Sunday, February 16, 2020
Kansas City Business Journal Contemplates The Death & Salvation Of The Star
For this IMPORTANT SUNDAY NOTE the local biz paper relaxes their paywall in order to fact check and offer insight whilst newsies around the metro speculate and share conspiracy theories about the very simple law of supply & demand.
Editor's Briefing: Kill The Star? The future isn't bright
In the newspaper business, the mention of Alden Global Capital elicits looks of fear and disgust from journalists. It has made a name — OK, a profit — from buying up newspaper chains, decimating newsrooms and slashing local coverage.
Who knows what Chatham might do as principal owner of McClatchy. The hedge fund has issued statements pledging support for preserving independent journalism and newsroom jobs.
Translation: More layoffs are coming and WHOEVER the new boss is . . . The end game for this biz that has been losing money consistently for about 20 years isn't going to be pretty.
Developing . . .