The company delayed closing the afternoon paper when it said two investors emerged near the March 21 sell-or-fold deadline; no other possible buyers have been identified publicly since. The investors emerged after the Citizen reported the U.S. Justice Department had launched an inquiry into the auction. The paper is published under a joint operating agreement with Lee Enterprises.
Gannett invited the investors to visit the paper -- a step they failed to take, the paper says today. In response to questions from the Citizen, Connell refused to speculate on why the bidders didn't visit. "Again, the invitation is what it is. You are likely to know more and sooner than I what is happening with that, if anything," Connell told the paper in an e-mail. "Of course we will tell employees the status of the paper once it's determined. We aren't commenting on the negotiations."
Knowing Corporate, it's especially unfortunate this is happening on a Friday afternoon -- the time when companies often try to bury bad news, because it gets less media attention.
Choose the Veep!
Multi-tasking like crazy, Connell (left) wears two hats these days: Corporate's vice president for public relations, and Web 2.0 journalist, as newly named vice president of ContentOne. That is the news and web pagination service GCI hopes to build with vestiges of the old Gannett News Service.
Now, in the Citizen story above, which of the following describes Connell's role?
- Publicist
- Journalist
Please post your replies in the comments section, below. To e-mail confidentially, write gannettblog[at]gmail[dot-com]; see Tipsters Anonymous Policy in the green rail, upper right.
I bet the potential investors started reading this blog.
ReplyDeleteNow THAT would be due diligence!
I take issue with the headline. I think the fate of Tucson is pretty clear.
ReplyDeleteTwo buyers was all BULLSHIT!
ReplyDeleteA couple of Citizen staffers are commenting on that story on the Citizen's site. Sounds like no one there's happy anymore, and they don't care who knows.
ReplyDeleteAnything new from the DOJ?
ReplyDelete@7:46 We do care who knows. And I'm sure they already do.
ReplyDeleteVerification: dimenta
You know things are bad when the employees start making wisecracks on reader comment blogs.
ReplyDeleteBreak. Up. Gannett.
This comment has been removed by a blog administrator.
ReplyDeleteTucson's now down a number of staffers, who have found other jobs. How long can they string this out?
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteAny chance it was all a ploy to drive Wall Street versus the first complete closing of a Gannett paper?
ReplyDeleteAs a longtime Tucson resident and an acquaintance of one of the parties interested in the acquisition of the Citizen, I watched in amazement as the Citizen dog and pony show unfurled. I was so amazed that I decided to soft launch a site layout for an alternative voice in the Tucson region. I have some interesting ideas and invite anyone from the Citizen that wants to participate.
ReplyDeletehttp://www.thelastestate.com