Is this the end of the daily newspaper?
In this week's cover story,Trials and Stribulations
, G.R. Anderson Jr. and Paul Demko analyze the recent sales, buy-outs, and legal tangles involving the Star Tribune and Pioneer Press. An excerpt: "Avista Capital Partners, a private equity firm with no prior experience in the newspaper business, agreed to buy the Strib for $530 million—less than half what McClatchy had paid for the paper eight years earlier. McClatchy tried to put a positive spin on the shortfall by pointing out that the sale would save the company $160 million in taxes. But the Strib sale nonetheless became a national benchmark for how steeply the value of daily newspapers has tumbled in recent years. 'I was stunned,' says Tim J. McGuire, the newspaper's former top editor. 'I didn't realize that revenues had declined quite as much as they obviously had.'" Can two daily papers thrive in such a small market? Can daily newspapers survive in the internet age? Check out the cover storyhere
, then come back to join the conversation.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss City Pages' biggest stories.
- Sketchy Toby Keith's I Love This Bar and Grill empire crumbles
Sat., Oct. 17, 12:00am
Sun., Oct. 18, 12:00pm
Fri., Oct. 23, 7:00pm
Sat., Oct. 24, 7:00pm
- Anti-abortion investigators' shocking revelation: U does research
- Top 5 Hate Mails of the Week: 'I can't believe Shitty Pages...'