That strategy has risks, Lou Ureneck, director of Boston University's business and economic journalism program, told the Globe:
"The danger from a public point of view is that the debt burden gets so high that the company begins to drastically reduce its expenditures on the coverage of news."
Cuts have already begun at the New England newspapers purchased by GateHouse, the article said. It also indicates investors are skeptical about the company's recently announced public offering.
GateHouse Media owns The Joplin Daily, Carthage Press, Neosho Daily News, Neosho Post, and the Big Nickel in this area.
"The danger from a public point of view is that the debt burden gets so high that the company begins to drastically reduce its expenditures on the coverage of news."
ReplyDeleteFor proof, see Nexstar.
It's happening on the local level. Living wage? Forget it. Overtime to cover the news properly? Forget it. This translates into more work for less pay for reporters at area publications. All so others can buy a third car, build a bigger house or take an extra yearly vacation to the Carribean.
ReplyDeleteWhat happened to local, individually-owned newspapers? For God's sake, does everything in this "free" society have to be a corporate chain?