Join Our Email List

California Media Workers
Executive Committee

10 a.m.-noon
Saturday, June 19
433 Natoma, SF (3rd floor)

SPECIAL AGENDA:
Outline of local merger plan
Contact us if you have questions.


The final approvals needed have been made to our contract, which went into effect June 8. The guild is printing copies and will be distributing them to you soon. In the meantime here is a link to a copy of the final product. We hope you read it through, as it is the basis for our working conditions and rights. It’s a lot to digest, so as always don’t hesitate if you have any questions.   Check it out.

alternative ownership Anti-Union Armstrong bankruptcy Bargaining Buyouts Cards Chronicle consolidation contract contracts debt Election expedited First Contract Furlough future Grievances guild J-School Jobs journalism Keane Layoffs MediaNews Membership merger NewPaper NLRB online outsourcing Party paycuts Raises Resources Rounds Salary Salary Survey San Jose severance Singleton Training vacation Vote Website
flickr   facebook   

It’s true: Singleton is newspaper shopping

singleton-better

The San Diego Union Tribune today confirmed rumors that yes, MediaNews is showing interest in purchasing the newspaper.

In a July memo to employees, Dean Singleton and Jody Lodovic assured that, “MediaNews is not currently looking to acquire more newspapers,” adding that focus would be better placed on reinventing its current business model.

But MediaNews representatives — by some accounts, including Singleton himself — were among a half-dozen potential purchasers who visited the paper recently to hear more about the business, according to today’s U-T story by reporter Thomas Kupper.

Also expressing interest: Black Press, Stephens Media, Ron Burkle’s Yucaipa Cos, investment firm Platinum Equity and the Tribune Co., who owns the LA Times.

“Both Tribune Co. and MediaNews might see synergies between the Union-Tribune and their other properties in California. MediaNews, for example, already runs a number of California papers under a “clustering” strategy in which some functions are centralized or shared,” Kupper wrote.

“That strategy led the Denver-based company to its last major purchase, the 2006 acquisition of the San Jose Mercury News. With a portfolio that also includes the Los Angeles Daily News, Oakland Tribune and Long Beach Press-Telegram, the company has become the largest newspaper publisher in California.

“However, MediaNews CEO William Dean Singleton’s California ambitions have required him to take on partners. Many of his California papers are owned by an entity called the California Newspapers Partnership, in which MediaNews holds a controlling 54 percent stake with partners Stephens Media and Gannett holding the rest…”

News of potential U-T buyers was reported first by the nonprofit Web site VoiceofSanDiego.org, which also quoted a consultant estimating the paper’s value at $200-$300 million.

“The MediaNews newspapers tend not to be known for their quality,” reporter Randy Dotinga noted, “although its flagship paper — The Denver Post — won a Pulitzer Prize for its coverage of the Columbine High School massacre.”

Tags: , ,

 
Email This Post | Share on Facebook | View the News Archive

Comments are closed.

Contact Us: Email or (415) 421-6833
© 2008, Northern California Media Workers/San Jose Newspaper Guild