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NEWS OF THE INDUSTRY MEDIANEWS MONITOR Blood on the newsroom floor: MediaNews merger But new CEO sounds confident of success ahead MediaNews Group, the company that produces the largest share of California’s newspapers, is merging managerial functions with the Journal Register Co., with the new operation headed by Journal Register boss John Paton. Paton, who is one of the newspaper world’s leading advocates of a transition to the digital realm, becomes the boss of most San Francisco Bay Area newspapers, now published by MediaNews’ Bay Area News Group. PRESS RELEASE Alden tightens grip on MediaNews, Journal Register New CEO to push digital business model Alden Global Capital moved Wednesday to consolidate management of its newspaper holdings, merging senior leadership of MediaNews and Journal Register Co. John Paton of Journal Register Co. will be CEO. MediaNews, known for slashing costs, owns the San Jose Mercury News, Monterey Herald and BANG-East Bay. East Bay papers to consolidate, cut 20% of news staff As newspapers nationwide struggle to evolve viable business models, Bay Area News Group said Tuesday it will consolidate 11 local newspapers in the East Bay into two regional newspapers and lay off 8 percent of the staff. (Guild Note: Although the press release didn't point this out, the layoffs eliminate about 20 percent of the East Bay editorial staff.) What readers want to read next We'd all like to know what comes next. That can be a spiritual quest, a political one, or in the case of news publishers, one that would help them know what it is readers who land on their site would like to read next. McClatchy second-quarter profits, revenue fall The McClatchy Co. today reported lower profits and revenue in the second quarter, as The Bee's owner continues to struggle with a weak economy and structural changes in the newspaper industry. Netflix CEO Reed Hastings says he is surprised that customers weren't more upset with Netflix's digital shift. After all, he expected more upset, in his role as a pioneer, early in the game of forcing the digital shift. Times Company posts loss on write-down The New York Times Company reported on Thursday an overall loss in the second quarter as print advertising continued to struggle, dragging down growth in online advertising. Sun-Times Media, Chicago Tribune enter into print production contract The Chicago Tribune will begin printing the Chicago Sun-Times and seven of its suburban sister newspapers under an agreement announced Tuesday. Schadenfreude is the word of the day, as the Wall Street Journal's editorial page points out that "the Schadenfreude is so thick you can't cut it with a chainsaw." We'd all be ready to shell out pay-per-view prices (those for boxing, not a simple movie) to peek in on the House of Commons' questioning of Rupert Murdoch, James Murdoch and Rebekah Brooks Tuesday.
Guild's former international chair dies at the age of 68 Connie Knox, a life-long Guild member who stepped down as the union's international chair just one week ago, has died. Her body was found at home Saturday by her daughter; further details about her death are unknown at this time. The myths of Murdoch: Real, unreal and surreal Forget the tired "gate" applied to this scandal, as in the limp Phonegate. This News Corp scandal so far surpasses mere phone treachery that the name diminishes what's at stake. |
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