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LOCAL NEWS PRESIDENT'S VIEW
Finding glimmers of hope in frontline workers At the Guild convention in Washington, I was part of a panel that reviewed recent concessionary bargaining situations, and it was my job to recount the brutal round of talks this spring at the San Francisco Chronicle. We made a difficult decision in the best interest of the majority of our Guild colleagues. I'm proud of that decision, and proud of our members at the Chronicle, as well as those at the Sacramento and Modesto Bees, who made similar sacrifices.
News workers offered path to skills upgrade Everybody: Take the survey! MediaNews workers: a deal for you As Bay Area newspapers cut hundreds of jobs, skill training programs are springing up to help out-of-work print journalists find new jobs -- and help current members at MediaNews papers increase their prospects while they still have jobs. A survey and special scholarships are in the works -- and here are early details.
REBEL GIRL Steffens to focus on her other family for a while Sara Steffens stepped aside Saturday as East Bay unit chair. She was presented a framed poster of "Rebel Girl," commemorating the famous Wobbly lyric written by Joe Hill about Elizabeth Gurley Flynn in service of the "One Big Union," which provided inspiration for the "One Big BANG: One Guild Universe" organizing drive that led to the founding of the East Bay unit in 2008. |
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NEWS OF THE INDUSTRY Cincinnati Enquirer share of Gannett layoffs: 100 Of the 1,400 layoffs Gannett Co. is ordering at its U.S. Community Publishing Division, the Cincinnati Enquirer and its related digital and print products will absorb about 100, Publisher Margaret Buchanan said in a memo Thursday. MediaNews Group: We're not on brink of bankruptcy MediaNews Group late Wednesday denied a report in an investors newsletter that it is arranging a pre-packaged bankruptcy -- or readying any change in ownership of the Denver-based publisher controlled by William Dean Singleton and Richard B. Scudder. Murdoch denies interest in acquiring NYT Murdoch, the 78-year-old News Corp. (NWSA Quote) chairman and CEO who moved television news considerably to the political right with Fox News, stunned the U.S. newspaper establishment in 2007 with his purchase of Dow Jones and The Wall Street Journal. |
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MORE NEWS OF THE INDUSTRY Judge: Philly newspaper creditors must share taping info A federal judge overseeing the bankruptcy proceedings for Philadelphia Newspapers LLC ordered lawyers for the company's creditors to share details of their investigation into an alleged unauthorized recording of a meeting with the company's lenders.
Indy Star Guild overwhelmingly rejects contract offer The Indianapolis News Guild overwhelmingly rejected a two-year contract offer from The Indianapolis Star that would have included a 12% pay cut, no pay increases for at least two years, and the elimination of arbitration on individual layoffs.
A closer look at MediaNews Group's debt When the Rocky Mountain News was put up for sale in December (a move that prefigured its February closure), employees clinging to hopes of a last minute reversal of fortune repeatedly pointed to the debts burdening MediaNews Group, owner of the Rocky's rival, the Denver Post. Because MediaNews, chaired by Post publisher Dean Singleton, isn't a public company, however, it was mighty difficult to quantify the depth of that debt. But a new article offers some tantalizing clues.
Another big round of layoffs is imminent at Gannett The Gannett Company, owner of the nation's largest newspaper chain, will go through another round of layoffs soon, with an announcement possible in the next few days, executives said Tuesday.
Lee Enterprises changes mind on reverse stock split Lee Enterprises said late Tuesday it is not going ahead with a reverse stock split that would raise its share price, which currently costs about as much as a copy of one of its dailies.
1Cast: Hitting the mobile video aggregation trifecta "Mobile." "Video." Usually, these are the rather dry one-world descriptions of What's Next, items on to-do lists for anyone serious about building new digital businesses. Add "Social," and you've got a trifecta.
St. Paul Pioneer Press lays off in newsroom, ad sales The St. Paul Pioneer Press laid off nine newsroom employees and two more in advertising sales and production today, according to a report by the Star Tribune of Minneapolis.
Gannett Co. to execute another round of layoffs Gannett executives told told The New York Times' Richard Perez-Pena that the McLean, Va.-based company is getting ready to issue another round of layoffs.
Indianapolis Guild votes on contract with 12% pay cut The Indianapolis News Guild is voting today on a two-year contract offer from The Indianapolis Star that includes a 12% pay cut, no pay increases for at least two years, and the elimination of arbitration on individual layoffs.
Freedom Communications, under new CEO, cuts pay 5% for all staffers Barely two weeks after being named interim CEO of Freedom Communications, Burl Osborne announced that company-wide salaries will be cut by 5%.
Moody's and S&P lower ratings on McClatchy Standard & Poor's Rating Services and Moody's Investor Services both lowered their corporate ratings of McClatchy Co. on Friday following a debt exchange deal announced by the newspaper publisher.
For the Seattle Times Co., relief is not spelled M-A-I-N-E Estimates put the sale price at $30-40 million, about a $200 million loss from the 1998 purchase price. And the Seattle company apparently has to carry unfunded pension liabilities as part of the deal. When the Seattle Times Co. announced June 15 that it had sold its Blethen Maine subsidiary to an investment group, Maine Today Media, Carolyn Kelly, the Times president and chief operating officer, quickly noted in a staff memo that the sale, while welcome, "does not solve the financial challenges we face."
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