BRIEFS.
*GCI, TRB, KRI build retail research sites: Three of the
country's largest newspaper publishing companies said last week
that they would be launching ShopLocal, "an on-line resource that
allows . . .
THE URGE TO CONVERGE IN PHILLY.
The NBC-TV station that serves Philadelphia and Philadelphia
Inquirer said last week that they had entered into a content-sharing
agreement for the next two years.
The paper will give WCAU-TV a . . .
FREEDOM, COX SELL NON-CORE BUSINESSES.
Divestiture, rather than merger or acquisition, has not been a
prevalent theme lately, but recent actions by two privately held
newspaper companies show that sometimes it's best to get out . . .
BELO SUED OVER CIRC SCANDAL.
No fewer than seven law firms filed suit against Belo Corp. last
week. They all seek class action status and all allege that the company
violated securities laws by making "materially false . . .
NEWSPAPER ON-LINE IN JULY: PAGE VIEWS UP AS MUCH AS 54.8% Only a
few public companies release digital media figures.
Whether the metric is advertising revenue or on-line page views,
it's clear that July proved to be a good month for newspaper
digital media operations.
While most of the publicly held companies . . .
PERSONS.
Publishers: At the Daily Mountain Eagle in Jasper, Ala., Jerome
Wassmann has been named editor and publisher; previously he was
assistant to the publisher, a job he'd held since 1981. Earlier . . .
BRIEFS.
*Knight Ridder buys biweekly in Texas: The publisher of the Fort
Worth Star-Telegram said last week that it had bought a biweekly
tabloid that it circulated to about 28,500 households in suburban . . .
BELO OFFERS ADVERTISERS $23M.
As the newspaper circulation scandal continues to drip and drip,
last Monday Belo Corp. made a $23 million reimbursement offer to its
advertisers, while on Wednesday the new publisher of Newsday . . .
SUMMER AD REVENUE SEEMS TO BE CLASSY ALL OVER July figures good
at BLC, GCI, JRC, KRI, MEG, MNI, NYT, PTZ, TRB.
Yep, with the final results in, it appears that July was a bang-up
month. From squinting at the numbers for a while, it appears total
industry retail revenue was up about 3.5 percent, national was . . .
PERSONS.
Not the retiring types: At the Arkansas Press Association, C.
Dennis Schick has retired as executive director. A 25-year veteran of
the group, Schick also served as president of the National . . .
BRIEFS.(Fort Scott Tribune-Monitor)
*Rust buys Kansas daily: Four years of cultivation paid off for
Rust Communications of Cape Girardeau, Mo., when earlier this month it
purchased Kansas' 3289-circulation Fort Scott . . .
PAPERS SEEK TO COMPENSATE ADVERTISERS.
Fallout from two of the four major newspaper circulation scandals
continued last week, with various lawyers skirmishing on Long Island
and executives in Dallas promising a plan to compensate . . .
FOUR FROM JULY: CLASS REVENUE STILL SEEMS EXPLOSIVE DJ, JRC, LEE,
SSP: all (except one) see big classified gains.
With only one-third of the publicly traded newspaper companies that
report monthly results to analyze, it's probably a little early to
say that July was again a good advertising month. Regardless, . . .
PERSONS.(appointments)
Executive suite: At the Morris Newspaper Corp. division of Morris
Multimedia Inc. of Savannah, Ga., Peter Jackson has been named vice
president of sales and marketing and will continue to serve as . . .
BRIEFS.(newspaper publishing industry)
*The zone defense: Papers in Tennessee and Minnesota have recently
said they would be adding or beefing up editions zoned to specific
communities. The Tennessean in Nashville said late last month . . .
DIVIDEND ROUNDUP.(newspaper publishing industry)
*Belo Corp.: Both Series A and Series B shares of the company will
be paid 91/2 cents per share on Sept. 3, to stockholders of record on
Aug. 13.
*Dow Jones & Co. Inc.: Class B common shares . . .
IS M&A ACTIVITY PICKING UP SPEED?(mergers and
acquisitions)
Newspaper acquisitions seem to be picking up speed following last
month's sale of 21st Century Newspapers of Michigan to Journal
Register Co. of New Jersey.
Liberty Group Publishing Inc., which . . .
CIRC WOES FIND THEIR WAY TO DALLAS -- DAILY OFF BY 2.5% Morning
News exec quits after audit; Belo stock plunges 8.5%.(newspaper
Yet another revelation of newspaper circulation inflation sent the
stock of Belo Corp. spiraling downward on Friday, at a moment when many
of the issues from earlier revelations are still up in . . .
PERSONS.(Appointments)
Publishers: At the Valley Chronicle in Hemet, Calif., Toebe Bush
has been named publisher; he will remain as publisher of the Record
Gazette in nearby Banning and as vice president for operations . . .
BRIEFS.(Newspaper publishing)
*Telegraph sale goes through: A Delaware court paved the way last
week for the sale of Hollinger International Inc.'s Telegraph Group
in London, to go through. A motion by Hollinger Inc., the . . .
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