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On Monday, Nov. 29, Congressman Mark DeSaulnier (CA-11), along with his colleagues Congressman Ed Perlmutter (CO-07), Congressman Jamie Raskin (MD-08), and Congressman David Cicilline (RI-01) introduced two pieces of legislation aimed at supporting and protecting local journalism, and honoring its role in bolstering our democracy, holding government accountable, and informing the electorate.
With the acquisition, Ogden Newspapers will publish 54 daily newspapers and a number of weekly newspapers and magazines in 18 states.
By 2020, out of the 3,000-plus U.S. counties, half had just one local print newspaper of any kind. Only a third had a daily newspaper. Over 200 counties had no newspaper whatsoever. This trend in local news has been life-changing, of course, for the employees who lose their jobs and incomes. But even more concerning is what happens to the communities they used to serve — and, more broadly, what happens to our society and our ability to self-govern when local news dries up.
Alden previously gained seats on the board of Tribune Publishing as part of its strategy for acquiring control of that company.
"It is a pity that market analysts are not really covering Lee. Hence, we don't have a lot of information about Lee's future revenue. With that, I don't think that we need a lot of forecasts because the company's revenue line appears quite stable."
As brands get their marketing back on track post-pandemic, marketers say in-housing media is taking priority. And they want more help from agencies to achieve it.
In a significant push against Big Tech’s ability to maintain market dominance through sheer buying power, the U.K.’s competition watchdog has ordered Facebook (now Meta) to reverse its acquisition of animated GIF platform, Giphy — confirming the Financial Times‘ earlier reporting.
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