- Posted by admin
- On September 17, 2018
The Inside Track On Trouble-free Solutions
Earlier this year, The Tampa Bay Times, Florida’s largest newspaper, said it was cutting about 50 jobs. Publisher Paul Tash told CNNMoney at the time that the tariffs added $3 million in expenses that the paper could not absorb. Other publishers have expressed similar concerns. Small newspapers in Maryland , Georgia, Colorado and Mississippi have all said they will cut the number of editions they print each week in part because of tariffs. “What we have said about the impact of tariffs is actually panning out,” Boyle said. “We said these tariffs are not going to help US newsprint producers, because it’s going to accelerate the decline in demand.” The LaGrange Daily News, a small paper in Georgia, said last week that it will start printing five editions per week instead of six, partly because of “rapid increases in newsprint costs.” “What we’re being charged now to print our newspaper is more than it was four months ago, is more than it was eight months ago. That’s a direct correlation, obviously, with the tariffs,” said Baker Ellis, the president and publisher of the Daily News. He also runs another paper, the Valley Times-News, in neighboring Alabama. Both are part of the Boone Newspapers chain. The tariffs were handed down by an administration that has taken a tough stance on trade.
For the original version including any supplementary images or video, visit https://money.cnn.com/2018/08/28/media/newspaper-tariffs-vote/index.html
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Atkinson undertook a similar strategy for the four newspapers that make up his Sonoma West company, which have a combined paid circulation of 9,900: The Healdsburg Tribune, The Cloverdale Reveille, The Windsor Times and Sonoma West Times & News. Since March, he has gotten a quarter of the way to his goal of $400,000. The offering lasts until March 2019, and the road show consists of Mr. Atkinson making his pitch over cocktails, at dinner parties and in everyday conversations around town. (A prospectus is posted online, offering a rare look at the finances of a local newspaper chain.) “We’re a high-contact sport around here,” Mr. Atkinson said in a recent interview alongside Ray Holley, his managing editor. “Our readers are right here. We’re face to face. When we are in the grocery store checkout line, there are our subscribers and readers. For Ray and I, it takes a long time to get our shopping done.” Local newspapers have long been staples of communities across the country. But the shifts in the wider media industry have been devastating to these smaller publications.
For the original version including any supplementary images or video, visit https://www.nytimes.com/2018/08/26/business/media/local-newspaper-shareholders.html
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