TITLE

Newspapers

AUTHOR(S)
Fine, Jon
PUB. DATE
April 1999
SOURCE
Advertising Age;4/26/1999, Vol. 70 Issue 18, ps1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article deals with the success of MediaNews Group, a newspaper business based in Denver, Colorado, headed by CEO William Dean Singleton. The privately held MediaNews is the seventh-largest newspaper company in the U.S. and 1999 looks likely to be its first $1 billion year. Operating on other people's money, Singleton specialized in scoring distressed papers on the cheap and steering them back to growth in no small part due to his tight rein on costs. Singleton's strategy for failing papers, has nonetheless resulted in a number of practices that have caught on. One is clustering, in which small and midsized papers located nearly each other pool editorial and production resources to reduce costs.
ACCESSION #
1850345

 

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