More major media corporations are spinning off their print properties -- especially newspapers -- into separate companies. No longer under the national and in many cases international corporation's umbrella, such print properties are being put out into the storm by themselves.
A New York Times article discusses how newspapers in particular are being set adrift by corporate owners such as Gannett, The Tribune Company, Journal Communications, and E.W. Scripps. As the article states, these new print-only companies "are sailing into very tall waves."
For newspapers, "the journalism moment we are living in is more about running for your life than it is about optimism," the article states. "Newspapers continue to generate cash and solid earnings, but those results are not enough to satisfy investors" on Wall Street.
No comments:
Post a Comment