Digital First pursuing Gannett

This aging processes truly sucks.

 

He remains known as “Lean Dean” in NJ for his severe cost-cutting in newsrooms. In some ways, Lean Dean was the forerunner of DFM.

 

How many beat writers cover a CU game. I think the only paper staffing CU as a full time beat is the Daily Camera. I would guess they only have one writer traveling for football and normally no one for basketball. Am I guessing wrong?

I wonder when we reach the point that a Power Five school has no one traveling for football.

 

DFM bought Singleton's operation when all the debt-leveraged papers couldn't cover the interest due. Singleton knew there was no hope for the industry when he got in and began touring the country snapping up papers he could cluster to improve cash flow - there was never any longterm plan to pay off the papers. Figure the same goes for DFM as well.

And if there was any potential upside - figure the stocks would be higher. People only buy them now because of the dividends.

 

Daily Camera travels one and the 247 affiliate travels, as well. For CSU, Coloradoan travels two and Loveland travels one.

 

Lynn Henning's farewell column after 40 years at The Detroit News

Henning: 45 years covering sports provide endless memories

Lynn was one of four taking the buyout at The News. Eight took it at the Freep. News might have layoffs next week.

 

According to Ken Doctor Gannett has asked DFM to show their money as the board prepares to vote on the offer. DFM has yet to do so but has instead hired an adviser.

Newsonomics: Amid screaming alarms, consolidation mania turns feverish

 

Gannett rejects takeover offer from MNG/Digital First Media

 

I think most of us got the sense that this sale was probably never going to happen, but the confirmation of that is a huge sigh of relief — for now.

 

As bad as it is for both now - I think it would be even worse if they "joined forces." Gannett isn't building - just like DFM they are cutting for profits and it would only lead to more drastic cuts if one took on the others' debt.

 

I read that Gannett's board told the CEO to not invest anymore in papers but push into digital instead.

 

Which is smart, and the opposite of what Digital First requested when the offer came.