On Media Consolidation and Foreign Company MacquarieSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


On Media Consolidation and Foreign Company Macquarie

19 December 2007 at 2:46:06 PM

An article from November of this year talks about Macquarie's buying spree of local newspapers all around the United States.

JUST weeks after completing the $1.35 billion takeover of Southern Cross Broadcasting, Macquarie Media Group has gone on a shopping spree in the United States, spending $182 million on 33 newspapers and publications to tap regional advertising demand in the world's largest economy.

The company bought 22 titles from Chesapeake Publishing, mostly in eastern Maryland, and 11 titles from Brown Publishing, a family company in rural Ohio. The deals would make it the fifth-largest owner of small market community newspapers in the US, Macquarie Media said.

Small market community newspapers... owned by a giant holding company/bank located in Australia. Seems there's not anything that's not too attractive for other countries to invest their money in, but I want to talk about this from the standpoint of media consolidation.

I'm certain that being able to consolidate a lot of these so-called local papers and have, say, the printing done no longer in one place but in some central distribution center has got to save on money. And it isn't as if this type of thing isn't new. When I lived in Alvin, Texas, I sold newspaper advertising for the Sante Fe Bulletin, which town was nearby to Alvin. I don't know if it is still the same way, but at the time, every week we'd load up in the car and drive down to Galveston, to the Galveston Daily News building, to dummy up the paper and get it in for print. I don't recall thinking it was unreasonable for the Galveston paper to own the Santa Fe paper and them to be sharing print facilities. And in fact, at the time there was a corporation that owned a lot of newspapers all around the country, can't remember who it was now, but it's probably long gone and swallowed up by some new big newspaper fish.

So, on the one hand, the idea that one company owns multiple local newspapers shouldn't be new or startling. And who could argue with a company wanting to save money for their shareholders, etc. by paring down as many costs as possible and sharing news? (An example: If you compare the Weatherford online paper with the Cleburne online paper, you'll see a basic template with a number of the SAME articles in the SAME layout.)  And, newspapers have been in decline for awhile-I've read a number of reasons for why that may be, but I don't intend to address that here except to say that especially a local newspaper would want to be able to make a profit and be in business, just like anyone else.

Even so... even with an editor that lives in the area.... it just doesn't seem right that a LOCAL newspaper would be run at a cost benefit-for profit corporation that doesn't even headquarter in this country. And whose goal IS to snarf up as many local newspapers as possible.. for profit.. Should the FCC's nod to media consolidation be used for THAT???

With the relaxed cross-ownership rules that Kevin Martin of the FCC just rammed through, despite the public overwhelmingly being against it, what could happen now is that Macqaurie could own not only the local newspapers, but the local DFW television stations.. and the radio stations. do we really want ALL our news in this country to be served by an Australian corporation? It just seems... unamerican.

Here's, incidentally, an interesting link as to what major media companies own what stations, etc.

Permalink Tags:          
     Views: 938 
Latest Blog Post by salon -Video re: Danny Chambers Drag Racing Around the Square In Youth (Glen Rose)
More Posts You Might Enjoy
Why I left the Reporter - an email from Kathryn Jones
Thin Skins and Opinions-Free Speech, The Internet and Newspapers
City of Glen Rose (TX) Feb 09- About the Official Newspaper
Geez. How Pathetic is THIS? VIDEO- Sarah Palin Can't Name a SINGLE Newspaper or Magazine She's Read

 You! Leave a Comment! You Know you Want To!
You must be a registered member to comment on the blog.
Your first post is held pending approval to make sure you're not a spammer bot

 Not registered? Or you can login!

LOGON - Name:Password:

New poster comments are moderated, meaning they won't show up until approved... or not.  Be patient-we have lives outside this blog, so it might take awhile You want to be rude? totally stupid? inappropriate? Racist? Bigoted? Flame war baiter? Your post may be deleted. Spammers or people posting pretend interest comments but really wanting to hawk their latest book or sell stuff or govt propaganda flacks won't see their posts published. Comments do not necessarily reflect the viewpoint of the site owner(salon).
If you have a problem with logging in or registering, please speak up right away. Love your comments. Oh, except spammers
More on commenting


Click Here for Main Page

Today Is  
Friday, December 13, 2019

Latest Posts

Video re: Danny Chambers Drag Racing Around the Square In Youth (Glen Rose)
salon 12/11/2019 Views 62

Video-Somervell County Commissioners Court Dec 9 2019 Regular Meeting- FULL
salon 12/10/2019 Views 58

Video-Somervell County Commissioners Court Dec 9 2019 Special Session
salon 12/10/2019 Views 57

When Somervell County Commissioners Court Spent YOUR Tax Dollar Money to Pay State of Texas ex rel Best v Harper -July 11 2016
salon 12/10/2019 Views 86

Calling out Somervell County Judge Danny Chambers Hypocrisy AGAIN-RESPONSIBILITY of Commissioners Court
salon 12/8/2019 Views 108

What Was Going on HERE? At Somervell County Commissioners Court August 26, 2016
salon 12/7/2019 Views 280

More Blog Headlines


salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )

Home | Blog Home | About | News | Piazza | Calendar | Audio/Video/Open Rec | Search
Write!  |profile | quotes |
top Daily | top Weekly |top Month | top Year | Top All! | archives | subscribe RSS