The Denver-based Avalon Equity Fund sold the 20-year-old alt-weekly to Manhattan Media, owner of five neighborhood weeklies and other Manhattan-focused publications. The company plans to merge the Press with Our Town Downtown, a weekly paper started last year that circulates in Lower Manhattan, according to the New York Times. In the company's press release, Tom Allon, president and CEO of Manhattan Media, says: "At its best, The New York Press has been one of the most distinctive community publications in this city. ... It was a leader in blogging before the word was even used -- distinctive perspectives, opinions, reporting and reviews. While New York City has changed dramatically in the nearly twenty years since Russ Smith founded the Press, the need for independent voices and real community news and views hasn't."
In its main feature (subscription-only), the newspaper industry trade publication focuses on the intense competition alternative newspapers now face from new products launched by daily newspapers. "All kinds of competition have been muscling in a market niche that the alternatives have had to themselves for a long time," Washington City Paper editor Erik Wemple tells E&P. On top of burgeoning web competition, he adds, "now everybody is doing free distribution, and listings-driven publications." A shorter piece (also subscription-only) looks at consolidation in the alt-weekly biz, with a special focus on its affect on national advertising.
Ken Silverstein's undercover story focused on Washington lobbyists who represent oppressive foreign governments. Michael Sigman hopes to bring it to the silver screen, according to Variety Magazine's Wilshire and Washington. Silverstein posed as an executive for an energy firm interested in exploiting natural gas reserves in Turkmenistan, which is led by a dictatorial regime. Several K Street firms pitched their services and described how they would spin U.S. officials and journalists to promote favorable policies and news coverage for the Turkmen regime. "It's bad enough to be a lobbyist for the tobacco industry, but some of these guys are mass murderers," Sigman tells Variety.
It's an open question, reports Associated Press, after talking to several real estate executives who say they are moving more of their advertising online. "For our agents, newspapers are an old standby," says Abby Lee, director of regional advertising for a major real estate franchisor. "With younger agents, there’s a trend of going online. There’s a realization that’s where they need to be." Newspaper publishers need to move more aggressively to hold on to real estate advertising, argues Charlie Diederich, the director of marketing and advertising at the Newspaper Association of America. "We’ve got to improve both our print but especially our online products ... so consumers will continue to come to us first so we can deliver that audience to the professional realtor," Diederich tells AP.
Coury Turczyn, who was a "principal editor" of the Knoxville alt-weekly for most of its first nine years before he left in 2000, will return to the paper on Aug. 13 as editor-in-chief, according to an editorial posted on the Metro Pulse website. "More than any other individual, he shaped the paper's appealingly snotty personality and irreverent course," reports the anonymous editorialist. After living in several different states, Turczyn returned to Knoxville in 2005 to serve as an editor for E.W. Scripp's HGTV website. Scripps, which also owns the daily paper in Knoxville, acquired Metro Pulse late last month. Current editor Leslie Wylie announced two months ago that she would be leaving the paper to become a professional competitive equestrian.
In a staff message sent Friday, Alison True admits there "are reasons to be distressed by a change this big," but claims there are also "reasons to be optimistic" about the sale to Creative Loafing, including the new owners' pledge to maintain editorial independence and enhance the paper's business operations. MORE FROM CHICAGO: In an anonymous post on a Reader blog, a recently hired salesperson remembers why s/he took a large pay cut to take a job at the paper: "I did it because I love the Reader, and I have loved it since I was 15 years old sneaking away from the burbs and into the city searching for the comforting yellow newspaper dispenser. ... I wanted to be around people that keenly observed the world and cared about the people living in it, the people other than themselves with stories to tell. And I found that. Here at the Chicago Reader."
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