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Is Gannett close to acquiring Milwaukee Journal Sentinel?

Discussion in 'Journalism topics only' started by old_tony, Oct 7, 2015.

  1. old_tony

    old_tony Well-Known Member

  2. JayFarrar

    JayFarrar Well-Known Member

    That means Gannett would own all the papers in Wisconsin, or most of them and also most of the papers in Tennessee as they would run up I-40 from Memphis to Knoxville with all points in between.
    The only large Tennessee paper that wouldn't be Gannett is Chattanooga.
  3. spadjo martin

    spadjo martin Member

    Buyouts/layoffs sure to follow.
  4. DanOregon

    DanOregon Well-Known Member

  5. steveu

    steveu Well-Known Member

    Some parts of the JS are bare bones. I know the copy jobs will likely go to the design hubs. Don't know much else.

    Wow. Just wow.
  6. old_tony

    old_tony Well-Known Member

    Thinking this through, since the JS might be one of the bigger Gannett papers, would they make Milwaukee one of their copy/design hubs?
  7. Baron Scicluna

    Baron Scicluna Well-Known Member

    AP reporting it's done, for $280 million.

    The third through fifth grafs of the AP story are telling:

    "Industry experts say the publications are a natural fit for Gannett's strategy of maximizing short-term profits through managing the decline of publications in less competitive markets.

    Gannett's "prevailing strategy is economy of scale," which involves reducing local costs and consolidating or regionalizing many operations, analyst Ken Doctor said.

    "Undoubltely, there will be some (layoffs) in any areas that can be centralized," including technology, newsrooms, human resources, finance and some advertising, he said."
  8. spadjo martin

    spadjo martin Member

    What about duplication of beats within the different properties? Doubt they would let that happen.
  9. old_tony

    old_tony Well-Known Member

    McGinn makes a lot of money compared to the rest of them. Laying him off probably saves as much as laying two or three others. Bob is one of my very favorite people in the business. I really fear this once-great property becoming a part of the Gannett Gestapo.
  10. nickp

    nickp Member

    so goes another of Wisconsin's great newspapers gutted in time thanks to Gannett
  11. DanOregon

    DanOregon Well-Known Member

    Figure the pro sports beats will be slashed in TN and WI as well.
  12. Baron Scicluna

    Baron Scicluna Well-Known Member

    Hey, on the bright side, Milwaukee and Memphis have a high percentage of African-Americans. Think of the mainstreaming possibilities!
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