As exciting as any horse race you’d ever see at Churchill Downs or Saratoga, the Minneapolis Star Tribune and Tribune Co. are neck and neck in the much-hyped D.I.D. (Daily Insolvency Derby). The old-time Norris Division/’Black & Blue’ NFC Central rivals Chicago and Minneapolis have rounded the 4th turn and are heading down the stretch [...]
In the October issue of Portfolio magazine, an article by Sheelah Kolhatkar covers at some length the recent investment in the New York Times by Harbinger Capital Management, a hedge fund founded by the Harbert family of Alabama. The article is fascinating for a variety of reasons, among which is the internal family issues surrounding [...]
For the past few months, I’ve assumed that the Major Metro Daily Death Match was primarily a contest between Chicago and Minneapolis to see which major U.S. metro market would lose its daily newspaper first. Of course, every daily newspaper is struggling to one degree or another (most quite severely) and dozens of papers are [...]
My list of blog topics to write about has become exceedingly long, so I’m going to be lazy today and simply list a pile of links to the numerous stories in the past few weeks about the continuing death spiral of the daily newspaper industry. 1. A Durham lawyer is suing the News & Observer, [...]
With the well-documented problems plaguing both Midwestern dailies, it’s a toss-up as to which metro market will lose its daily newspaper first, Minneapolis or Chicago. The Newsosaur Alan Mutter has another great post today on the vastly different approaches that Rupert Murdoch and Sam Zell have taken since both acquired their newspapers roughly 6 months [...]