1. Welcome to SportsJournalists.com, a friendly forum for discussing all things sports and journalism.

    Your voice is missing! You will need to register for a free account to get access to the following site features:
    • Reply to discussions and create your own threads.
    • Access to private conversations with other members.
    • Fewer ads.

    We hope to see you as a part of our community soon!

Bakersfield Californian sold

Discussion in 'Journalism topics only' started by HanSenSE, Jun 3, 2019.

  1. DanOregon

    DanOregon Well-Known Member

    In more than a few cases, the generational growth was what led families to sell. Founder - founders' kids - founder's grandkids, you get to the founder's great-grandkids and their share doesn't seem like much of a birthright and you know it isn't going to be getting any bigger so you sell, move that windfall into something that is growing.
     
  2. LanceyHoward

    LanceyHoward Well-Known Member

    While that is true a great-grandchild is far less likely to be more likely to bail if the business is going to hell in a hand basket.

    Look at the NFL which has been the most profitable major league since at least the NFL-AFL merger. Of those 26 teams I can think of ownership groups still active (Giants, Steelers, Lions, Chiefs, Titans, Cardinals, Packers and the Bears).
     
  3. Fredrick

    Fredrick Well-Known Member

    Bull. The established families abandoned their newspapers and devoted staffs just to make sure they still had a few million dollars to put in the bank. They had the fear the newspapers would be worth nothing in a few years and they were cashing in when they could. They absolutely knew the corporations would gut their newspapers and effectively end the business. All these egotistical three generation families gave up. Their "pride" in the family business was b.s. They knew what was going to happen when they sold to greedy Gannetts and Gatehouses. They knew the once proud newspaper would be ruined.
     
  4. Doc Holliday

    Doc Holliday Well-Known Member

    Yep. It's all their fault. Those dirty bastards. How dare them.
     
  5. Fredrick

    Fredrick Well-Known Member

    I'm a little surprised Doc is backing the evil family members who were just fine owning a newspaper during the boom years and were quick to jump ship rather than steady the ship. How could they have steadied the ship? Recognized an impending crisis in selling ads and figure ways to keep those advertisers aboard.
     
Draft saved Draft deleted

Share This Page