Industry News

Tribune Publishing to be acquired by Alden Global Capital

Tribune Publishing Company and affiliates of Alden Global Capital have announced that they have entered into a definitive merger agreement under which Alden will acquire all of the outstanding shares of Tribune common stock not currently owned by Alden for $17.25 per share in cash. Alden currently owns 11,554,306 shares of Tribune common stock, representing 31.6% of the company's outstanding shares.

Benchmarking engagement and subscription usage data

The Medill Subscriber Engagement Index is a very powerful and important project to the newspaper industry. The ability to measure your engagement levels and benchmark your levels and progress against your peers is a great step in growing subscriber revenue. If you missed the informational webinar, learn how your newspaper can take part FREE.

HD Media files first of its kind antitrust lawsuit against Google and Facebook

A West Virginia newspaper company filed a federal antitrust lawsuit today against Google and Facebook charging the internet giants with monopolizing the digital advertising market. This is believed to be the first lawsuit of its kind filed by a newspaper company against the tech giants for their monopolistic practices.

Owner of the Pulitzer Prize-winning Charleston (West Virginia) Gazette-Mail, The (Huntington) Herald-Dispatch and a half-dozen weekly newspapers, HD Media LLC filed a 42-page complaint in the United States District Court for the Southern District of West Virginia. HD Media claims Google has monopolized the digital advertising market to such an extent that Google has been enabled to extract a supracompetitive share of HD Media’s advertising revenues, harming the company’s ability to effectively monetize its content. The complaint also alleges that Google and Facebook violated antitrust laws by conspiring to further their worldwide dominance of the digital advertising market, entering into a secret agreement codenamed “Jedi Blue” to manipulate online auctions.

Key financial benchmarks in the COVID-19 era

In the wake of COVID-19 and soft advertising sales, community newspapers are finding ways to make money while serving readers and advertisers, says a new study conducted by Dolph Tillotson, newspaper operations consultant and chairman of Southern Newspapers, Inc.

DOL ruling allows for reporters, photographers to be treated as salaried employees

Camille Olson of Seyfarth Shaw encourages newspapers to take a fresh look at the specific duties of their reporters and photographers, in light of new guidance from the Department of Labor that allows small town and local journalists to qualify for the creative professional exemption to federal overtime rules and be paid a salary, as opposed to hourly wage.
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A national search has begun for a new editor for the Sarasota Herald-Tribune. Wendy Fullerton Powell, who has been editor in Fort Myers/Naples, will serve as interim editor.
Mary Irby-Jones will be the first woman and second African American to lead The Courier Journal in Louisville, Kentucky. Her first day on the job will be March 15.
“I’m excited to acquire Hot Springs Village Voice," says Jennifer Allen. "It has been my home for 14 years and this will be the first time in those 14 years the Voice will be locally owned.”