New Philly newspaper owners taking it hard

[Drip]

This is not good news.
http://www.poynter.org/latest-news/mediawire/184455/philadelphia-newspapers-lose-16-million-seek-28-million-in-cuts/

 

[Tarheel316]

Sounds very ominous.

 

[Fran Curci]

When you consider what's happened in Philly (like so many places) in recent years, this quote from CEO is indeed ominous: "These talks will be the toughest challenge we have ever encountered as a company." You have to wonder if Daily News could be doomed.

 

[LongTimeListener]

They bought a business for $55 million that had been sold for $139 million two years earlier and $515 million four years before that.

What the **** else did they think they were getting?

 

[LanceyHoward]

When you consider what's happened in Philly (like so many places) in recent years, this quote from CEO is indeed ominous: "These talks will be the toughest challenge we have ever encountered as a company." You have to wonder if Daily News could be doomed.

Sadly, I think the Daily News is doomed.

Also, how much advertising does the Inquirer carry in the Monday and Tuesday papers? I was recently in San Francisco and the Chronicle Monday edition only had six pages of ads. I wonder if reduced publishing schedules are an option to be placed on the table in Philly.

 

[Drip]

When you consider what's happened in Philly (like so many places) in recent years, this quote from CEO is indeed ominous: "These talks will be the toughest challenge we have ever encountered as a company." You have to wonder if Daily News could be doomed.

Sadly, I think the Daily News is doomed.

Also, how much advertising does the Inquirer carry in the Monday and Tuesday papers? I was recently in San Francisco and the Chronicle Monday edition only had six pages of ads. I wonder if reduced publishing schedules are an option to be placed on the table in Philly.

It's not that bad but it's definitely seen better times.

 

[steveu]

Philly's Monday papers, especially during football season, are generally bigger. Last week's Inky for Monday was 50 pages... two full-page house ads in sports, but both the A and C sections had back-page full ads and it seemed like there were a healthy amount of ads in the A section.