Posted on 04/09/2018 1:54:25 PM PDT by george76
The Denver Post is in open revolt against its owner.
Angry and frustrated journalists at the 125-year-old newspaper took the extraordinary step this weekend of publicly blasting its New York-based hedge-fund owner and making the case for its own survival
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The bold tactic was born out of a dissatisfaction not uncommon in newsrooms across the country as newspapers grapple with the loss of revenue
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The lead editorial pulled no punches, describing executives at Alden Global Capital, the paper’s hedge-fund owner, as “vulture capitalists.”
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“The @denverpost is being murdered by its owners,” one Post reporter, John Wenzel, wrote on Twitter. He continued, “We need a new owner, or we are going to get shut down (and soon).”
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Already devastated by staff reductions made since Alden Global Capital took over in 2010, The Post was ordered last month to slash another 30 jobs from a newsroom whose count was already below 100.
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Earlier this year, in another cost-cutting effort, the newspaper left its longtime headquarters in the heart of downtown Denver, steps from the Capitol and City Hall, to an office in Adams County located in the same building as its printing press.
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Digital First Media is among the biggest newspaper chains in the country, with more than 90 newspapers including The Pioneer Press of St. Paul, Minn.; The Mercury News of San Jose, Calif.; The Orange County Register; and The Boston Herald.
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people who bought newspapers on the cheap, thinking they were buying at the bottom,” said Alan D. Mutter, who teaches media economics at the University of California, Berkeley. “The revenue cataclysm continues and probably can’t be reversed.”
Until 2009, Denver was a two-newspaper town, with The Rocky Mountain News in competition with The Post.
(Excerpt) Read more at nytimes.com ...
Hell yeah!. Why don't these self righteous uninalists pool their own money and buy out the owners? They could put their houses up.
I miss the Rocky.
They bought my local newspaper some time back and it immediately morphed into a commie rag. I dropped it.
I posted the following at The Denver Post, but they keep deleting it:
“Right now, The Denver Post is little more than another carbon copy outlet for the lies and rumors of “anonymous sources” published by the major media. Multiple unbiased studies have shown that over 93% of the stories the major media publishes about President Trump are negative, and The Denver Post easily reflects that proportion with their editorials and their “news”, which consists mostly of AP propaganda and rumors from anonymous sources.
I suppose The Denver Post could try a radical experiment of reporting ACTUAL news instead of the tsunami of rumors initiated from the Washington Post, CNN, Buzzfeed, et. al., AND give equal space to both sides, but I doubt they ever will because it’s clear that The Denver Post would rather sail off into oblivion carrying water for the Democrats and the anti-Trumpers than survive as a going concern.
The leftist fake stream media in this country are nothing more than the publicity arm of the “progressive”, leftist Democrat Party and no longer serve a useful purpose, and therefore deserve to die, As it is, The Denver Post deserves to die as well. At this point, I see no reason why I should pay my hard-earned money for lies delivered to my doorstep when I can get all the lies I want for free from the Internet.”
Really?
“My mother is 90 years old. She gets the newspaper.I don’t know anyone else who does.”
which typifies the systemic problem facing print newspapers: their ancient clientele is dying off and no one under the age of 40 is subscribing. It’s pretty much the same thing that is happening to Sears.
I won’t cry when Pravda on the Platte folds.
“Maybe it’s just my generation, but I still start my morning by reading the paper.”
It IS just your generation ... essentially no one under the age of 40 subscribes to print newspapers ... as current subscribers die off, they are not being replaced ...
(btw, i’m probably in your generation, but i gave up the daily newspaper habit 20 years ago ...)
Exactly, The Denver Post is exactly like Pravda. The Post is just about the same thing as the propaganda arm of the Democrat Political Party. The only reason to look at the Post is to look at the adds for cars.
Watching the American version of Hitler’s Ministry of Propaganda collapse warms my biscuits.
I chuckle every time I see how thin the paper is getting. Seems to be shrinking daily.
.
Most of the papers in the country are becoming nothing but Fake News and legal notices.
Advertisers are abandoning papers in droves.
I'm pretty sure they're so cheap because you can't find batteries for them! ;)
They think newspapers are government enterprises.
I don’t like equity firms. I have seen to many profitable firms get destroyed by their ‘improvements’. However, a paper is a business, and you don’t make your owner mad unless you want to be out of a job.
Because they had a bigger stake in Bass Pro.
Cabelas will be gone soon. I am a Nebraska boy, and LOVED the stores. Now they are declining, and with the debt load they will fail soon.
“Denver is about to become America’s first no-newspaper town. That’s a milestone.”
And it lost to San Pelosicisco for the award of the first city allowing the homeless to take bodacious Obamas in the street.
Bias and fake reporting causes layoffs.
How much lying do these left wing fish wraps do re their reported paying subscribers?
If they lie about Trump, how honest are they about their basic business survival need, selling advertising based on real subscriptions.
I had to look it up. I thought it was a restaurant chain.
We don’t have any Cabela’s around here.
We have a Bass Pro Shop.......................
Something will take its place, probably much smaller and closer to the people.................
You could probably make a fortune selling batteries for them.
Ahh, well that’s who bought them.
You could maybe shop on line at Cabelas and save the state tax since they’re not in your state.
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