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tidymaze t1_j1yydjx wrote

Reply to comment by MarthaMatildaOToole in New Connecticut laws for 2023: new truck tax, a pay raise for legislators and bottle deposit expansion by tottergeek

The copious ads on all of their websites and in their publications should provide all the revenue they need. My mother was a reporter for 24 years; I know how the newspaper industry works.

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MarthaMatildaOToole t1_j1yyrwn wrote

My mom was a nurse for 35 years but I'm not telling the hospital how to administrate. https://www.forbes.com/sites/bradadgate/2021/08/20/newspapers-have-been-struggling-and-then-came-the-pandemic/?sh=1cc8c9cc12e6

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tidymaze t1_j1yzaky wrote

I'm more of an opponent of billion-dollar hedge funds/venture capital firms buying out media companies and then forcing them to follow their "philosophies". See: Sinclair Media

Also, $308MM in revenue is hardly struggling. And thanks for the Forbes link, which is also behind a paywall. Or they want me to create an account, which they will then sell the information from to anyone who pays their asking fee. Remember, if it's free, you're the product.

https://www.zoominfo.com/c/tribune-publishing-company-llc/146309212

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thethurstonhowell t1_j1z7nho wrote

Imagine describing Alden Global Capital as a little old company just trying to pay their employees!

Literally laughable after what they did to the Courant.

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AtomWorker t1_j1zc99d wrote

I hope you realize that $308 million is gross, not net profit. They posted a $27 million profit in 2021 and that's only because of cuts. The past decade every other year has seen net profit struggle to break a half percent and that's when they didn't lose money outright.

I hate ad banners and pay walls with a passion; I always run ad blockers and use 12ft.io where possible. The internet killed newspapers and we're all complicit. Consumers expect everything on the internet to be free.

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