• Miami Herald apologizes for insert with ‘racist and anti-Semitic commentary’

    Miami Herald apologizes for insert with ‘racist and anti-Semitic commentary’

    The Miami Herald is investigating how it published a paid insert with what it called “racist and anti-Semitic commentary” and distributed to readers of its Spanish-language sister paper. The Florida daily’s publisher, Aminda Marqués González, earlier this week said it will no longer publish or distribute the content of the weekly supplement LIBRE. Marqués González …
  • Dan’s Papers, quirky East End publication, acquired by Schneps Media

    Dan’s Papers, quirky East End publication, acquired by Schneps Media

    Dan’s Papers, the quirky East End paper which in June bought the Ron Perlman-owned weekly The Independent, has itself been acquired by weekly newspaper chain Schneps Media, The Post has learned. With the June acquisition, the Independent stopped its weekly edition and the combined company was reflagged as Dan’s Independent Media, which is now being …
  • Hedge fund plans to buy bankrupt McClatchy newspaper chain

    Hedge fund plans to buy bankrupt McClatchy newspaper chain

    Chatham Asset Management plans to buy the bankrupt McClatchy newspaper chain in the latest hedge-fund takeover of a major news publisher. New Jersey-based Chatham was named the winning bidder Sunday of a bankruptcy auction for the publisher of 30 local newspapers including the Miami Herald, the Sacramento Bee and the Kansas City Star. The companies …
  • Google has agreed to pay certain publishers for their content

    Google has agreed to pay certain publishers for their content

    Google says it will pay to license content from select overseas publishers as scrutiny from US regulators mounts over its dominance over the news industry. The search giant said in a Thursday blog post that it will pay media groups in Germany, Australia and Brazil for “high-quality content for a new news experience launching later …
  • DOJ fielding news industry’s antitrust complaints about Google

    DOJ fielding news industry’s antitrust complaints about Google

    Google is getting fat off the struggling news industry by using its position as the nation’s dominant search engine to force publishers into unfair agreements, according to a new research report. The Alphabet-owned internet company has become such a powerful force for driving Web traffic that it even dictates how news publications format their web …
  • Seattle Times, Tampa Bay Times, Axios receive coronavirus rescue loans

    Seattle Times, Tampa Bay Times, Axios receive coronavirus rescue loans

    The feds granted a a trio of news outlets millions of dollars in small-business rescue loans as the coronavirus crisis battered the media industry. The Seattle Times, the Tampa Bay Times and political news website Axios received multimillion-dollar, government-backed loans through the $349 billion Paycheck Protection Program, which aims to help small businesses retain jobs …
  • Tribune Publishing furloughs employees in second round of cuts this month

    Tribune Publishing furloughs employees in second round of cuts this month

    Tribune Publishing, owner of the Chicago Tribune, New York Daily News and Baltimore Sun, is instituting furloughs for employees making as little as $40,000 a year in its second round of cuts this month. All non-union employees making $40,000 to $67,000 a year will be furloughed for one week per month, CEO Terry Jimenez said …
  • LA Times says ad revenue ‘nearly eliminated’ as it furloughs workers

    LA Times says ad revenue ‘nearly eliminated’ as it furloughs workers

    The Los Angeles Times, claiming “advertising revenue has been nearly eliminated” because of the coronavirus, said it will furlough business-side employees and slash pay for senior executives by 5 percent to 15 percent. The furloughs are slated to start April 19 and will last up to 16 weeks, according to a memo from the newspaper’s …
  • Tribune Publishing, parent company to Daily News, is cutting salaries

    Tribune Publishing, parent company to Daily News, is cutting salaries

    Tribune Publishing, the parent company of the Chicago Tribune, the New York Daily News, and the Baltimore Sun, late Thursday said it was asking employees across the company to take pay cuts ranging from 2 percent to 10 percent. Unionized shops within the company are being asked to take a 4.5 percent pay cut, according …
  • USA Today publisher unveils employee pay cuts, furloughs

    USA Today publisher unveils employee pay cuts, furloughs

    USA Today publisher Gannett announced a series of pay cuts and mandatory furloughs on Monday in the latest economic fallout from the coronavirus crisis. Gannett executives will take a 25 percent pay cut and CEO Paul Bascobert will forgo his salary entirely until the pay reductions and furloughs cease and the coronavirus pandemic has subsided, …