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To: raccoonradio

Expect Herald home delivery rates to also skyrocket, as are the Globe’s rates. The Herald was recently sold to Digital First Media, which is owned by a wealthy Hedge fund owner. He currently owns 200+ newspaper bought cheap, and now laying off staff faster than subscribers cancel. This results in huge profits for the owner, who cares zero about real news coverage.

The San Jose Mercury News and its Bay Area News Group has laid off 90% of its newsroom staff in the last few years, since being sold to Digital First Media. Every familiar news staff person is gone, laid off or paid off to retire. Nowadays, the Mercury News relieves on that hateful Washington Post for most its editorials. After quickly noting the editorial or article has been provided by WaPo, you can skip to next article. Don’t bother reading its all negative and distorted news.

http://www.sanjoseinside.com/2018/02/09/bay-area-news-group-hammered-by-more-layoffs-resignations/

So after the initial layoffs at the Herald, expect much further lay offs over the next several years — until nothing is left. Only the Hedge fund owner gets wealthy off the backs of hard working newspaper people.


34 posted on 03/10/2018 3:44:33 PM PST by Darch
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To: Darch

Bay Area Newsgroup newsroom staff went from 440 to 40. A shell of a paper, for which they keep raising rates for home subscribers. The renewal rate for each home subscriber seems to be different, and even negotiating offer price significantly downward still results in large increase. Yet other subscribers are given much lower rates — no rhyme or reason. Total inconsistent pricing for renewals. Only cure is to cancel, and maybe get a much better rate. That’s how they operate nowadays. The game the owner plays, and the gullible take their first offer, or even second (high) offer price. Time to go digital for all news and ads.


35 posted on 03/10/2018 3:51:15 PM PST by Darch
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