While some of the comments are about the The New York Times, theres an interesting comment about Gannett Newspapers, owner of the flailing Muncie paper, The StarPress. Ken writes about the quarterly CEO call with Gracia Martore, More interesting that what Martore said is what she didn’t. She didn’t take the opportunity to support Gannett’s newspaper investments and their importance to her or the company’s future. Instead, we heard the boilerplate of what any investor-pleasing CEO has to intone: Job one is maximizing shareholder return. That’s fair, of course, but it would be refreshing to hear a news company CEO who is also laser-focused on the readers. Further translation of the whole episode: Gannett’s newspapers aren’t now on the market. That, though, is more rapidly becoming a “when” rather than an “if” question. With the morale already in the toilet at TSP, their CEO seems to have abandoned them at a time when she had the analysts attention. She could have told all her newspaper employees that she supported them, but did not. Muncie needs to start embracing the concept of Muncie Matters - a 100% citizen owned news media entity. No more foreign owned newspapers who cant find the truth, despite it being pointed out to them. Its up to the citizens of Muncie and Delaware County - continue paying for a newspaper which intentionally misinforms readers, and extracts money from the community. Or, we build our own newspaper which informs us, and keeps money local. Your choice, Muncie.
Posted on: Wed, 30 Jul 2014 14:57:38 +0000
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