As a media worker, and knowing how many media workers are on this forum, I'd like to start a dialogue about it.
The second largest newspaper chain in the U.S., Knight Ridder, was just bought by a smaller, upcoming newspaper group, McClatchy. Several of the properties will be promptly be resold, the Philadelphia Inquirer and the San Jose Mercury News most predominant among them. Here is a story about the Mercury News, which is famous/infamous for their story linking the cocaine trade and the US government but also their stellar Silicon Valley coverage.
http://www.mercurynews.com/mld/mercurynews...ss/14092249.htm
By way of full disclosure, I have a checkered history with Knight Ridder. They owned one of the papers that locked me out, and I spent four years chasing their CEO and their board members around the country trying to get justice for our workers. KR was always considered the most "just" companies, but the strikers never thought so. The decent journalism practiced by KR papers are almost a mistake - but to give them props, they were the only outlet with any interest in getting out the truth on the Iraq War. They caved on the Florida recount but whatever.
I attended several of their annual shareholder meetings and the number one question, like all corporate entities is HOW DO WE MAKE MORE MONEY? Not how can we do better journalism, how can we better serve the communities. Finally, the higher return people forced this sale, and I don't think it's going to be good for journalism or the country.
Media ownership is a smaller and smaller club. In the UK as well as here. Good or bad? Beneficial for consumers or shareholders?
