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What newspaper corporations ARE doing well?

Discussion in 'Journalism topics only' started by slatter, Jun 1, 2008.

  1. slatter

    slatter Member

    Every job posting I hear "avoid (Gannett, Media General, CNHI, etc.)," and I know the biz isn't doing well... but surely, not ALL of the big owners are in the tank right now, right? Are any corporations doing well? Or at least, not to the point where they should be avoided? ???
  2. pressmurphy

    pressmurphy Member

    The trouble with the chains is that trouble spreads quickly. A financial problem at one paper or group of papers within the corporation now translates into draconian measures throughout the chain to compensate.

    So your paper can be coasting along just fine and generating an obscene profit margin when the word comes down that they need you to be a little more obscene next quarter, lest we upset the fund managers who own gobs and gobs of stock. And then, when the financial situation improves, someone invariable "forgets" to rescind the last round of cost-cutting.

    It used to be that the individual operating units would be given a quarter or two (or three) to dig themselves out of trouble.
  3. PHINJ

    PHINJ Active Member

    Other than the Wall Street Journal, there isn't any newspaper that can say it is doing well.
  4. txsportsscribe

    txsportsscribe Active Member

    belo will be doing really well when the land they own downtown is bought up for a city-owned mega convention hotel.
  5. 2muchcoffeeman

    2muchcoffeeman Active Member

    None of 'em.
  6. slatter

    slatter Member

    Well, then which chains are doing the worst?
  7. 2muchcoffeeman

    2muchcoffeeman Active Member

    JRC. :D Closed at 16 cents a share Friday and was delisted by NYSE April 16.

    MediaNews and CNHI are both closer to the cliff's edge than they care to admit.
  8. No surprise this list is non-existent. With the close of Knight-Ridder, I would have put McClatchy at the top of the list, but they are now pushing people out left and right and cutting salaries.

    This is why I'm perfectly content at my family-owned paper.

    Edit to add: Of course, I won't be completely shocked if I'm laid off tomorrow.
  9. hondo

    hondo Well-Known Member

    Here's a better question: which newspapers are actually losing money?

    Not many, if any at all.
  10. PHINJ

    PHINJ Active Member

    The New York Post is losing enough for everyone.
  11. bingo
  12. Lollygaggers

    Lollygaggers Member

    That's what I always hear and say a lot of the time, but do we have proof that everyone is still making money and that no one is losing money? I have to think with the economy as bad as it is, there are some people (maybe more than some) who are actually losing money. Then again, I may be wrong.
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