An independent journal about the Gannett Co. and the news industry's digital transition
For Part 3 of this comment thread, please go here.
Thanks Jim!Happy Holidays! Wishing all a very prosperous New Yew Year!T.L.
I really do not see the Philadelphia Media Network purchaing both Wilmington and Cherry Hill. Printing/Distribution of them maybe. I reported this a while back, saying that they would eventually print and distribute the CP or even USA today so the News Journal could print the CP. The inky already has more circ in NJ then the CP, would they pick up more with just a NJ edition, sure they would. Would it offset the costs verses new revenue? Maybe.You have to realize they already print and distribute the NYP, NYT's and the WSJ, Barrons.They also handle the delivery of the FT, IBD,Bloomsberg Magazine,USA Today, Zaman,Korean news, World Journal but at this time do not print them.With the distribution already in place it makes sense they could handle all the delivery of the CP, I also believe they do some distribution of the News Journal already.Great discussion though.
Opps forgot to say Happy Holidays to all..
Merry Christmas, Jim. Peace be with you today, and all the days that follow.
What if My Boss IS Resnik. The personality profile fits. I guess we'll find out soon enough. If it is him then he'll shout it from the mountain tops upon his eminent departure.
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Ho, ho, ho! Merry Christmas!
The only way this buyout makes sense is if they take both.Wilmington is a no-brainer. The Inquirer has never been able to touch the DE market with any real impact. Immediate 100K circ gain there.But it's not just about circulation. The only way Phila. is ever going to be profitable is if they can move all the operations out of the city. Wilmington can't handle that alone.That's where the Cherry Hill comes in. They can pick up what Wilmington isn't able to do. They're also closer to the city, and more importantly Bucks county.The logistics would look something like this.Philadelphia- Corporate HQ. Some editorial and advertising. They could sell off all property in the city and lease a couple of floors somewhere. Thus generating IMMEDIATE cash flow.Cherry hill- All Jersey, Phila., and Bucks County printing. Editorial and advertising offices.Wilmington- All DE, MD, Chester Co., and DE Co. printing. Editorial, Advertising, Design, Layout, pagination, and Back end office (finance, HR, IT, Market etc.). They have the largest unused office space. And DE is a right to work state. Many benefits there.Conshohocken- Printing for the western subs.You've just created a "ring" around the city. Reducing cost, and increasing circulation by 150K.I could be off about some of my points. I would appreciate some more solid info i may be missing.
12:02 - What about the unions? Same unions cover CP and Inky so moving all jobs out of Philly won't work.
Don't think courier post has press capacity or speed to print whatioo has been suggested and mail room is small and sophisticated. As said earlier, same unions at both papers. I think if inquirer got their act together and produced a viable new jersey edition rather than the sorry version they have that could be curtains for the courier post. Inquirer already has stronger circulation in new jersey suburbs. They would also need to clean house in the inquirer new jersey sales office and get some professionals in there, not has been formerly from the courier post, starting with the manager who got that job because of a relationship with a former courierpost publisher. What is the inquirer waiting go. They could take what market there is if they got their act together.
More guessing games. Give it a rest for the holiday.
a Wilmington/Conshy split could handle everyhing. The speculation about the Courier Post in the mix is just wishful thinking.Hey Jersey. You have no savior. Your stuck with Gannett. Until the Inquirer pushes you out from the west and south.
Sweet Christmas mug, Jim! Hope you had a great day, and keep up the good work.
He should have tipped the ball of the hat to the other side. Then it would be hanging down near his right ear.
It is pretty obvious who the source of "My Boss Said" is. The question is do we want to out him? Does Jim want him exposed (and it is a HIM)? Watching Jim jump to the defense of his insider tipster was pretty funny. Jim got defensive quick about the community gathering together.
Philadelphia is a strong union town, always has been and remains so today. Shifting printing and distribution to NJ or Delaware could pose major problems if either location uses non-union drivers. Before you discount this opinion, remember that for years the Inky and Philly Daily News could not be distributed together, per the Teamster's contract. Only in the last few years did the Teamster's agree to joint delivery of the two papers and that was a grudging concession on their part despite the horrendous economy and losses at the publisher. Moving printing and delivery out of Philly may not be as simple as some think.
When i said in an earlier post that the only way the Inky could be profitable was if they moved operations out of the city..... I guess what i meant was. Ditching the unions.They don't have a strong hand to play in this. I guarantee the language of the new entity will be written as though Wilmington took over Philly. It will also be incorprated in Delaware.Unions aren't nearly as big of a deal as they used to be. Especially while operating out of bankruptcy.
There are three main reasons why newspapers are failing.1. Declining readership.2. Poor Management.3. Union ineffeciency.It would be nice to see one them be corrected.... It's time fo the unions to go. They only hurt us.
The drivers, mailers and pressman at the courierpost are all union and the same union(s) as across river in Philadelphia.
So what about all the paper's without unions that are failing also?
The union papers simply fail at a faster pace because they can't compete. It's not a slam just the truth. You asked.
Jim, please you can't let us hang on this Cherry Hill and Wilmington issue, many of us are sweating wondering what this all means for those who sweated for years for Gannett. Pensions,vacation, health benefits? and if we will even have jobs..all that could be announced soon and where will we find out if you are not here!
6:59 At this point, it's all just speculation.
so are you really done when you've pretty much made your dollar figure?? seems strange to me. what am i missing here?
Does Gannett still offer tuition reimbursement for employees? Are they going to start doing this again?
7:29 PMHA HA HA HA HA
From String 3:Get a grip. If myboss gets caught, he/she is toast. And perhaps even in legal trouble. What, you think the company ought to REWARD people for spewing confidential info?DOES A RIGHT FREE SPEACH RING A BELL?
Jim- Did you get spoofed? Was that really you saying the blog is done on Jan. 10th. It doesn't ad up.
9:51 That was a B.S. comment, which I've now taken down. This blog isn't going anywhere.However, I'm going to be online only occasionally during the next couple days, so my posting will be light. Other than that, it'll be business as usual.
Kirschenbaum, that name rings a bell. I think that's the law firm that the papers in Florida use.
7:23 In 2002, Columbia Journalism Review's story about Freedom Forum said:According to president Prichard, the Forum's investments are managed by "seven or eight" major brokerage houses, but the ambitious growth strategy, largely intended to fund the new Newseum, was directed by the foundation's finance committee, chaired by Malcolm Kirschenbaum, a lawyer and real-estate developer in Cocoa Beach, Florida, which is Neuharth's hometown. Kirschenbaum represented Florida Today in the 1970s, when Overby edited it, and he has known Neuharth since the 1960s.
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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