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 http://nyc.is/ about the future of local media. Not that I know anything.
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