The shrinking newspaper market
Looks like there may soon be even fewer newspapers in PA. See the following article on a coming chain sale: http://nytimes.com/2006/03/12/business/media/13knight.web.html?ei=5094&en=69f43cc8c917143f&hp=&ex=1142226000&partner=homepage&pagewanted=print
Here's the note on Pennsylvania
"While the Knight Ridder papers are profitable, some are more troubled than others and could be a drag on McClatchy's bottom line. Analysts speculate that the company could shut down The Philadelphia Daily News and possibly sell The Inquirer, since the business climate in Philadelphia is sluggish and the papers face tough competition from a ring of suburban dailies. On the other hand, they say, The Inquirer generates a lot of cash, something McClatchy will need as it goes into debt to pay for Knight Ridder."
2 Comments:
I can't post
Yes, that should keep him pretty busy, I would imagine. I do have another theory - there are two anons, working separately. One is our Milton and the other one is whoever is in charge of the New Jersey forums mentioned in the article that had the link to our blog.
Post a Comment
<< Home