Articles sourced from Daily Clips
Alden Global Capital Looks to Acquire Lee Enterprises
Investment groups control approximately half of the United States’ daily newspapers, if Alden is able to acquire Lee Enterprise, which has a multitude of newspapers under its belt, will would make it a clear majority.
Family businesses rather than large investment firms have historically run local news. However investment firms have taken a liking to acquiring newspapers in order to squeeze as much profit as they can before disposing of them. It is for this reason that lawmakers, local reporters, and journalism advocates are sounding the alarm to put a halt Alden’s attempt to take over Lee Enterprise.
Tribune Publishing Searching for a New Editor and Publisher
After being with the Hartford Courant for 30 years, Andrew Julien will become the executive editor of the New York Daily News. While Tribune Publishing searches for a new editor and publisher for the Courant, Kevin Corrado will be in charge of business operations until a permanent replacement has been found for Julien.
Julien told the Courant, “While I am excited about this new opportunity, this is a bittersweet moment. I’ve been at the Courant for more than 30 years and have been honored to be part of an amazing team that led transformation into the digital world and covered the 9/11 terror attacks, the Sandy Hook massacre and – most recently – the coronavirus pandemic.”
The Courant is the oldest continually published newspapers in the United States going into its 258th year of operation.
New President and Ad Director for Napa Valley Publishing
Following the retirement of previous president Davis Taylor in August, Jay Scott has been named president and advertising director of Napa Valley Publishing.
Scott states, “I look forward to the opportunities to meet, interact, and become ingrained with the great people in our community.”
Previously, Scott was the director of digital sales for Adtaxi, a national digital marketing agency.
Boston Globe Union Ratifies Contract
After 3 years of negotiations, members of the union representing journalists and employees of the Boston Globe on the business side have ratified a new contract.
The contract provides a 3% raise for Boston Newspaper Guild members and a $1,000 contract-signing bonus. It also provides a 2% raise in the second and the third years of the agreement.
Scott Steeves, president of the union, states, “This agreement is a big win for journalists, guild members, and New England readers.
This contract will provide protection for guild members, as well as economic benefits such as overtime pay protection, a new parental-leave policy, and just cause provisions.
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