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New York Daily News

Discussion in 'Journalism topics only' started by silvercharm, Jul 20, 2018.

  1. Deskgrunt50

    Deskgrunt50 Well-Known Member

    Very much feeds into why the words of vulture capitalists like tronc are so full of shit.

    They want to go all-digitial, as they say. Well, Isola has the biggest brand, the biggest social media audience and a huge platform with ESPN and his radio show.

    You’d think a talent like that would be an helpful to an all-digital pivot. Isola will be ok. People will be fighting to hire him. But what about the other 50-plus who got canned?

    Oh, and look the other way as Ferro pays himself $15 million on his way out.

    Should be criminal. And New York City is worse for it.
    Fredrick likes this.
  2. Alma

    Alma Well-Known Member

    They don’t want much of a sports section, that’s obvious. They’ll aggregate clicks for Sports and focus on becoming the city’s one-stop shop for social justice.

    I hate it. It makes me mad. But they just don’t give a shit about Sports, or desire not to compete in that arena, so they’re out of it.

    I think you’ll see a lot of major market papers do it one day.
  3. LanceyHoward

    LanceyHoward Well-Known Member

    I think every paper on the Tronc chain is under pressure. In the first quarter earnings press release management gave guidance that 2018 EBITDA, excluding the contributions of SoCal, would be 110 million dollars. But first quarter EBITDA was only 22 million, excluding SoCal. While the first quarter is historically a weker quarter because of reduced retailer advertising after Christmas they still need to catch up, especially since advertising revenues dropped significantly at the individual papers.

    So I think cuts will continue all over the chain. If Tronc can not find a buyer for the Daily News I see it folding in eighteen months.

    And I don't think that a buyer will emerge because of the unions at the Daily News. If you are a rich guy who is willing to burn through some money for the cachet of owning a paper you can start one up on-line and use a lot of cheap young labor and not worry about pension plans, etc. If you want your paper to produce a print edition that can be contracted out.
  4. Vombatus

    Vombatus Well-Known Member

    Fred siegle and HanSenSE like this.
  5. playthrough

    playthrough Moderator Staff Member

    Competing takes money and personnel, period. Just like any other industry. Yet somehow this concept escapes journalism. But hey, grab a digital subscription now for 99 cents a week.
  6. wicked

    wicked Well-Known Member

    At least it's better than offering a digital subscription for 0 cents a week, which we were doing for nearly 20 years.
  7. britwrit

    britwrit Well-Known Member

    If the restaurant industry operated like newspapers, they'd be giving away steak dinners so you could glance down at the ads on the placemats.
  8. jr/shotglass

    jr/shotglass Well-Known Member

    May I have your permission to use that? :)
    Fred siegle likes this.
  9. Baron Scicluna

    Baron Scicluna Well-Known Member

    Don't give the newspaper industry any ideas. Next, they'll want reporters working for tips.
  10. britwrit

    britwrit Well-Known Member

    Nope. Sorry. No way. Get your own brilliant idea.....
  11. Slacker

    Slacker Well-Known Member

    I used it on another message board. Is that plagiarizing?
    Fred siegle and jr/shotglass like this.
  12. LanceyHoward

    LanceyHoward Well-Known Member

    Actually a Kindle digital subscription to the NYDN is 99 cents a month.
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