There may be only TWO major newspaper chains left in America before
football season starts!
Six months ago,
there were five: Gannett, New Media’s GateHouse, McClatchy, Tribune Publishing
and Alden’s MNG Enterprises.
Today, there are
four when GateHouse swallowed Gannett but kept the Gannett name.
Gannett stock has
freefallen to EIGHTY EIGHT CENTS a share. That makes it a penny stock.
Tribune and MNG are
expected to merge by June.
Staggering McClatchy
is a prime target for Gannett or a merged Tribune/MNG.
In 1995 there were
TWENTY newspaper chains. It took only 25 years to wipe out nearly all of them.
Listing them in
order of their circulation totals there were Gannett, Knight-Ridder, Newhouse,
Times Mirror, Dow Jones, New York Times, Thomson, Hearst, Cox, Tribune, E.W.
Scripps, Hollinger, McClatchy, Freedom, MediaNews, Washington Post, Central,
Morris, Capital Cities/ABC and Copley.
Vanished like the
horse and buggy. But far more important to democracy.
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