How bad is the economy? New Jersey’s largest food bank is in danger of running short of groceries for the low income individuals and families who need them. How do we know this? A new advertising campaign featuring home-grown rock star and activist Bruce Springsteen.
Forbes.com reported on Wednesday that
The New York Times’ Web site is getting more global, and IHT.com is going bye-bye. The Times told staff in an internal e-mail Tuesday that the paper’s flagship Web site will soon become host to news from sister paper the International Herald Tribune and that the Tribune’s site will be shuttered. The move will require “hard decisions about jobs at the IHT,” and the company is now looking to “reassign or relocate people,” according to the memo.
Watching financial markets burn like toast highlights an interesting trend: the journalism business might be in trouble, but business journalism is only getting hotter. CNBC, the Financial Times, The Wall Street Journal and Fox Business (plus one or two news wires) are trying to elbow each other out of the way for the latest scoop. The New York Times, which has been no slouch, is the latest to bulk up.
Cablevision has a new(ish) big stakeholder and things could get interesting as it is activist investor Harbinger Capital. According to a regulatory filing Harbinger now owns a combined 11 million shares in Cablevision through two funds as of June 30th, making it the 5th largest external stakeholder in the New York cable operator.
We’ve written a lot lately about tiny Journal Register Co , the newspaper publisher that’s exploring its options — another way of saying that its survival is on the line. Among them is getting its lenders to restructure its debt so it won’t have to declare default. Another, which would depend on that, is taking $25 million from an Ohio-based investment firm and selling off a bunch of its failing newspapers.
New York Times Co Chairman and Publisher Arthur Sulzberger Jr. managed to deflect major shareholder insurrection this year by agreeing to offer two board seats to a dissident investor’s rival slate, where one presumes they might be somewhat more placid than when they were banging on the walls of the Gray Lady. Now it looks like he might be working the same charm on disaffected puzzlers.