A Newspaper Deal Threatens Utah’s Main Non-Mormon-Owned Daily, Critics Say

Like & Share E&P:
RSS
Follow by Email
Facebook
Facebook
Google+
http://www.editorandpublisher.com/news/a-dewspaper-deal-threatens-utah-s-main-non-mormon-owned-daily-critics-say/">
LinkedIn

By: Dean Starkman | Columbia Journalism Review

A deal reached last fall between Salt Lake City’s two main newspapers is unraveling into an angry controversy as the Justice Department looks into allegations that the Salt Lake Tribune, in return for a lump-sum cash payment, is quietly ceding the market to the Mormon Church-owned Deseret News.

The deal, an amendment struck last fall to a longstanding Joint Operating Agreement, would give the News 70 percent of the print revenues generated by the two papers, in return for the payment, the amount of which is undisclosed. The onetime payment, critics claim, would benefit the New York parent, Digital First Media, owned by the hedge fund Alden Global Capital, while choking off revenue needed to sustain the Tribune’s newsroom.

Comments:

Your email address will not be published. Required fields are marked *

Editor & Publisher App: Android Phone

Enjoy everything in the Print edition in an
easy-to-read, easy-to-navigate format
designed exclusively to fit your Android device

Click below to download
and install the Android app.

CLOSE

Editor & Publisher App: Android Tablet

Enjoy everything in the Print edition in an
easy-to-read, easy-to-navigate format
designed exclusively to fit your Android tablet

Click below to download
and install the Android app.

CLOSE

Editor & Publisher App: iPad

Enjoy everything in the Print edition in an
easy-to-read, easy-to-navigate format
designed exclusively to fit your iPad

Click below to download
and install the App.

CLOSE

Editor & Publisher App: iPhone

Enjoy everything in the Print edition in an
easy-to-read, easy-to-navigate format
designed exclusively to fit your iPhone device

Click below to download
and install the iPhone app.

CLOSE