Friday, August 18, 2017
KANSAS CITY STAR PARENT COMPANY STOCK PLUNGES TO NEW 52-WEEK LOW!!!
A bit of financial news from our blog community offers a perspective on the state of local media on the Friday after work update . . .
To wit . . .
TKC TIPSTERS CLAIM JOURNALISM FAIL WORKS AGAINST THE STOCK PRICE OF KANSAS CITY STAR AND McCLATCHY!!!
Take a look at a chart from today . . .
Here's a quick note sent our way that's worth a peek . . .
Crash & Burn @ The Newspaper . . .
JOURNALISTIC SINS SEND MCCLATCHY EMPLOYEES TO PURGATORY
FRIDAY AUGUST 18 BRINGS A FRESH 52-WEEK LOW TO SHARE PRICE
Trivia question: What do Kansas City Mayor James, his son Malik James (editorializes against governor Greitens), and the KC Star have in common?
Answer: None of them own real estate in KCMO.
Frankly, we have to disagree . . . With few exceptions, newspapers across the nation are failing and dead-tree organizations aren't finding any respite in their online offerings.
Real talk: The Star could be a champion of Prez Trump and that still wouldn't inspire people to put down their phones and pick up a newspaper. The fall of the Kansas City Star is a trend facilitated by technology not politics.
Look around at any public gathering and watch most people scrolling their social media feeds rather than carrying the local rag around.
Further reading . . .
Poynter: McClatchy quarterly results and forecast show more stormy weather ahead for newspaper organizations
You decide . . .