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May 24, 2012 05:59 PM
Audit notes: Buffett on newspapers, Times-Picayune, SEC lets Lehman go
A vow to invest in newspapers and protect them from interference
This is the most hopeful thing I've read about the business of newspapers in a long, long time: I'll quote at length from Warren Buffett's letter to editors and publishers of his newly expanded portfolio of papers: Berkshire buys for keeps. Our only exception to permanent ownership is when a business faces unending losses, a remote prospect for virtually all...
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June 14, 2012 06:50 AM
New Orleans meets the Hamster Wheel
The fall of the Times-Picayune
The gutting of New Orleans beloved Times-Picayune and Advance Publications' plan to turn it into a sort of major market AnnArbor.com looks set to bring journalism built on "motion for motion’s sake... volume without thought" to a city built on doing the opposite. For the Newhouses, who own the Times-Pic, the Hamster Wheel is a business model—one the absentee chain...
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May 24, 2012 11:20 AM
The Times-Picayune cuts staff and print runs
Read CJR coverage on the history of the paper, a vital resource in its region, here
The news hit late Wednesday night that the storied New Orleans Times-Picayune, the newspaper that served as a community rock in the aftermath of Hurricane Katrina, will be cutting its print run to three times a week and slicing its staff by up to a third. "We did not make this decision lightly," the new company president, Ricky Mathews, said...
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June 15, 2012 06:50 AM
The Times-Picayune’s front-page press release
Advance Publication's Alabama papers take even worse hits than New Orleans
You know the backlash is serious when the Times-Picayune wraps itself in Katrina and puts a press release/editorial by the editor on page one of the paper: Great journalism not bound by medium Katrina shows promise of digital age in New Orleans The headline and deck are bad enough, but the text is worse (emphasis mine): In the aftermath of...
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