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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Court quashed warrant but did not order federal police to destroy material, exposing Annika Smethurst and source to possible prosecutionThe News Corporation journalist Annika Smethurst has won a high court case challenging the legality of the police raid on her home seeking the source of leaked... Continue reading at The Guardian
[ The Guardian | 2020-04-15 00:35:17 UTC ]
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Your local library might have closed its physical doors, but its digital holdings are still open to the public—and at all hours.Free loans on ebooks, movies, audiobooks, and magazines represent just one aspect of your library’s offerings for enrichment. Your library might also let you read... Continue reading at PC World
[ PC World | 2020-04-08 10:00:00 UTC ]
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Call it a case of fortuitous timing: as the nation's unemployment rate approaches historic levels and Americans brace for the second major economic downturn in a decade, Meredith Corp. announced this week that it just so happens to have a new personal-finance-focused print and digital magazine... Continue reading at Folio Magazine
[ Folio Magazine | 2020-04-07 17:21:16 UTC ]
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Diamond Comic Distributors has announced it will not be shipping new comic books to retailers "until further notice" due to the coronavirus outbreak. Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-03-25 00:11:33 UTC ]
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As City AM suspends publication, regional print media are coming under increasing pressurePlayboy, the glossy magazine relic of the pre-#MeToo era as well as the occasional publisher of Margaret Atwood, among others, would seem to have little in common with City AM, the business-led freesheet... Continue reading at The Guardian
[ The Guardian | 2020-03-22 14:00:08 UTC ]
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How one school librarian has addressed fake news in his curriculum -- and how it can be replicated. Continue reading at Book Riot
[ Book Riot | 2020-03-15 10:31:27 UTC ]
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‘We never overplayed the arson story,’ Campbell Reid protests. Plus: Virginia Trioli punches backCampbell Reid came armed with facts and figures to defend the Murdoch empire from accusations of climate denialism.News Corp’s corporate affairs executive was part of a Judith Neilson Institute... Continue reading at The Guardian
[ The Guardian | 2020-03-13 02:26:57 UTC ]
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LiveKindly will now not just produce vegan content but also vegan food. For the past few years, LiveKindly has been a digital media company with a focus on plant-based food stories like “The Beyond Burger just launched at Ikea” or “Colgate just launched 2 certified vegan toothpastes.” Now it’s... Continue reading at Fast Company
[ Fast Company | 2020-03-12 14:45:06 UTC ]
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Deep cleaning is being ramped up at the News UK building, home of HarperCollins, after an employee of the Times tested positive for the coronavirus. Continue reading at The Bookseller
[ The Bookseller | 2020-03-11 20:24:36 UTC ]
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The three senior employees at Wayne State U Press who were fired on Feb. 7 and rehired on Feb. 21 have filed a complaint with the EEOC and Michigan Dept. of Human Rights, charging discrimination on the basis of race. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-11 04:00:00 UTC ]
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More than 50 Australian Associated Press journalists are likely to be offered jobs at News Corp Australia and Nine Entertainment as the Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-03-04 19:15:48 UTC ]
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Wimbledon BookFest has been forced to cancel its World Book Day event featuring authors Sita Brachmachari, Konnie Huq and Karyn Parsons, because of a local coronavirus case. Continue reading at The Bookseller
[ The Bookseller | 2020-03-04 10:24:07 UTC ]
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Around 200 journalists are set to be made redundant by the shock closure, which will hit the industry hardMore than 50 Australian Associated Press journalists are likely to be offered jobs at News Corp Australia and Nine Entertainment as the two media giants look to boost staff ranks after... Continue reading at The Guardian
[ The Guardian | 2020-03-04 09:33:19 UTC ]
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Seattle magazine is coming home. The 54 year-old monthly has been acquired by local entrepreneur Jonathan Sposato, co-founder and chairman of the tech site GeekWire.com and the online photo editing service PicMonkey, he announced Monday. Terms of the deal were not disclosed. The seller,... Continue reading at Folio Magazine
[ Folio Magazine | 2020-03-02 22:55:02 UTC ]
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Australian Associated Press board to discuss future of wire service, which is 45% owned by News CorpNews agency Australian Associated Press, whose 180 journalists provide much of the nation’s daily news and photos, is facing an uncertain future as major shareholders Nine Entertainment and News... Continue reading at The Guardian
[ The Guardian | 2020-03-02 01:40:44 UTC ]
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The bills propose to give elected parental review boards the power to decide which “age-appropriate" materials can be accessible to minors within a public library, with librarians who don’t comply with the board’s decisions subject to prison time. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-28 05:00:00 UTC ]
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Condé Nast is throwing down the gauntlet to cable TV and "dated DIY and renovation formats" of its popular programs, the company said ahead of an event celebrating the launch of Home/Made, its new network of home-focused content pulled from across many of its brands and targeting millennial... Continue reading at Folio Magazine
[ Folio Magazine | 2020-02-25 20:12:46 UTC ]
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The three senior employees recently fired from their jobs at Wayne State University Press have been re-hired, but their attorney is not ruling out litigation against the university for discrimination, retaliation, and due process claims. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-24 05:00:00 UTC ]
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Arizent, the B2B media and events firm previously known as SourceMedia, has closed two of its 19 publications as it concentrates its focus on the financial services space after unveiling a new corporate branding in January. Health Data Management, a 27-year-old brand which included a quarterly... Continue reading at Folio Magazine
[ Folio Magazine | 2020-02-20 12:54:41 UTC ]
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Wayne State University Press remains embroiled in controversy since the firings of three senior employees. The president's office has assumed oversight for the press, and interim director Tara Reeser is stepping down. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-18 05:00:00 UTC ]
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