Posts Tagged ‘Gannett’

News groups ask appeals court to protect American’s Freedom of Information Act rights

Tuesday, October 24th, 2017

By Dan Christensen
FloridaBulldog.org
Accusing the FBI of years of dishonesty in handling Freedom of Information Act requests, a legion of news organizations and support groups asked a federal appeals court Monday to protect Americans’ rights under the law.
The post News groups ask appeals court to protect American’s Freedom of Information Act rights appeared first on Florida Bulldog.

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Newspaper deal falls apart as Gannett gives up on Tronc

Tuesday, November 1st, 2016

USA Today publisher Gannett walked away Tuesday from its attempted takeover of Tronc, the owner of the Los Angeles Times, Chicago Tribune and other major dailies.
Gannett’s target was elusive from the beginning, with a publicly contentious back-and-forth between the two companies. Tronc, formerly known as Tribune Publishing, rejected at least two bids from Gannett since April because it said it preferred to go it alone and focus on tech-driven initiatives involving artificial intelligence and global expansion in entertainment news and video.
Shares of Tronc Inc. plunged nearly 16 percent.
Gannett is the largest newspaper company in the U.S. by paid circulation, according to Dirks, Van Essen & Murray, a firm that helps newspapers with merger transactions. In addition to USA Today, Gannett owns the Detroit Free Press, the Arizona Republic and dozens of other smaller newspapers across the country. The deal would have combined Gannett with the No. 3 Tronc. (The second-largest is News Corp., owner of The Wall Street Journal.)
Tronc said Tuesday that it reached an agreement on price in mid-September, though it didn’t say how much. The last publicly rejected offer was for $864 million, including about $385 million in debt. Tronc said Gannett was unable to pull together the money it needed to complete the deal.
Gannett, based in McLean, Virginia, had hinted at problems during its earnings call last week when CEO Robert Dickey said it had to make sure that “financing terms make sense” and that the company, with a long string of newspaper acquisitions under its belt, would not “add properties for the sake of adding properties.”
Print ad revenues have been falling for years across the industry, and growth in digital ads and online-only subscriptions has not been enough to offset that.
Gannett has dealt with those trends by snapping up newspaper companies and cutting jobs. Gannett said

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Tom O’Hara: Floridians lose when struggling newspapers reduce staff

Wednesday, October 14th, 2015

Many of Florida’s public officials must be enjoying the slow death of the state’s once powerful newspapers. In the 1990s, a skeptical reporter would be asking exasperating questions every time a politician or bureaucrat made a controversial decision.
The painful shrinking of Florida’s papers continues, though. Last week Tribune Publishing offered another round of buyouts. That will mean smaller newsrooms at the Orlando Sentinel and the Sun Sentinel in Fort Lauderdale.
The Miami Herald was once the state’s largest paper and considered one of the nation’s premier newspapers; now it’s the fourth largest in Florida. Even the Tampa Bay Times, owned by a nonprofit and somewhat insulated from the brutal economics of the business, is suffering now.
The digital revolution has taken a terrible toll on newspapers. Floridians who care about how they are governed, whether they realize it or not, are among the victims.
“The sad truth is that coverage of government at every level has declined each year over the past decade or so, but state and local coverage has fallen farther and faster,” said Doug Clifton, former editor of the Miami Herald and the Plain Dealer in Cleveland.
“And the end is not in sight.”
Some media optimists say bloggers, digital companies and nonprofit organizations will fill the void. Clifton isn’t buying it.
Even the most civic-minded bloggers can’t replace professional journalists, and “the nonprofit press can play an augmenting role yet it suffers the same malady as the commercial press, a paucity of money,” he said.
Diane McFarlin, the dean of the University of Florida College of Journalism and Communications and former publisher of the Sarasota Herald Tribune, is no more sanguine than Clifton.
“The math says it all: Most newsrooms are half the size they were 10 years ago,” she said. “As a result, elected officials and bureaucrats are operating in the shadows to

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