Want to save local newspapers? Then break the chains that hold them back
In this piece for OJR: The Online Journalism Review, Robert Niles writes that economies of scale don’t work in the newspaper business anymore and it’s time to break up the chains.
Locally-focused news publications must become truly local, with local information, produced by local reporters with local ties, sold to local advertisers by a local sales staff who work for a local owner.
News Corp Split, Buffett’s Bet Top Year of Big Media Ownership Changes
The Pew Research Center’s Project for Excellence in Journalism has a nice wrap-up of media transactions over the last couple of years.
According to the investment banking firm of Dirks, Van Essen & Murray, which monitors newspaper transactions, a total of 71 daily newspapers were sold as part of 11 different transactions during 2011, the busiest year for sales since 2007.
There’s a mention of Alden Global Capital’s acquisition of the Journal Register Company, and “Alden Global has also invested in several other newspaper organizations,” including MediaNews Group (two of the seven MediaNews Group directors are from Alden Global Capital).
And be sure to check out the list of Who Owns the News Media that covers newspapers, TV and radio.
The Fissures Are Growing for Papers
The New York Times’ David Carr writes about “cracks in publishing operations,” one of the bigger ones being underfunded pensions that threaten companies’ financial health. “There are smart people trying to innovate, and tons of great journalism is published daily, but the financial distress is more visible by the week.”
Those of us who work inside the racket like to think of our business as unique, but with underfunded pension plans, unserviceable debt and legacy manufacturing processes and union agreements, the newspaper industry looks a lot like, well, steel, autos and textiles.
Report: How to Build Trust In the Digital Age
Mediabistro’s 10,000 Words column has a piece by Mona Zhang about a report that examines the quality of journalism in the digital age, which “investigates the notions of objectivity and impartiality in the digital world, and whether or not we can trust the new forms of journalism that are emerging as a result of new technologies.”
He (Richard Sambrook) writes that as the traditional business models erode, there has been an increase in “journalism of assertion” and “journalism of affirmation”—models that rely on immediacy and volume, and affirming the beliefs of its audience.
Newspapers Chronicle Lives of Returning Veterans
Nu Yang wrote a piece for Editor & Publisher about the American Homecomings project by The Denver Post and Digital First Media.
The site is really a public service project,” (Lee Ann) Colacioppo said. “We’re doing it for the veterans who are returning and to serve that community … the feedback we’ve received so far is from readers thanking us for sharing these stories and veterans who appreciate the attention to the subject.
And a link to the American Homecomings project since there doesn’t seem to be one in the story.
Lastly, here’s a fun little infographic about the consolidation of media in America.