– It’s looking more and more like former Disney CEO Michael Eisner will in fact take over the Tribune Co. According to the Wrap, Eisner is good friends with John Angelo, a large creditor of the Tribune Co. who is set to take control of the board once the bankruptcy process ends. That’s good company to keep. A formal announcement could come as early as next week.
– News & Tech reported yesterday that the Dallas Morning News would put up a paywall for stories about the Dallas Cowboys and other content created by the newspaper’s staff writers. News & Tech used an unidentified source for the information. This morning, DMN’s CEO and publisher Jim Moroney wrote to the Dallas Observer, saying the story is “not accurate.” But he didn’t go further than that, leaving plenty of room for speculation. Could we get a better clarification DMN?
– The planned sale of the Washington Times to another group within the Unitarian Church won’t cost the new owners much. According to the memo obtained by U.S. News & World Report, the new owners, News World Media Development, will purchase the paper for $1 and take over much of the paper’s debt. Also the new leaders will reinstate some of the former Washington Times officials fired under Preston Moon’s regime.
– The ultra-swanky Modern Luxury Media found a new owner today as the Atlanta based company Dickey Publishing picked up the group of magazines, according to Folio: magazine. While no official reports of the price tag have been released, the New York Post pegged the going price at just more than $20 million. The company includes titles like Modern Luxury Dallas, Manhattan and The Atlantan. It’s a far cry from the $240 million-plus sticker price the group of magazines went for three years ago.
Photo by Playfulibrarian