Every morning, 140 newspapers from 29 states are delivered to the front door of David Hoffmann’s $105 million, 24,202-square-foot estate in the Port Royal neighborhood of Naples, Florida. The papers, all but nine of which he owns and which range in circulation from 5,000 to 250,000, eventually make their way to Hoffmann’s office. There the 73-year-old billionaire settles into his leather blue desk chair, facing the bay, and starts reading. He divides the papers into two stacks: the toss pile and the “red pen” pile — papers he marks up with a felt-tip. He’ll discuss the red pen pile later with Nathan Bekke, the interim CEO of Lee Enterprises, one of the nation’s biggest newspaper chains, in which Hoffmann took a controlling interest in February. Sometimes it’s an inflammatory headline that catches his eye. Other times it’s politics: Associated Press stories, for instance, are sometimes a little to the left for him. He also dislikes articles that don’t portray a city in the most accurate light.
Comments
No comments on this item Please log in to comment by clicking here