Tag Archives: Providence Journal

GateHouse reportedly on verge of buying Providence Journal

animated-siren-gif-animated-siren-gif-animated-siren-gif-drudge-reportGoLocalProv is reporting that GateHouse Media is on the verge of buying The Providence Journal for an estimated $50 million to $60 million. John Henry only paid $51 million for The Boston Globe if a GoLocalWorcester report that he sold the Telegram & Gazette of Worcester for $19 million is accurate (Henry paid $70 million for the Globe, the T&G and some smaller related properties).

This story is still developing. But GoLocalProv offers some insight as to why the price might be so high: lucrative printing contracts and a highly desirable downtown headquarters that could be sold and leased back.

Correction: I initially misreported the purchase price of the Globe. Apologies to Matt Drudge for the siren.

 

Bad news continues at New England newspapers

Bad news on two fronts today at New England newspapers owned by out-of-state chains.

First, the Providence Journal announced earlier today that it was eliminating 23 jobs. According to Jim Romenesko, the layoffs include photographers and the paper’s only librarian. Reporters and columnists were reportedly not part of the cut. The Journal is part of the Belo chain of Dallas.

Second, the Eagle-Tribune papers north of Boston have cut 21 positions at their four daily newspapers and several related publications, writes the Boston Globe’s Todd Wallack. The dailies are the Eagle-Tribune of North Andover, the Daily News of Newburyport, the Salem News and the Gloucester Daily Times. The company is owned by CNHI, based in Montgomery, Ala.

More: Wallack has more on the Eagle-Tribune layoffs.

Meanwhile, E-T reporter Mike McMahon, who covered Merrimack College hockey, writes about getting laid off.

The Providence Journal’s print-first strategy (II)

Just out of curiosity, I tried out the Providence Journal on Mrs. Media Nation’s iPad last night. And though I haven’t changed my mind about PDF-based e-editions being generally miserable to navigate and read, the iPad app does make the experience decidedly less miserable.

Being able to use my hands to tap on stories and flip through the paper made using the e-edition sort of all right. I would have been hugely impressed if this were 2001 instead of 2011. Of course, if I wanted to look at the paper exactly as it was published, I’d go buy a copy — which, as I have argued, appears to be exactly what Journal officials have in mind.

But if the e-edition turns out to be reasonably priced, it may prove to be a viable option for people who’ve moved away and still need their daily fix of the Journal. I wonder if we’ll ever find out how many e-subscriptions the Journal ends up selling? I can’t imagine it will be more than a handful.

The Providence Journal’s print-first strategy

During the same week that the Boston Globe started charging for much of its online content and the New York Times announced it has signed up 324,000 paying digital customers, the Providence Journal unveiled its new website — a prelude to its long-promised (or long-threatened) paywall.

The new ProvidenceJournal.com — goodbye, Projo.com — includes just the first few paragraphs of most stories. If you want to read the whole paper online, you have to subscribe to one of those miserable e-editions, a PDF-like format that is difficult to navigate and even more difficult to read. (The Journal’s implementation does seem to be slightly less miserable than others I’ve seen.) There’s an iPad version, too.

Ted Nesi, who’s been writing about the Journal for WPRI.com, says it’s not yet clear what access will cost after the current free trial period expires. But this is not a digital strategy — it’s a print strategy, built on the idea of downgrading the Journal’s electronic presence. Nesi and I talked last December, when the Journal announced the new direction, and what I said then seems to apply now:

The Journal is sacrificing its website in order to bolster its print edition, which is where it makes most of its money. I understand why Journal managers are doing this, but it’s a short-term solution that could prove harmful in the long term. I also wonder whether it will even accomplish anything. Newspaper readers are skimmers, and a headline and brief synopsis of a story may be all that they want.

The Times is proving that people will pay for a well-thought-out, reasonably priced online edition. The Globe is about to learn whether readers in Greater Boston will do the same. The Journal, by contrast, is looking backwards. It might even work — but for no more than a few years.