Acquisitions
CategoryPaul Godfrey & Wall Street – What will they do with Canwest media properties?
The publishing industry has been ladened with today’s news about the Canwest sale to unsecured investors, led by Paul Godfrey (National Post CEO). Godfrey led the group of investors (JP Morgan Chase & Co. and Morgan Stanley) that bought the debt ridden newspaper group for $1.1 billion.
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Monetizable Change for Newspaper Publishers – agility required for more than just sales teams
Logic tells that it will be next to impossible to make more on the same legacy products and systems. Therefor, there is an increasing need to introduce monetizable change. Monetizable change that allows sales professionals at newspaper publishing units to sell solutions, products and a vision that sets the organization up for the long haul and not just the here and now.
Canwest May Have a Buyer!
Today we’ve learned that there was a group of bidders preparing to put forth a bid to buy three of the Canwest Media newspapers. The newspapers in contemplation are The Gazette in Montreal, The Ottawa Citizen and The National Post.
What Happened to MySpace’s Market Share?
The list covers US Web activity and shows what we’ve all been reading about, which is that the once dominant MySpace has dropped to a share point of only 30 per cent, less than half of what it was September of last year.
Philadelphia Media Group Creditors Could Own Newspaper
Interesting news out of Philly today where a bankrupt publisher is in risk of losing their newspapers to one of its creditors. Philadelphia Newspapers LLC is the owner of both the Philadelphia Inquirer and Philadelphia Daily News and like most publishers, is carrying a heavy debt load to the tune of $300 million dollars. Given … Continue Reading
Canwest and Gannett’s ShopLocal Form Relationship
Canwest announced yesterday that it was entering into a partnership with ShopLocal where it would be the sole provider of ShopLocal products and services in Canada. ShopLocal is now wholly owned by Gannett after a recent purchase from Tribune and McClatchy. Canwest plans to populate their version of the ShopLocal site with online circulars and … Continue Reading
Metro US may soon be no Longer
Amongst the gloomy stories of declining revenues for newspapers, we always thought there was a glimmer of hope for niche magazines and community dailies and weeklies, and for the most part, I still say this is the case. The US extension of the Metro however, “sort of” makes a liar out of me. Metro International … Continue Reading
GM and Chrysler – maybe
It looks like Cerberus (owners of Chrysler) and GM are conducting talks to secure a possible merger of operations. This news comes as no surprise as Standard and Poor announced that it may downgrade General Motors Corp. credit rating just last Thursday. Further to GM’s dismay, the trickle-down effect of the S&P announcement resonated with … Continue Reading
AOL Sold to Microsoft or Yahoo! –
Who knew the search world had it in them and could be so entertaining? According Reuters, talks of selling Time Warner’s AOL to either Microsoft or Yahoo! are heating up. The share prices of all three properties have benefited from the light press of the potential sale. Sources close to the talks provided Reuters their … Continue Reading
Gannett – Now the Sole Owner of ShopLocal
Gannett is now the sole owner of Shop Local, a venture they had previously possessed with the Tribune Co. and McClatchy Co. The Tribune sold their stake in ShopLocal to Gannett for a little over 22 million and McClatchy sold theirs for almost 8 million. It seems as though Gannett’s partners in the ShopLocal venture … Continue Reading
