BELO, DJ GIVE FIRST LOOK AT 2005: IT'S NOT GONNA BE PRETTY
Dallas publisher's stock downgraded to 'neutral'; drops
9% in 13 days
Candor at an investors conference on Wednesday caused a Wall Street
analyst on Thursday to downgrade his recommendation for Belo Corp.
stock, sending the company's share price plunging four percent . . .
PERSONS.(appointmnets)
Publishers: At Georgia's Macon Telegraph, Pamela J. (P.J.)
Browning has been named president and publisher; previously she was
publisher of the Centre Daily Times in State College, Pa., a . . .
BRIEFS.
*Hollinger gets another report extension: Saying it couldn't
make the filing deadline, Hollinger International Inc. of Chicago asked
for another extension for filing its already-late 2003 annual . . .
NEW OWNER LETS 81 GO IN DURHAM.(The Herald-Sun lays off)
Within minutes of taking official possession of the The Herald-Sun
in Durham, N.C., last Monday, executives of Paxton Media Group LLC
fired the paper's top four managers and escorted them from . . .
TABLOIDS, M&A TOP NEW YEAR NEWSPAPER NEWS NYT Co. buys into
Boston Metro; DC's Washington Examiner to debut.(acquisitions and
me
Close on the heels of a report that indicates that newspaper
mergers and acquisitions were up 43 percent last year, the New York
Times Co. on Tuesday said it would pay $16.5 million to buy . . .
PERSONS.(appointments)
Executive suite: At American Community Newspapers LLC of
Minneapolis, Scott Wright has been named group publisher in charge of
the company's 14 papers in North Texas; previously Wright . . .
BRIEFS.(Frederick News-Post)(contracts between London Daily
Express and St. Petersburg Times)
*Hollinger misses deadline: The Chicago-based newspaper publisher
Hollinger International Inc. said last week that it would miss the Dec.
30 deadline that the Securities and Exchange Commission . . .
DIVIDEND REPORT.
Keeping all those orphans and widows in hearth and home, the
publicly traded newspaper companies have, over the last few months,
declared quarterly dividends. Here are the specifics:
*Belo . . .
COMPENSATION INFO REVEALED.
More intimate information about executive compensation in the
newspaper business surfaced last week, as both Pulitzer Inc. and
Gannett Co. Inc., filed documents with the Securities and . . .
2005: NATIONAL ADS NEEDED; BLOGS WORRISOME Year's
predictions range from strong retail, classified, to weak
editorial.
Opiate of the Internet boom, national advertising appears to be the
fuzzy area in the crystal balls of the soothsayers of the newspaper
business who look on the horizon of a new year. Huge gains in . . .
PERSONS.
Executive suite: At Lee Enterprises Inc. of Davenport, Iowa, Brad
Junker has been named controller; previously he was controller of the
Davenport manufacturing facility of Oscar Mayer. Earlier, . . .
WSJ, DAILY NEWS LAUNCH NEW PRODUCTS.(Wall Street Journal
)
Publishers large and not-so-large said last week they would be
launching new products designed to capture new readers.
Dow Jones & Co. Inc. executives confirmed on Wednesday a
Tuesday rumor . . .
BAD WEATHER, BAD THIRD QUARTER FOR PAPERS? Hurricanes already
ravage August results, may hurt earnings.
As the Southeastern United States braced for a fourth major
hurricane in six weeks, publicly traded newspaper and multimedia
companies with operations in the area warned Wall Street that . . .
PERSONS.
On the board: At The Washington Post Co., Melinda French Gates has
been named to the board of directors; Gates is the co-founder of the
Bill & Melinda Gates Foundation and was an executive at . . .
REPORT CITES eCORPORATE KLEPTOCRACY'.
A stinging 513-page report by an independent committee of the board
of directors of Hollinger International Inc. says that not only did
former managers Lord Conrad Black and F. David Radler divert . . .
MIXED OUTLOOK FOR THE REST OF 2004.
Lowered guidance on third-quarter earnings at Dow Jones & Co.,
when mixed with a neutral stock analyst note, offset any joy that might
have come from a report that indicated that the first half of . . .
STRONG CLASS DOESN'T TELL EVERYTHING.(financial reports of
Dow Jones and Company Inc. and Gannett Company Inc.)
First out of the August statistics starting blocks are Dow Jones
and Gannett -- each with slightly different stories to tell about the
end of summer. By the numbers:
*Dow Jones & Co. Inc.: . . .
YELLOW PAGES, WEEKLY, TRI-WEEKLY SOLD.
The Dog Days of Summer didn't prevent the newspaper mergers
and acquisitions business from flourishing in late August and early
September -- transactions large and small transpired around Labor . . .
NEWSDAY NUMBERS TWICE AS BAD AS REPORTED IN JUNE Tribune Co. says
daily sells about 480,000 copies; down 100,000.
Revising its earlier estimates of inflated circulation by almost
double, Tribune Co. on Friday said that its New York newspaper,
Newsday, would report its daily circulation for the six months . . .
PERSONS.
Executive suite: At Cox Enterprises of Atlanta, Sandy Schwartz has
been named vice president of business development; he had been
executive vice president of Cox Newspapers since January. Schwartz . . .
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