continue reading at The Guardian
[ The Guardian | 2021-03-12 07:44:32 UTC ]
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Sky News Australia goes viral overseas. Plus: Nine greenlights Melissa Caddick drama two days after her remains foundSky News Australia’s YouTube channel now has more subscribers than ABC News: 1.31m to Aunty’s 1.129m. When your best prime-time show, Andrew Bolt’s, regularly has about 80,000... Continue reading at The Guardian
[ The Guardian | 2021-03-05 02:42:25 UTC ]
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Google's News Corp deal may pacify Australian lawmakers, but publishing industry members worry about repercussions for smaller publishers. The post ‘I’m afraid of repercussions’: Publishing industry members question Google’s motives in paying off News Corp appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2021-02-18 05:01:00 UTC ]
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Google's News Corp deal may pacify Australian lawmakers, but publishing industry members worry about repercussions for smaller publishers. The post ‘I’m afraid of repercussions’: Publishing industry members question Google’s motives in paying off News Corp appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2021-02-18 05:01:00 UTC ]
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Australia's largest online book retailer Booktopia has had its Facebook page's contents erased following a row between the country's government and the social media giant. Continue reading at The Bookseller
[ The Bookseller | 2021-02-17 21:21:39 UTC ]
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Google has signed a three-year agreement to carry content from News Corp publications. In the US, UK and Australia, Google’s News Showcase will now feature stories from The Wall Street Journal, MarketWatch and other outlets. The financial terms of th... Continue reading at Engadget
[ Engadget | 2021-02-17 18:42:24 UTC ]
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News Corp will receive ‘significant payments’ to feature news outlets in Google’s News ShowcaseGoogle and Rupert Murdoch’s News Corp have signed a multi-year partnership that will lead to the search engine paying for journalism from news sites around the world, including the Wall Street Journal,... Continue reading at The Guardian
[ The Guardian | 2021-02-17 17:11:57 UTC ]
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Is there anything better than (safe, socially distanced, double masked, sanitized) browsing at your local indie? I was having the crumbiest day the other day, and I passed by my local bookstore (the Greenlight on Flatbush, if you know it) as I was running errands. Well, I couldn’t not go in.... Continue reading at Literrary Hub
[ Literrary Hub | 2021-02-09 13:30:25 UTC ]
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