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NYT reportedly sells off regional partners

Discussion in 'Journalism topics only' started by Raiders, Dec 19, 2011.

  1. Raiders

    Raiders Guest

    From Romenesko: Halifax Media is buying the NY Times Regional Media Group. Sale wasn’t supposed to be announced today … but this web page was posted today by accident showing all of the RMG papers being owned by Halifax. Oops.

  2. Mizzougrad96

    Mizzougrad96 Active Member

    There are a bunch of papers in Florida freaking out right now...
  3. Pencil Dick

    Pencil Dick Member

    Any one know what other properties Halifax owns? As a former NYTRNGer, I still know some folks at a few of these papers.
  4. Mizzougrad96

    Mizzougrad96 Active Member

    I have a friend who used to work in Tuscaloosa and one of the things these places would boast about is that their staff has the same benefits and stock plan as NYT employees.

    I guarantee you that won't be the case anymore.
  5. Raiders

    Raiders Guest

    Halifax has Daytona Beach, Tuscaloosa, Petaluma (Calif.), couple other papers, I think.

    NYT business story just moved and has more details. Also says the sale is still pending.

  6. Editude

    Editude Active Member

    Word is, this is happening. All that's left are the details.
  7. Lollygaggers

    Lollygaggers Member

    Anyone know anything about Halifax besides what papers it owns? This makes them a huge player in the Florida newspaper market at least, but I don't really know anything about their track record, ownership (public/private), etc.
  8. I'll never tell

    I'll never tell Active Member

    Story makes it sound like they're dropping dead weight, but I'd always heard T'News was quite the little cash cow.
  9. Mizzougrad96

    Mizzougrad96 Active Member

    I'd be surprised if more than one of the Florida's 10 biggest papers was NYTRNG. I'm guessing Sarasota is the biggest of the group.
  10. Lollygaggers

    Lollygaggers Member

    So HUGE was a little much. Still, gives them a lot of influence for coverage especially in the central part of the state, and desk consolidation would almost seem inevitable. And that's in addition to any consolidation that's already happened in Ocala/Gainesville.
  11. deskslave

    deskslave Active Member

    As well they fucking should be. This is an unmitigated disaster for anyone working for any of these papers. Make no mistake, Halifax is owned by the absolute worst of the worst, and nothing good will come of this.

    And from what I gather, things are about to go from bad to worse in Daytona.
  12. JackReacher

    JackReacher Well-Known Member

    I used to work for an NYT Regional paper. Salary was good. Bennies were silly.
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