Off-topic discussions about regional news, issues and politics. Pretty much everything goes here, but keep it polite: Flaming and spamming aren't welcome.

Another One Bites the Dust

User avatar
User

TP Lowe

{ RANK }

Foodie

Posts

2053

Joined

Fri Mar 02, 2007 6:00 am

Location

Shelby County

Another One Bites the Dust

by TP Lowe » Tue Jul 17, 2007 4:07 pm

Not exactly Louisville, but anything Gannett seems fair game here! This from today's Business First web site:

Kentucky Post to fold at end of year
Business First of Louisville - 2:12 PM EDT Tuesday, July 17, 2007


Faced with the demise of its 30-year joint operating agreement, the Kentucky Post and the Cincinnati Post will cease publication on Dec. 31.

E.W. Scripps Co., owner of the two newspapers, said it was not economically feasible to continue to publish the papers after Gannett Co. (NYSE: GCI) announced in 2004 that it would not renew the agreement.

"The investment that would be needed to continue publishing a daily newspaper that could successfully compete in a marketplace with so many media alternatives would be prohibitive," said Rich Boehne, chief operating officer for Cincinnati-based Scripps (NYSE: SSP).

The shutdown of the two papers will affect 52 newsroom employees, who will be offered severance packages, Scripps said in a news release.

The joint operating agreement with Gannett was formed in September 1977, to save the faltering Post which, along with many afternoon newspapers, was suffering from declining circulation. The agreement combined business operations, including advertising, subscriptions, production and distribution, while keeping the two newsrooms independent.

By 2007, the Kentucky and Cincinnati Post's afternoon editions were reaching only about 4 percent of local households, according to Scripps.

The Cincinnati Post was founded in 1881 as the Penny Paper. It was bought by James Scripps the same year and in 1883 the name was changed to the Penny Post after E.W. Scripps took over its operation. The name was changed to the Cincinnati Post in 1890, and the Kentucky Post was launched that same year as well.
no avatar
User

C. Devlin

{ RANK }

Foodie

Posts

569

Joined

Thu Mar 01, 2007 12:42 pm

by C. Devlin » Tue Jul 17, 2007 4:15 pm

Anybody know whether Rupert Phillips is still involved with Gannett?
User avatar
User

Jay M.

{ RANK }

Foodie

Posts

797

Joined

Mon Apr 09, 2007 10:09 pm

by Jay M. » Tue Jul 17, 2007 10:00 pm

What's your opinion of the apparent acquisiton of the WSJ by Rupert Murdoch??

I heard a State of Affairs (WFPL) show late last month regarding the current state of the newspaper industry. The guests were Ed Manassah, formerly of the CJ and now at Bellarmine U., and a gentlemen from an organization promoting Kentucky newspapers. They were tremendously upbeat about the state of the industry. There was a lot of talk about the "challenge of change" and how the industry is reacting. I don't know whether to believe what they were saying or that they're just a couple of Pollyannas.
no avatar
User

Barb T.

{ RANK }

Foodie

Posts

83

Joined

Tue Mar 06, 2007 1:47 pm

Location

South End

by Barb T. » Wed Jul 18, 2007 4:15 am

Maybe their outlook is rosy because they like what they read there. As to Rupert Murdoch, I don't like to think how much he is using his empire to manipulate our thoughts. With his degree of control of the industry, what is happening is what Rupert says is happening. :( :x
User avatar
User

Robin Garr

{ RANK }

Forum host

Posts

22984

Joined

Tue Feb 27, 2007 2:38 pm

Location

Crescent Hill

by Robin Garr » Wed Jul 18, 2007 7:05 am

Jay M. wrote: the current state of the newspaper industry. The guests were Ed Manassah, formerly of the CJ and now at Bellarmine U., and a gentlemen from an organization promoting Kentucky newspapers. They were tremendously upbeat about the state of the industry. There was a lot of talk about the "challenge of change" and how the industry is reacting. I don't know whether to believe what they were saying or that they're just a couple of Pollyannas.


I'm voting that it's Pollyanna. Details upon request. ;)
no avatar
User

C. Devlin

{ RANK }

Foodie

Posts

569

Joined

Thu Mar 01, 2007 12:42 pm

by C. Devlin » Wed Jul 18, 2007 12:21 pm

My own take on Murdoch is that he's pure commercialism and all about the money, which is pretty much inevitably dangerous when you couple them with venues that are pretty much the antithesis of that.

But I was actually referring to Rupert Phillips (an entirely other Rupert), who was associated with Gannett in a fairly substantial way a number of years ago (and not always with good press), and I was wondering whether anybody'd heard of him regarding any local Gannett doings.
no avatar
User

Paul Pfister

{ RANK }

Foodie

Posts

63

Joined

Tue Mar 06, 2007 1:57 pm

Location

greater Germantown

by Paul Pfister » Wed Jul 18, 2007 12:51 pm

I don't have the greatest mind in the world for business, but it puzzles me that the FTC (or whatever oversight authority) says nothing while News Corp, gains ever greater control over print and broadcast media, but does decide to weigh in when two niche grocery stores plan to merge.

It would seem a lot more problematic about who is controlling our information than the price of organic peanut butter.
"a pinch or a pound, a tad or a ton"-Nuts n Stuff
User avatar
User

James Paul

{ RANK }

Foodie

Posts

202

Joined

Fri Apr 06, 2007 2:08 am

Location

Seymour, Texas

by James Paul » Sat Jul 21, 2007 2:08 am

I agree with Paul on his opinion.

Business decisions are not a popular thing for most.

I think TP should buy the paper and get the Lexington Harald To print the thing. Blow some life in it and make a go.
Every days a holiday and every meals a feast !

Who is online

Users browsing this forum: No registered users and 20 guests

Powered by phpBB ® | phpBB3 Style by KomiDesign