News at GateHouse Media/PJ Star

[Average Joe]

Big financial news at GateHouse Media, the new owner of the local Peoria Journal Star.
1st quarter earnings report stated that the corporation lost $5.3 million, equalling 14 cents a share.
The value of GateHouse stock dropped 3% on the news.

http://www.rbj.net/fullarticle.cfm?sdid=66697

Also, one of the Copley Press newspapers that was bought by GateHouse Media, the Canton Repository (Canton, OH), had its editor step down, and it's publisher quit, declining to stay and work for GateHouse.

http://www.mediainfo.com/eandp/news/article_display.jsp?vnu_content_id=1003585175

Expect some changes coming son at the local Peoria newspaper to counter these losses.

[OrangeandBlack74]

Re: News at GateHouse Media/PJ Star

Big financial news at GateHouse Media, the new owner of the local Peoria Journal Star.
1st quarter earnings report stated that the corporation lost $5.3 million, equalling 14 cents a share.
The value of GateHouse stock dropped 3% on the news.

http://www.rbj.net/fullarticle.cfm?sdid=66697

Also, one of the Copley Press newspapers that was bought by GateHouse Media, the Canton Repository (Canton, OH), had its editor step down, and it's publisher quit, declining to stay and work for GateHouse.

http://www.mediainfo.com/eandp/news/article_display.jsp?vnu_content_id=1003585175

Expect some changes coming soon at the local Peoria newspaper to counter these losses.

I would think the more likely changes will occur at the other local paper owned by Gatehouse (Pekin Daily Times).

[patrick_o'brian]

Re: News at GateHouse Media/PJ Star

Big financial news at GateHouse Media, the new owner of the local Peoria Journal Star.
1st quarter earnings report stated that the corporation lost $5.3 million, equalling 14 cents a share.
The value of GateHouse stock dropped 3% on the news.

http://www.rbj.net/fullarticle.cfm?sdid=66697

Also, one of the Copley Press newspapers that was bought by GateHouse Media, the Canton Repository (Canton, OH), had its editor step down, and it's publisher quit, declining to stay and work for GateHouse.

http://www.mediainfo.com/eandp/news/article_display.jsp?vnu_content_id=1003585175

Expect some changes coming soon at the local Peoria newspaper to counter these losses.

I would think the more likely changes will occur at the other local paper owned by Gatehouse (Pekin Daily Times).

One of the other managers in my company has a husband that works for the PDT as a press operator. He has been witht htem for roughly 15 years I think she said and he was recently let go and offered a severance package. Many people are going to lose their job over this. This is proof that it is already happening.

[tornado]

Two comments and documentation...

1) Virtually every single daily newspaper in the entire nation is losing circulation, especially among young readers who mostly see the papers as controlled by outside influences, and who find other news sources as more timely and relevant.

http://www.stateofthenewsmedia.org/narrative_newspapers_audience.asp

2) Papers are run by people and people have agendas and they have a need to try to run a profit.
Many papers have a slant. Liberal, Conservative, profit-oriented, advertising-oriented, and almost all are self-serving, giving endless hype to talentless pop-stars and Anna Nichole wannabes. If this is what they offer as news, they get what they deserve.

http://www.freerepublic.com/focus/f-news/1791200/posts?page=11

Finding real, honest news is getting very difficult in most papers.

[Murph]

Two comments and documentation...

1) Virtually every single daily newspaper in the entire nation is losing circulation, especially among young readers who mostly see the papers as controlled by outside influences, and who find other news sources as more timely and relevant.

2) Papers are run by people and people have agendas and they have a need to try to run a profit.

After 30 plus years of having the PJS delivered to our home my yearly subscription has just expired and i'm not renewing, bye bye Joe and Co......

[tornado]

I feel the same, Murph, there's really not much newsworhty, but I still enjoy reading the details of the high school box scores and the results of area track meets, basketball games, etc.
and even though very few details are ever included, there's just no place else to find this stuff.

[Average Joe]

Gatehouse Media, the new owner of the PJ Star and Pekin Times, just purchased five more newspapers
in the Tricounty area. The papers, the Peoria Times-Observer, the Chillicothe Times-Bulletin,
the Morton Times-News, the East Peoria Times-Courier and the Washington Times-Reporter,
have a combined circulation of 31,000. Looks like Gatehouse owns Central IL now.
bradleyfans.com may be the sole independent voice in the area and who knows how long before Gatehouse buys 'em.

[MacabreMob]

bradleyfans.com may be the sole independent voice in the area and who knows how long before Gatehouse buys 'em.

BradleyFans.com ain't for sale. Stock keeps rizin' over here on the Red/White board.

[Average Joe]

Now Gatehouse media, owner of the Journal Star is asking stockholders to pay for the reckless overspending they've been pursuing buying up all these failing newspapers.

"to pay off $300 million in debt taken on for its recent purchases of dailies from Gannett Co. and The Copley Press"

http://www.editorandpublisher.com/eandp/departments/business/article_display.jsp?vnu_content_id=1003606420

Smart stockholders and portfolio experts will shy away and they'll have to discount these offerings, and lose even more $$.
Watch for the layoffs to begin soon.

[RocketWatcher]

Most papers and CBS, ABC, CNN, NBC, etc. are losing viewers while talk radio is flourishing.

People are getting tired of the liberal bias and all the constant doom and gloom in the media.

Want to make money? Put Rush Limbaugh on any of the big 3 media outlets in a prime time slot.

A huge number of the 20-30 million daily listeners would watch that.

[Chico]

You told it like it is RocketWatcher. The libs don't like that. That's why they hate Rush so much.

[houstontxbrave]

Most papers and CBS, ABC, CNN, NBC, etc. are losing viewers while talk radio is flourishing.

People are getting tired of the liberal bias and all the constant doom and gloom in the media.

Want to make money? Put Rush Limbaugh on any of the big 3 media outlets in a prime time slot.

A huge number of the 20-30 million daily listeners would watch that.

Wasnt Limbaugh at one time on TV? Dont see him there anymore.

BTW there are also plenty of us "Libs" who are tired of the constant spooing of the Right Wing Conservtatives and the ideology that now has us in a no win war, in more debt then this country has ever seen, a boarder that your President refuses to close or enforce laws that are already on the books and virtually no positive relationship with any other country.

I can not wait for election day 2008 so the right thinking party takes over the Presidency and your thinking and hopefully the right wing radio is abolished for atleast the next 4 years. Because we already have the congress and will with the Presidency return this country to a level where the USA deserves to be,

[tornado]

ahem......I love free speech, but we can't have too much of this, OK...
let's stay on topic or posts are gonna get deleted.

It doesn't take too much of an imagination to figure how a fun sports/basketball message board can get hard to moderate once the politics start flying.

[tornado]

The owner of the Chicago Sun Times convicted of fraud, obstruction of justice.

http://www.pjstar.com/php/index.php?/news/chicago_mixed_verdict_delivered_in_conrad_black_trial/

[Average Joe]

Maybe this isn't really news any more, but Gatehouse Media, owner of all the newspapers here in Central IL
just took a huge hit the past several days on Wall St.
"Community publisher GateHouse Media Inc. (NYSE:GHS) set a new low Thursday as shares fell 96 cents, or 5.42%, to close at $16.76. GateHouse went public in late October with an initial offering price of $18.00"

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003617573