Newsonomics: GateHouse Media thinks services for small local businesses can help replace long-gone advertising

GateHouse Media claims to serve 219,000 small- and medium-sized businesses in its hundreds of markets. Like most of its newspaper chain peers, GateHouse expanded its ad selling to “marketing services” more than a half decade ago. Unlike those peers, the company now aims to move profoundly beyond selling ads. Mike Reed, CEO of GateHouse parent…

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Newsonomics: Why is Michael Ferro slowing down Patrick Soon-Shiong’s deal to buy the LA Times and San Diego Union-Tribune?

Michael Ferro’s deal to get paid a 34-percent premium for his Tronc shares vanished as strangely as it appeared. Just seven weeks after Ferro announced that Sargent McCormick was the lead buyer of Ferro’s Merrick Media 25-percent stake in the company, McCormick turned his pockets inside out on Tuesday evening. He released a hurried statement,…

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