Pages

2009/07/13

Not everyone is abandoning newspapers....

For a long time newspaper owners on the high end of the spectrum have been gutting newsroom staff and demanding unrealistic profits. Across the country newspapers are apparently on life support. Lay-offs and salary cuts are the norm.

So, how about this: a former Wall Street type has bailed on the corporate life and purchased several newspapers in Iowa (including the Charles City Press).... and in a posting shared with members of Sportsshooter.com, the buyer - Gene Hall - shares his reasons (follow the link in bold, below) and why he believes he is NOT taking a huge risk.

THIS POST with his reasons makes me think that maybe there actually are a few people out there that are thinking about newspapers in the right way.

Good luck. Hopefully he can start a trend...

Post a Comment