Discussing the future of newspapers in a recent episode of C-Span2's Book TV, Chris Anderson, who also is the author of The Long Tail and Free: The Future of a Radical Price, had good things to say about his local alt-weekly: "The (New York) Times will be fine. They will figure it out," Anderson says. "My local newspaper -- my local, local newspaper -- the East Bay Express. They're already pretty lean and mean, they're probably going to be good about covering my local community even better. The San Francisco Chronicle? I'm not sure it has a future."
In today's bankruptcy hearing, the judge said she will wait until the Aug. 25 equity auction to define what the "highest and best" offer will be, a decision that CL CEO Ben Eason has said will be of utmost importance to the future of the six-paper company. "While today's hearing about the rules and procedures for the bidding was given a pretty high-drama buildup ... it didn't live up to its billing and was actually a complex, confusing, and undramatic court session," Creative Loafing (Tampa)'s Wayne Garcia writes. Following the hearing, Eason told Garcia he's considering stepping down temporarily as CEO to focus on putting together a new bid for the company, though he said he hasn't made a decision yet and has no timetable in mind.
The shock rocker has issued a warning on MySpace against journalists who write "cavalier statements," saying there will be repercussions for the "soon-to-be-murdered-in-their-home press" if more inaccuracies are reported. Manson's threats come on the heels of a recent L.A. Weekly interview with Buddyhead.com founder Travis Keller, who talked about what it was like to meet Manson in 2007. In the piece, Keller paints Manson as a paranoid cocaine addict and a fraud.
CL CEO Ben Eason has said that today's hearing (rescheduled from Monday) will likely determine whether or not he will be able to retain control of the six-paper chain. The actual auction is slated for Aug. 25, but Eason says that if the judge allows unfettered bidding by Atalaya Capital Management, the company's largest creditor, he may have no chance. He thinks that would be unfair and will ask the judge to restrict Atalaya's ability to bid. "What you'll see is the judge grappling with a core issue: How do you preside over a fair auction where one of the bidders has an advantage that would cause others not to bid," Eason says. "It's like pulling money out of one pocket and putting it into another."
As part of the Village Voice's education supplement, the alt-weekly talks to several 2009 graduates from the Columbia University Graduate School of Journalism about what it feels like to enter an industry that many are proclaiming to be near death. Surprisingly, they remain upbeat about the future and feel prepared to take part in the rebirth of the news industry. "If you look at it differently, it's an exciting time in journalism," one recent grad says. "People are trying to come up with solutions to find out what the future is going to be."
A recent LinkedIn/Harris Interactive poll of 1,015 top executives at ad agencies and their corporate clients found that while the number of advertisers using print and online are still roughly equal the trend lines for the two media are headed in opposite directions. While 88 percent said they were using print, and 92 percent said online, 74 percent of those using internet say they are using it more than they did one year ago, while 49 percent of advertisers that use print say they are using it less.
A controversial executive training program known as NXIVM filed a lawsuit alleging defamation against the paper one day before the statute of limitations would have expired in April, but Metroland wasn't served papers until this month. The paper reports that the crux of NXIVM's suit stems from one line that was attributed to a source. Editor and publisher Stephen Leon says Metroland is consulting an attorney and hopes to have the suit quickly tossed. "The complaint is baseless, and 97 percent of it has nothing to do with Metroland," he says, adding that the passage cited "isn't even remotely defamatory."
Ben Eason tells the Chicago Reader that the key upcoming date in the ongoing bankruptcy saga of Creative Loafing is not Aug. 25, when the auction will be held, but July 27, when the judge sets the rules of the auction. He says the judge should restrict the ability of lender Atalaya Capital Management to bid on the company because "they'll put their money in and immediately take it out." He says that the issue should not just be who has the highest bid for the company, but the "highest and best" bid, which Eason thinks will be his. "For me it's my passion, my life, and everything," he says. "The real key here is not a financial play -- it's how everybody uses their publishing smarts and knowledge of online to fuse those models together. The game is not who's got the most money but who's got the most smarts to make the transition."
As the Augusta, Ga., alt-weekly celebrates its 20th anniversary, reporter Angel Cleary talks to "the only person, save founder David Vantrease, who has been around for the entire history" of the paper: senior music contributor Ed Turner. He discusses what Metro Spirit has meant to the music scene, how much the paper has grown over the years and how he got his column started. "I freelanced starting with the first issue of the Spirit," Turner says. "It was, of course, B.C. (before computers) and (get ready for this) I did not know how to type. And I barely do now! David and Lisa Smith (who was Spirit editor for the first five years or so) agreed to accept handwritten columns from me, which I would slip in the mail slot."
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