More from Lean Dean

It is true that the technology is there to have central copy desks. And it is likely that newspapers who can, will continue to explore such ideas.

But when the head of a company makes statements about that, it might help if the company hadn't earned a reputation for underpaying and scaring off most of its best quality talent. It might help if the owner didn't earn a reputation as a bastard who I remain shocked isn't set upon and thrashed by his employees when he tours the newsroom with his minions. It might help if the owner didn't make clear that journalism isn't important to him, and he will push good people out the door if it means making five bucks.

 

Jesus.

Get a clue, Dean.

 

Dean Singleton = Fenton Boles

 

Says a man who likely never wrote or edited a piece of copy. What he means by "have to find ways to grow revenue" is "have to find ways to put a few more bucks in the pockets of shareholders, who don't give two shits about this industry beyond it's place on the Stock Exchange."

 

They're a private company. They're not on the stock exchange.

 

Nope. MediaNews is owned by Dean Singleton.

 

...

Shit. Even worse. My mistake, but boy...even worse.

 

To be fair, MediaNews is owned by Singleton and Richard Scudder.

 

To be fair, Richard Scudder is a figurehead.

 

To be fair Scudder is the money man and Scudder's get is getting some control of the family money and he isn't real happy with the lack of return. Plus did you not see that there is growing concern on Wall Street about the finances of Media News and the loan rating is in jeopardy of being dropped.

 

Go back one page and see my post, posted two months ago.

It starts "Here is the problem with the man and his plan."...
Wall Street doesn't play into this. His lenders do. Here comes more blood from the turnips...

 

Barring a turnaround in the newspaper industry, Media News will eventually succumb to its debt, much like a house flipper when the market goes soft. The business plan is based on a faulty premise.