EXPRESS PUBLISHER DROPS OUT OF HOLLINGER AUCTION Asked to revise
bid, says it wants to buy a business, 'not a
trophy'.(London's
One of the more than one dozen probable bidders for the assets of
Hollinger International Inc. dropped out on Friday, saying that it was
"in the bidding process to buy a business, not a . . .
PERSONS.(appointments)
Publishers: At the Pilot News and its ancillary weeklies in
Plymouth, Ind., Grover Ford has been named publisher; previously he was
publisher of Oklahoma's Poteau Daily News. Ford is a . . .
BRIEFS.(Dow Jones & Co. acquires Vereinigte
Wirtschaftsdienste GmbH of Eschborn, Germany)(Audit Bureau of
Circulations rules for
*DJ buys German financial newswire: Dow Jones & Co. said last
week that it had reached an agreement to buy Vereinigte
Wirtschaftsdienste GmbH of Eschborn, Germany, for Euro 9.8 million in
cash . . .
BIDDERS LINE UP AS FBI PROBES HLR.(Hollinger International
Inc.)(Brief Article)
Against the backdrop of a U.S. Justice Department investigation,
potential bidders for Hollinger International Inc. lined up last week.
Gannett's chief executive, Douglas McCorkindale, told . . .
GOOD NEWS, BAD NEWS FOR SUPPLIERS.(Adobe Systems Inc. and
Microsoft Corp.)
Last week presented a trio of newspaper suppliers with both good
news and bad, though there was more bad news than good.
At Adobe Systems Inc. -- supplier of the ubiquitous Photoshop . . .
OUTLOOK IS eCAUTIOUSLY OPTIMISTIC'.
At a presentation to media stock analysts last week in New York,
Gannett Co. Inc. spoke in rather rosy terms about the remainder of the
quarter and through the rest of the year. Additionally, . . .
HELP-WANTED CLASSIFIED GETS HOT IN THE HEARTLAND JRN, JRC, MEG,
MNI, NYT, PTZ, TRB mostly show growth trend.(financial results o
More and more indicators are pointing toward a classified
advertising recovery, with Journal Register Co., Media General Inc.,
The McClatchy Co. and especially Tribune Co. all reporting last . . .
PERSONS.(appointments)
Executive suite: At Chicago's Tribune Publishing, Tim Landon
has been named president of Tribune Interactive and Classifieds, a new
unit; previously Landon was president of Tribune Classifieds. . . .
JRN RENAMES COMMUNITY PAPER GROUP.(Journal Communications Inc.
renames Add Inc. division as Journal Community Publishing Group)(
Add Inc., the unwieldy name for the community newspaper division of
Journal Communications Inc. of Milwaukee, has been jettisoned by the
newly public company, in favor of the more prosaic Journal . . .
UNION GIVES ON HEALTH, VACATIONS.(Teamsters Local 211 agrees to
contract changes with Pittsburgh Post-Gazette )(Brief Article)
The 10 unions that represent about 1100 workers at
Pennsylvania's Pittsburgh Post-Gazette approved a change it their
existing contract late last month that includes an increase in
prescription . . .
BAD NEWS FOR PAPERMAKERS CONTINUES.(Abitibi-Consolidated Inc.,
and Bowater Inc.)
The two largest suppliers of newsprint in North America continued
to suffer at the hands of outsiders last week, as a second
credit-rating agency downgraded its opinion of their ability to . . .
LORD BLACK FORCED TO SELL SHARES.(Lord Conrad Black, Hollinger
International )
In the ongoing saga that is Hollinger International Inc., founder
Lord Conrad Black continued to suffer humiliation at the hands of
accountants last week, while the bidding process for the . . .
SPANISH-LANGUAGE PAPERS STIR IN L.A., TEXAS, FLORIDA Niche
publishing continues to thrie, with new daily in Los Angeles.
Newspaper niche publishing -- as opposed to the mass-market
vehicles that daily newspapers have been for 150 years -- continues to
grow in popularity and in recent weeks it's been . . .
PERSONS.(appointments)
Executive suite: At MediaNews Group of Denver, Joseph Zerby IV has
been named vice president of operations for East Coast newspapers and
will oversee 21 operations; previously Zerby was the . . .
KRI, PTZ BUY WEEKLIES NEAR DAILIES.(Knight Ridderand Pulitzer
Inc.)
Weeklies in Texas and Oregon became part of much larger
organizations last week, as Knight Ridder bought eight small papers
near its Fort Worth Star Telegram and Pulitzer Inc. bought . . .
DELAWARE COURT RULES AGAINST LORD BLACK.(Lord Conrad Black,
chairman of Hollinger International Inc.)
The judge who heard arguments between Lord Conrad Black -- the
controlling stockholder of Hollinger International Inc., publisher of
the Chicago Sun-Times, The Telegraph of London and the Jerusalem . . .
DOWNGRADES HIT BUSINESS.
Wall Street and bankers indicated a general unhappiness with
newspapers and papermaking last week, as stock analysts and credit
rating authorities took steps to air their dim views of four . . .
2003 NOT AS BAD AS IT SEEMED; Q4 UP 2.6%, YEAR UP 1.9% NAA's
spending estimate focuses on national, up 8.1% for year.
A new estimate of overall advertising spending in newspapers
indicates there was slight growth, both in the fourth quarter of 2003
and in the whole year, which gives some potential for a rise . . .
PERSONS.(Officials and employees of Newspaper publishing)
New to the board: At Knight Ridder of San Jose, Mark Ernst has been
named to the board of directors; Ernst is the chairman, president and
chief executive of H&R Block Inc. An executive with H&R . . .
BRIEFS.
*Newsday said to inflate circulation: A group of four New York
advertisers have filed suit in U.S. District Court alleging that
Newsday, the 580,069-circulation paper that serves Long Island, . . .
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