Monday, November 9, 2009

Da News... All that's fit to print

Three "yikes" for east coast media this week. Alexander Hamilton's paper, aka the flagship, is down 30 percent in two and a half years at losses of $70 million last year.

Then there's the Philly Inquirer which is heading to auction soon. I caught up with Stephen Fried this weekend and he thought Sokolove missed a few points. The court challenges have been exhausted and no one really knows what will happen when the properties go to auction.

And then there's Conde Nast following 5 percent reductions following McKinsey consultant recommendations.

On a local note, I interviewed with Susannah Vila at her site about the future of local media. Not that I know anything.

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