August 6, 2013 |
Brad Stone, a longtime Silicon Valley reporter, has been working for years on what he hopes will be the definitive account of Jeff Bezos and the rise of Amazon, the online retailing giant founded in 1994. His new book, “The Everything Store: Jeff Bezos and the Age of Amazon,” is slated to be published in October by Little, Brown. On Monday, he got handed fodder for a new chapter, when Bezos once again did something unexpected and risky: he bought a newspaper, the Washington Post.
August 6, 2013 |
The definitive line about a newspaper's public mission came, as it happens, from Hollywood. In Orson Welles' classic "Citizen Kane," the title character, his newspaper empire in tatters, is asked by Walter Thatcher, the film's stand-in for J.P. Morgan, what he would like to have been. Kane answers: "Everything you hate. " Jeff Bezos' dealings with the moneymen of Wall Street have always been rather friendlier than those between Kane and Thatcher. But what he may share with Kane is the feeling that these unappreciated - indeed, financially despised - enterprises known as newspapers have some value that other investors have been overlooking.
August 5, 2013 |
Amazon.com founder Jeffrey Bezos, who revolutionized the book business, is now aiming to do the same with one of the nation's most storied newspapers. The Seattle billionaire has agreed to purchase the Washington Post for $250 million, saying Monday that he was "very optimistic" about the paper's future. The Post, like the newspaper industry as a whole, has been beset by a rapid decline in print advertising, a loss of subscribers and challenges in building up online revenue. In a letter to Post employees, Bezos indicated that he wouldn't make radical changes in editorial operations and would continue to emphasize accountability journalism.
August 2, 2013 |
The Cleveland Plain Dealer laid off one-third of its newsroom staff on Wednesday, and among those to go was Donald Rosenberg, the newspaper's former senior music critic who was reassigned from his post in 2008 and waged an unsuccessful lawsuit against his employer. Rosenberg most recently covered dance and other arts for the newspaper, writing reported pieces as well as some reviews. He confirmed his departure from the Plain Dealer by phone. His legal clash with the Plain Dealer two years ago stemmed from a number of highly critical articles that he wrote aimed at the Cleveland Orchestra and its music director, Franz Welser-Möst.
July 25, 2013 |
A self-proclaimed biblical prophet with a flowing gray beard and the name Papa Pilgrim shows up with his wife and 14 children in a bit of Alaskan wilderness so remote and austere it has driven all other settlers away. Even the native Ahtna people never wanted to live in the narrow defile between grinding glaciers and peaks that rise 16,000 feet. The few residents of the nearby ghost town of McCarthy don't know what to make of the Pilgrim family at first, and they don't ask too many questions; whatever past drives someone to such cold isolation is a door best not to knock on. Tom Kizzia, a reporter for the Anchorage Daily News, knocked and then pried it off the hinges with his darkly intriguing new book, "Pilgrim's Wilderness: A True Story of Faith and Madness on the Alaska Frontier.
CALIFORNIA | LOCAL
July 16, 2013 |
A relative of a man who was found unconscious in a Palm Springs motel room four months ago and woke up speaking only Swedish has finally been located, the Desert Sun newspaper reported Tuesday. A sister of 61-year-old Michael Boatwright -- who has spent more than 19 weeks at Desert Regional Medical Center, insisting his name is Johan Ek and has no memory of his life as Boatwright -- was contacted by the newspaper. Michelle Brewer told the Desert Sun over the phone Monday from her home in Louisiana: "I haven't talked to him in years.
July 16, 2013 |
With the planned spinoff of its newspaper unit underway, Tribune Co. is turning its attention to its real estate. The media company announced Tuesday the hiring of real estate veteran Murray McQueen to fill the newly created position of president of real estate. He will assess whether Tribune is making as much money as it can from its holdings, including the historic Los Angeles Times headquarters in downtown L.A. All told, the company owns more than 7 million square feet of real estate, including buildings, printing plants and other facilities.
July 14, 2013 |
The distance between the frontyard of Ricky and David Nolasco's boyhood home in Rialto and the mound at Dodger Stadium is best measured in dreams. "Pitching at Dodger Stadium, that's it," David says, "that's all we ever talked about. " As a grade-schooler, Ricky would pull on a Dodgers T-shirt and mimic the windup of his favorite pitchers, Ramon Martinez and Chan Ho Park. David would dig in at the plate like Eric Karros and swing at whatever Ricky threw - a tennis ball, a whiffle ball or a newspaper wrapped with electrical tape.
July 10, 2013 |
Tribune Co. is getting out of the faltering newspaper business, but probably not the way it hoped. The media giant announced Wednesday that it will spin off its publishing unit into a separate company, a maneuver that's likely to delay a long-expected sale of the Los Angeles Times. The spinoff could take nine months to a year to complete. The new entity, to be called Tribune Publishing Co., would comprise The Times, the Chicago Tribune and six other daily papers. All other assets, including the company's real estate holdings and stakes in several Internet sites, would remain part of Tribune Co. The spinoff would be tax-free to Tribune shareholders.
July 10, 2013 |
Tribune Co.'s plan to spin off its newspapers, including the Los Angeles Times and Chicago Tribune, into a stand-alone publishing company follows in the footsteps of Rupert Murdoch's News Corp. -- and other media companies. Nearly two weeks ago, News Corp. divided into two separate companies: 21st Century Fox and the much smaller publishing group News Corp. 21st Century Fox contains the hugely profitable television networks, including Fox News Channel and Fox Broadcasting, 20th Century Fox movie studio and interests in satellite TV services around the globe.