Wednesday, September 30, 2009
Friday, September 25, 2009
Tuesday, September 22, 2009
Wednesday, September 16, 2009
Monday, September 14, 2009
In a prepackaged Chapter 11 filing in U.S. Bankruptcy Court in Wilmington, the Lexington, Ky.-based company listed assets of about $33 million and liabilities of about $86 million.
Triple Crown, which operates six daily Georgia newspapers and one weekly with a total daily circulation of about 95,000, has about 330 employees. It announced early last year that it was cutting its work force by 5 percent because of the economic downturn and increased paper and fuel costs.
The company's daily newspapers are the Gwinnett Daily Post, The Albany Herald, the Rockdale Citizen, the Newton Citizen, the Clayton News-Daily and the Henry Daily Herald. It also published the Jackson Progress-Argus Weekly.
Friday, September 11, 2009
The Hanford Sentinel, a daily LCCN publication, will be increasing its news coverage of the Lenmoore area to account for the closing. The Hanford Sentinel also announced that effective September 25th, 2009, it will cease publishing its Sunday edition. The Sentinel will instead be focusing on consolidating its Saturday and Sunday editions into a Weekend edition that will be distributed on Saturdays.
Thursday, September 10, 2009
Wednesday, September 9, 2009
There were three cases where newspapers merged to form a new publication. The Brecksville Sun Courier and Strongsville Sun Star Courier were merged to form the Sun Star Courier. The Chagrin Falls Herald Sun and Solon Herald Sun merged to form the Chagrin Solon Sun. The Lakewood Sun Post and North Olmstead Sun Herald merged to form the Sun Post Herald.
Berea News Sun and the Parma Sun Post increased their respective trade areas.
Eight of the Sun Newspaper publications were eliminated: Euclid Sun Journal, West Geauga Sun, Twinsburg Sun, Nordonia Hills Sun, Bedford Sun Banner, Garfield Maple Sun, Brooklyn Sun Journal, West Side Sun.
Friday, September 4, 2009
-images that are magazine quality
-color on every page (up to 144 pages on one pass)
-refreshed editorial environments
-new Sunday Lifestyle section
Attached please find our revised specification for ROP. Any ads scheduled from Monday October 5th forward, should be sent in the new size.
Sunday insert specifications remain unchanged (max 14” folded edge x 10.75” cut edge). Mid Week preprint can be accommodated at a max of 12” folded edge x 10” cut edge. We have be tracking mid week insert sizes and do not foresee any problems with any ACG account.
Thursday, September 3, 2009
Wednesday, September 2, 2009
Tuesday, September 1, 2009
Freedom, owner of eight television stations, has assets of as much as $1 billion and debt of more than $1 billion, it said today in Chapter 11 papers in U.S. Bankruptcy Court in Wilmington, Delaware. The Irvine, California-based company’s revenue totaled $734 million last year, according to Moody’s Investors Service Inc.
The company said it filed to implement a pre-petition agreement it reached with its lender on a restructuring of its debt. A majority of the lenders will support a “pre-negotiated plan of reorganization,” Freedom said in a statement.
“Reaching this agreement with our lenders provides us with an orderly process to realign our balance sheet with the realities of today’s media environment,” Freedom CEO Burl Osborne said in the statement.
The average weekday circulation of the Orange County Register in the six months through March fell 12 percent from the year-earlier period to 233,626, according to the Audit Bureau of Circulations. That compares with a 7.1 percent industrywide decline.
Freedom’s Gazette of Colorado Springs, Colorado, in the period lost 2.4 percent of its weekday circulation, to 91,599.
U.S. newspaper publishers including Tribune Co., owner of the Los Angeles Times and Chicago Tribune, and Journal Register Co., owner of 20 daily newspapers, previously filed for bankruptcy as the recession speeds declines in ad spending and more readers seek news from the Internet.
Industrywide ad revenue fell 29 percent to $6.82 billion in the second quarter from $9.6 billion a year earlier, according to figures released by the Newspaper Association of America. Ad sales dropped 28 percent in the first quarter, the Arlington, Virginia-based trade group said.
The drought has forced publishers to cut jobs, wages and sections, and boost newsstand prices. Ad sales make up more than half of revenue for publishers including New York Times Co. and Gannett Co.
U.S. advertising revenue for media and entertainment companies will decline through 2010, not returning to growth until 2012, when marketers increase spending on the Internet, PricewaterhouseCoopers LLP said. The New York-based accounting firm predicts print-ad sales will continue to fall until 2013.
Blackstone Group LP owns a 27 percent stake in Freedom and Providence Equity Partners Inc. holds about 18 percent.
The case is In re Freedom Communications, 09-13046, U.S. Bankruptcy Court, District of Delaware (Wilmington).