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September 12, 2012 06:50 AM
Journal Register opens the kimono a bit
CEO John Paton gives us some hard numbers
One of my biggest criticisms of Journal Register Company and Digital First Media has been how it has cherry-picked financial figures to show its transformation is succeeding, and how the press covered those incomplete numbers. Journal Register, as a closely held company owned by a secretive hedge fund, doesn't have to report its results. So it's been near impossible for...
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September 6, 2012 12:05 PM
Journal Register, future-of-news star, is bankrupt again
Takeaways for the newspaper business
Yesterday, John Paton announced that Journal Register Company is filing for bankruptcy for the second time in three years. That’s something of a surprise to people who've read his announcements of soaring digital revenues and profits credulously. JRC’s (latest) bankruptcy declaration is not good news to an already demoralized news business. But it’s an occasion to rethink old assumptions about...
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September 12, 2012 06:50 AM
Open letter to John Paton, CEO of Digital First Media
In the wake of the Journal Register's second Chapter 11 filing, Bill Grueskin writes a "Dear John" letter about its failed digital strategy
Dear John, You and I have never met, but we have corresponded—a bit testily at times (more on that later). In light of last week’s news, I wanted to follow up with another round of correspondence, and this time I’m doing it publicly, via the Columbia Journalism Review. I hope you’ll respond, because I know you are a believer in...
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September 14, 2012 07:22 AM
The hamster wheel vs. the quality imperative
The real problem with JRC/Advance free model and the unappreciated benefit of a paywall
The great is rare; the dull quite common. But — and this is the genius of the online format — that doesn’t matter, not any more, and certainly not half as much as it used to. When you’re working online, more is more. If you have the cojones to throw up everything, more or less regardless of quality, you’ll...
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