The newspaper industry saw its busiest transaction year in nearly two decades with 31 separate deals involving daily newspapers in 2017, according to Dirks, Van Essen & Murray.
Phil Murray, senior vice president, said the activity was driven by two factors.MORE
People in the newspaper industry increasingly joke about the triumvirate of Gatehouse Media LLC, Digital First Media Inc. and Gannett Co. taking over the bulk of the country's 1,350 daily newspapers as conglomerate Gannett-Gatehouse-DFMCo. Today, those three companies own a full quarter of the nation's dailies, as family-run operations dwindle and final generations of newspaper-owning families look for the exits before the passageway becomes too narrow.
At the 25 percent level, we may seem like a long way away from Gannett-Gatehouse-DFMCo, but a newer phenomenon – megaclustering – moves the industry closer in that direction.MORE
Regardless of how a buyer and seller come to terms, even if the value seems to be there, there is one more factor a buyer should consider – can this business repay my investment in a timely manner or make loan payments – and still provide me with an income?MORE
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It began with a phone tip to The Galveston County Daily News.
"Early on Friday morning we got a call from a person who we know as a source and who trusts us that there were going to be gunshot casualties coming to an area hospital and that they were coming from the high school in Santa Fe," said Editor Michael Smith.
"This is somebody that we know absolutely to be a credible source and was in a position to know. We started mobilizing the staff from there, sending people to the emergency room and to the school. We were there shortly after the first responders."
Since then, the local paper with a staff of five news reporters, three photographers and an IT person who used to be a photographer has been covering the mass shooting alongside the Houston Chronicle, The Washington Post, New York Times and Los Angeles Times, among other large news organizations. "It's been all Santa Fe, all the time for the last few days," Smith said.More
Two weeks after 17 people died in the mass shooting at a high school in Parkland, Fla., Julie Anderson joined the South Florida Sun Sentinel as editor-in-chief. In her first conversation with her managing editor, Anderson asked how the staff was doing.
"Really be mindful that your reporters and your editors are going to be traumatized," Anderson said. "Maybe not all of them, but they're first responders, too."
She offers the following tips to other newspapers that have to deal with school shootings and other mass casualty events:More