"Lee Enterprises updates business outlook, plans more digital subscriptions"
.....
"Also in remarks prepared for the annual meeting, Mary Junck, chairman and chief executive officer, said Lee plans to introduce digital subscriber programs in more Lee markets within the next three months and expects to have paid digital content in most Lee markets by the end of the year.
"She said reception of a digital subscriber program at six newspapers in Montana and Wyoming has been good. She said there has been no adverse effect on digital advertising revenue, that the number of unique visits has continued to grow, and that page views have remained strong.
"'We're excited about the opportunities we see for digital subscriptions,' she said. 'No other source can match the wealth of unique and indispensable local news and information that we provide around the clock, day in and day out. We see this development as an important part of our future.'"
Thanks to the Wolfman for a heads up on the above article.
If you subscribe, and they ban you, do you get your moeny back?
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6 comments:
"If you subscribe, and they ban you, do you get your moeny back?"
That's a good question. It sure would put the JT between a Rock and a hard place.
Lee also owns the Wisconsin State Journal, Capital Times, and Madison.com. That's a profitable market. RJT - not so much. I think this will spell the end for the RJT, OR Lee will have to subsidize it.
Lee is having trouble making the payments on it's debt and it has to raise cash to pay the bills. They have begun chipping away at the smaller operations recently.
"Lee Enterprises is closing the plant that produces the Fremont (Neb.) Tribune and moving packaging and printing to the Lincoln (Neb.) Journal Star, effective April 23."
http://www.newsandtech.com/dateline/article_1a79f442-67cc-11e1-b1a4-0019bb2963f4.html
AND:
"Lee Enterprises Inc., parent company of the North County Times newspaper, has sold three industrial properties in Oceanside for a total of $3.75 million."
http://www.sdbj.com/news/2012/mar/01/lee-enterprises-sells-oceanside-industrial-propert/
This week Lee Ent. is having it's Stockholders Meeting and will be voting on whether or not to authorize a reverse stock split. I think it will be authorized, and, as a Frequent contributor to http://www.leeenterprisessucks.com/I will be sure to send them an update as soon as Lee issues a Press Release. I will also notify this site. JT employees can read it first here!
I see the City of Racine has the JT building assessed at $1.5M, and Lee paid $40,812.04 in property tax. It's unlikely they would ever be able to sell the building, but it's the employees that are the expense, and Lee treats them horribly. SO - I'll say when Lee goes paid subscription their Madison operation will flourish - and MAY be used to subsidize the Racine operation - but if Lee gets in a bind, the RJT will go.
Prediction - RJT gone in 2013.
Links in HMTL
Lee Enterprise consolidates Nebraska Operation
Lee sells Oceanside Property.
Lee Enterprises regains compliance with NYSE share price standard.
If I had the money I would buy it and hire Orbs for a reporter...
If I had the money, I'd buy it and hire local, passionate people to run it for the benfit of the coummunity, not some corporate shills who don't give a fuck about Racine or its people.
Who gives a $%^. I wouldn't give them a nickle to subscribe. They do not cover the Racine news, nor the interest of the people. We have not been represented for many years. News is everyone: It belongs to the people; It is public record.
The internet has foisted this "problem" on many establishments, including the music industry. People now have the means to share. Someone needs to figure out that the party is over and they have to come up with a way to market something worth paying for. Sucking money out of people in this fashion is a thing of the past.
I know orbs holds bad feelings to the JT, but he can't hold a candle to me... and I was never banned.
^ It's true. :-D
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