Date

Wed - 20.09.2017


digital first media

The Journal Register Company (JRC), whose extensive portfolio of local and regional U.S. news titles includes the New Haven Register and The Trentonian has filed for Chapter 11 bankruptcy.

Parent company Digital First Media (DFM) confirmed the news on Wednesday and also revealed that it was to sell the company as soon as possible. It is hoped that an auction and sale will be finalised within the next 90 days and 21st CMH Acquisition Company, an affiliate of the Alden Global Capital hedge fund that owns the JRC, has already signed "a stalking horse bid" for the company

Under the direction of DFM’s CEO, John Paton, the Journal Register Company has been steadily making a name for itself as one of the leading innovators of the U.S. news industry. Paton’s firmly held conviction that the future will see print newspapers give way to digital models has seen JRC’s investment in digital ventures rise during his tenure. Since 2009 digital expenses at the company have risen by 151 percent, at a time when general expenditure was greatly reduced.

Author

Amy Hadfield

Date

2012-09-06 17:17

You can’t reduce journalism to a simple formula. But if you had to try, a pretty good guess might be “good content + effective distribution = success.”

A new partnership announced between Digital First Media and ProPublica fits well into the equation. As part of the deal, ProPublica will provide Digital First Media with pre-publication access to its news apps, which in the past have taken the form of easily searchable databases of information in the public interest, such as Dollars for Docs, which allows users to see how much money their doctor has accepted from pharmaceutical companies. Digital First Media will then be able to use the content of these apps as a basis for stories at different publications across its large network of local newspapers.

Yet it would be an inaccurate undersell to say that ProPublica is simply providing information and Digital First Media sharing it. Digital First Media journalists won’t simply be distributing the data, they should be building on it to create stories that show its specific local relevance.

Author

Hannah Vinter

Date

2012-03-22 18:39

Syndicate content

© 2015 WAN-IFRA - World Association of Newspapers and News Publishers

Footer Navigation