Another sign of the apocalypse? The Daily News and The New York Post Could Combine some Business Functions
News Corp. Chairman-CEO Rupert Murdoch, who owns The New York Post, and real-estate magnate Mort Zuckerman, who owns The Daily News, don’t really like each other (as anyone following their tabloid rivalry can attest). But they apparently dislike losing money even more. In a reflection of just how bad things are in the newspaper industry (read: declining circulation and advertisers increasingly migrating to the Web), representatives of Messrs. Murdoch and Zuckerman have reportedly been in discussions for several weeks to find ways to combine some business functions of the News and the Post. The talks are focused on combining printing, distribution and other back-office functions, which could save millions in annual costs.
Matthew Schwartz is Senior Editor of ScribeMedia.org and host of the WebTV series, From Print to Digital.
Discussion
No comments for “Another sign of the apocalypse? The Daily News and The New York Post Could Combine some Business Functions”
Post a comment