A Chorus of publishers: Vox Media onboards the Chicago Sun-Times as its first licensee since launch

There are few things that can drive as much nerdy-media debate as the Microsoft Word versus Google Docs battle, circa October 2018. Slate’s “Journalists Just Can’t Quit Microsoft Word. But Some Are Trying” (with the A+ “We’re not quite ready to Accept This Change” subhead) Continue reading "A Chorus of publishers: Vox Media onboards the Chicago Sun-Times as its first licensee since launch"

Newsonomics: 8 questions as Michael Ferro leaves the stage ($100 million richer)

Michael Ferro has left the room. Tronc announced Friday that Merrick Media, the Ferro-led, Chicago-based investment firm had sold its 25% stake in Tronc. The hometown Chicago Tribune tries to tell us more about Sargent McCormick, the buyer of Merrick’s stake. We do know of his interest in the family legacy and in art, but not yet much about what he will do with the stake he bought through his McCormick Media. We also know that Ferro’s exit from the newspaper industry spotlight again changes the dynamics of the industry. As we pay our respects to Mr. Ferro, this new story will unfold over the next several weeks. With a closing of the sale to be scheduled, let’s assess what the repercussions could be. What’s the half-life of Justin Dearborn? Colleagues describe Dearborn as the perfect complement to the boisterous Ferro. He’s quiet and non-inflammatory, but one issue has Continue reading "Newsonomics: 8 questions as Michael Ferro leaves the stage ($100 million richer)"

How Labor Unions and a Former Alderman Plan to Transform the Chicago Sun-Times

For half the $2 cover price of a single Sunday Sun-Times, a former Chicago Alderman, Edwin Eisendrath, and an investor group bought the newspaper last Wednesday. A buck – along with a pledge to spend $11.2 million – is about as low as it gets for a news operation, but Eisendrath, who also is managing partner at StrateSphere, might have negotiated the best media deal in history. Time will tell. The price doesn’t actually reflect the market value, because competitor tronc, better known as the former Tribune Publishing, was willing to pay more. Consider Tribune Publishing bought the old Pioneer Press suburban chain from the Sun-Times for $23.5 million in October 2014, according to Tribune reporter Rick Kogan. The new Sun-Times will focus on local news and will not abandon its traditional audiences, but it will look for ways to tell stories on mobile where millennials are consuming
Newspapers. Photo by Renzo Borgatti.
Continue reading "How Labor Unions and a Former Alderman Plan to Transform the Chicago Sun-Times"