Wednesday, January 27, 2010
Monday, January 25, 2010
Wednesday, January 20, 2010
Per Ben Cannizarro, the general manager and publisher of Greater Media Newspapers:
"As of the last week of January, Greater Media Newspapers will discontinue publication of the Woodbridge Sentinel. Greater Media Newspapers will also cease publication of the Brick Township Bulletin in Ocean County.
As most of our readers know, the last two years have seen our nation’s economy challenged in a way it hasn’t been in decades. Newspapers have certainly been affected by this downturn, and while we believe that community newspapers are the future of our industry, our group of weekly newspapers has not been immune to the economic reality those challenges have brought.
Like many newspaper companies, we are facing tough decisions that we believe are necessary to keep our core business strong and see us into a prosperous future. And after careful consideration, we made the difficult decision to close those publications.
Greater Media Newspapers remains committed to providing the award-winning journalism that our readers and advertisers have come to rely on.
We will continue to provide up-to-date news and features through our publications the News Transcript, Tri-Town News, Examiner, Independent, Hub and Atlanticville, covering parts of Monmouth and Ocean counties, and the Suburban, East Brunswick Sentinel, Edison/Metuchen Sentinel and North/South Brunswick Sentinel, covering sections of Middlesex County, as well as on our website, http://www.gmnews/. com.
We thank you for your support and readership over the years"
Saturday, January 16, 2010
Friday, January 15, 2010
Karen Dybols of the Detroit Blog quotes Mark and Gary Stern, the publishers and founders of the Detroit Daily Press:
"We've done everything possible to re-launch the Detroit Daily Press but the circulation issues persist," said Mark Stern, Co-publisher. "We tried to get union support and provide jobs. But the unions' demands would make it impossible for us to exist". …
"We tried to provide the Detroit area with a 7 day home delivered newspaper for 50 cents daily and $1.00 on Sundays while the other guys charge $1.00 daily and $1.50 on Sundays and they only deliver 3 days a week. And we set our advertising rates at only one-fourth of their rates. We could afford to do that because we don't have the fixed costs they do for owning presses, big buildings, trucks, pension funds and outstanding debt. But even the best newspaper at an affordable price to both the readers and advertisers can't work if it doesn't get into the hands of the public. And circulation is the key issue," added Mark Stern.
Due to circumstances beyond our control, lack of advertising, lateness of our press runs and lack of distribution and sales, we find it necessary to temporarily suspend publication of the Detroit Daily Press until after the 1st of the year. Once we can fix these things, we plan to be back stronger and more organized wh...en we return. This is just a bump in the road and not the end of the Detroit Daily Press.
Thursday, January 14, 2010
The announcement had been expected since Morris faced the nearly impossible task of persuading nearly all its creditors to agree to a debt exchange offer of $100 million in new debt for $278.5 million in existing debt.
But Morris had already won support for its plan from creditors holding more than 75% of its notes.
The increasingly popular "prepackaged" route through bankruptcy court is generally a quicker and less expensive approach than a typical contested Chapter 11 filing.
Under its reorganization plan, Morris needed the approval of the debt exchange offer from holders of 99% of its existing notes by Jan. 12 to avoid a bankruptcy filing. Morris said it did not meet that requirement and had terminated the offer.
Sunday, January 10, 2010
The Winnipeg-based broadcaster and publisher of the Post and other papers and websites from Vancouver to Montreal said Friday it had reached a restructuring agreement with its creditors, mainly the company's bankers.
Under the deal, the Big Five Canadian banks agreed to make what's considered a "stalking-horse" bid setting the base price for an auction that could fetch more than $1 billion, according to some estimates. The plan keeps the newspaper assets in the hands of Canwest until a group of interested outside buyers are assembled and their offers evaluated.
Wednesday, January 6, 2010
The Voice will be the wrap for all pre-printed inserts and it will contain no editorial but offering various additional advertising opportunities.
The Voice will encompass all previous zip code areas currently covered by the Shopper and the Voice combo. It will continue to be delivered on Sunday-Monday by carriers and the same zip code zoning will be available.