January/February 2014 Openers

Is there a future for family owned newspapers? Will newspapers even exist in the future?

These questions come to mind when one considers the difficult environment in which family newspapers operate today. In recent months our industry has experienced dramatic shifts. Family-owned Advance Publications decreased the print publication schedule of its newspapers in Alabama, New Orleans, Portland, Ore., and Cleveland. Times-Shamrock, a family media company based in Pennsylvania, sold some of its newspapers. And two of the nation’s most famous family-controlled newspapers, The Washington Post and The Boston Globe, have been sold. A new breed of newspaper owners has emerged, led by Warren Buffett, Jeff Bezos and John Henry.

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