John Morton
John Morton
companies company growing inherited markets newspaper tony work
Tony Ridder inherited a company that had a lot of newspaper companies that are not in growing markets and would never be in growing markets. That's what he inherited, and that's what he had to work with.
history trying
The history of trying to start a daily where there already is one is that it has never worked.
buyer chains concentration discard future goes growth markets newspaper ownership
There are only so many growth markets. As concentration of ownership goes forward, you'll see future acquisitions of newspaper chains go pretty much the way this one did: The buyer will keep the growth markets and discard the rest.
acquired address appearing larger lower mirror operating papers profits size staff thrown trying typical
When Tribune acquired Times Mirror they acquired papers with much lower operating profits than Tribune papers have traditionally thrown off. The L.A. Times has a larger staff than is typical for that size of paper. They've been trying to address that without appearing to be a slash-and-burn company.