Wednesday, May 07, 2008
Programming note: Posting will be light today
I'm traveling home after a visit (xox: Mom, Dad, Sis and P!) on the East Coast. I'll do my best to keep up with comments and e-mail from you and yours, as I wing my way back to the Left Coast.
2 comments:
Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
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Jim, my gut tells me that the best deal for Gannett at this stage, or maybe by year-end, would be sell the Florida properties to the New York Times Group. And refocus the energy into the larger, younger demographic, website savy markets.
ReplyDeleteAll that without a request for a $1.7 million bonus. Real cheap.
It's hard to imagine the NYTCo. buying anything these days -- especially newspapers. As it is, the Times is under pressure to unload the Boston Globe and to make peace with its increasingly restive institutional shareholders.
ReplyDeleteMy first thought is that this is a terrible time to try to sell newspapers. Look at what's just happened in Minneapolis, where Strib owner Avista Capital just wrote down the paper's value by 75%. That would spook any potential investor in newspapers.