Tough Times for Newspapers Continue

The Wall Street Journal is reporting that Donald Newhouse of Advance Publications is looking to sell the Newark Star-Ledger.
The Star-Ledger is the 15th-largest newspaper in the country by weekday circulation, and the biggest paper in Advance’s stable.
“This was a very difficult decision to make,” Mr. Newhouse said in an interview. “We have never sold a newspaper, from my father’s time to my time.”
Newhouse is one of the richest men in the world, with a net worth valued at more than $7 billion. His brother, Si Newhouse, who runs the family’s magazine division is also worth $7 billion.
The notoriously private brothers don’t like to talk about their family business.

About David Burn

Native Nebraskan seeking the perfect pale ale in the Pacific Northwest. Copywriter and brand strategist at Bonehook. Co-founder and editor of AdPulp. Contributor to The Content Strategist. Doer of the things written about herein.