from the Pew Research Center:
In the past two years, several media companies that own both print and broadcast properties have spun off their newspapers and other print products into separate publishing companies to isolate this troubled sector from their more profitable broadcast stations. And this strategy has largely paid off.
Gannett Co. Inc., Tribune Company, and E.W. Scripps Co., which together own more than 100 newspapers and more than 70 television stations, all made the decision in 2014 or 2015 to spin off their print properties into separate companies. An analysis of the spinoffs shows that the broadcasting components of the original companies (which also retained many digital properties) have mostly outperformed their publishing counterparts in terms of operating profit margins and stock prices.
A reporter who cannot broadcast
is living alone in the past.
Writing like Dickens,
you’ll still have slim pickins;
there’s no room down at Conde Nast.