Thursday, February 3, 2011

Singleton: More consolidation ahead

Dean Singleton, who is stepping down as CEO of MediaNews Group after 23 years, says he and the hedge fund, Alden Global Capital, which has taken control of MNG, expect a large-scale industry consolidation that’s likely to unite regional clusters of newspapers large and small under common ownership, according to the Denver Business Journal.


Fred Dodsworth said...

The stink of journalism's dead corpse will grow worse? Only if bankruptsters like Dean Singleton are allowed free rein. Local journalism is vibrant and alive, nationally homogenized news 'product' is the very stink of death, both for the business and for our country. No wonder Wikileaks is up for the Nobel Prize.

Anonymous said...

seems like the way to make newspapers profitable is to actually have more independent businesses rather than large, bloated companies that don't do that great at reporting local news.