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.
June 13, 2005 |
A Texas-based Latino newspaper group has received an $18-million investment from a pair of venture and equity firms including Rustic Canyon Partners of Los Angeles. The funding, announced Sunday, is to be used by Meximerica Media, publisher of the Rumbo chain of Spanish-language newspapers, to complete development of papers serving the Austin, Houston, San Antonio and Rio Grande Valley regions of Texas and to launch additional Rumbo papers in that state.
November 24, 2005 |
Many years ago, a veteran editor at what was then the Chandler-owned Los Angeles Times made the following observation about that family and its dividends from this newspaper: "They're either rolling in it, or they're really rolling in it. And when they're only rolling in it, they start to panic." The era when insufficiently huge newspaper profits would give the shivers only to the members of a wealthy family seems quaintly distant today.
March 21, 2013 |
In a very classy move, Greg Jennings took out a full-page ad in several newspapers Wednesday to thank Green Bay Packer fans. Jennings, who played for the Packers in his first seven NFL seasons, signed a five-year, $47.5-million contract with the Minnesota Vikings last week. The ad, which appeared in the Milwaukee Journal Sentinel, among other papers, was entitled "A Bittersweet Farewell. " "It has been 7 years since I was first blessed with the opportunity to be a part of such a wonderful organization and community," Jennings wrote.
April 20, 2007 |
Media companies announced lackluster earnings during the first quarter as declining revenue, profit and circulation figures dealt the newspaper industry its latest financial blow. Gannett Co., Tribune Co., New York Times Co. and Media General Inc. all reported lower earnings Thursday, as classified advertising dwindled and overall online revenue growth began to slow, analysts said. At Chicago-based Tribune, which owns the L.A. Times, interactive revenue grew 17% to $60 million.
CALIFORNIA | LOCAL
September 12, 2006 |
Gov. Arnold Schwarzenegger signed legislation Monday making it an infraction to take more than 25 copies of a free newspaper to recycle them or prevent people from reading it. The measure, by Assembly Minority Leader George Plescia (R-San Diego), is a response to several incidents in which large numbers of free papers were taken from news boxes to be sold for recycling or to keep others from reading them.
April 21, 2009 |
As you may have heard, these are hard times for the journalism business. Newspapers are biting the dust left and right. My own paper's ownership has filed for bankruptcy. Ditto for the Minneapolis Star Tribune, the Chicago Sun-Times and other media groups. Even the New York Times is battening down the hatches. When I visited the Dodger Stadium press box the other day, a lofty perch once full to the brim with sportswriters, the joint looked like a bar on the day after St. Patrick's Day.
August 29, 2007 |
Saudi Arabia has indefinitely banned the distribution of a leading Arab newspaper, days after the paper disclosed that a Saudi extremist had played a key role in a violent Iraqi Al Qaeda front group. It was unclear whether the Iraqi article was the main impetus for the ban, or merely the culmination of several weeks of disputes, mostly on other issues, between Al Hayat newspaper and the kingdom's information minister.
March 23, 2005 |
Three major newspaper companies are investing in Topix.net, a start-up technology company that collects and sorts news stories from various sources on the Internet. Tribune Co., Gannett Co. and Knight Ridder Inc. are each taking a 25% stake, the Palo Alto-based company disclosed Tuesday. Topix's founders will retain the remaining share. Financial terms were not disclosed under the deal, which will be formally announced today. Topix launched its site a little more than a year ago and had 1.
August 5, 1999 |
The liberal newspaper Salam, a staunch backer of Iranian President Mohammad Khatami, has been banned for five years, the official Islamic Republic News Agency reported. It said the Special Court for Clergy also suspended the publisher, Mohammed Moussavi Khoeini, from working as a managing director of a newspaper for three years. He was convicted last week of defamation and spreading false information.