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LOCAL NEWS Northland Poster Collective Joins Local Non-profit newest unit Northland Poster Collective became the newest unit of the Minnesota Guild/Typographical Union on May 6 when the parties signed an initial contract. The two-year pact – retroactive to April 1, 2008 - covers all four current Northland employees and will extend to any workers who join or work that is obtained by the Minnesota non-profit.
Local News Longtime Local Executive Secretary dead at 85 Samuel Gompers once said that management is too important to be left to the managers. Through imagination and diplomacy, John Carmichael sought to realize comprehensive worker participation at the Twin Cities’ newspapers. The former Guild Local Executive Secretary, regarded for decades by many in Twin City labor circles as the identity of the Guild, died April 19, 2008 at age 85. He had been stricken with Alzheimer’s for several years.
Memories of a Twin Cities labor icon Colleagues share remembrances of John Carmichael John Carmichael was mentor, friend and colleague to many people in labor and management in his three-decade career as the Executive Officer of the second-oldest Guild local. Many of those associates relate their personal accounts of John. |
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NEWS OF THE INDUSTRY McClatchy is open to selling its share of Seattle Times The McClatchy Co.'s chairman and chief executive tried to reassure shareholders Tuesday that the Sacramento publisher is on the right track despite falling profits, revenue and stock price. On last day on NYSE, Sun-Times stock hits record low in huge sell-off On its last day of trading on the New York Stock Exchange Tuesday, Sun-Times Media Group stock plummeted 26% to reach an all-time low of 34 cents a share in a massive sell-off. Bids due on Star Tribune's land Bids on the Star Tribune's five-block plot of land in downtown Minneapolis are due today, according to an offering memo obtained by the Pioneer Press. New short contract ends Blethen Maine labor battle One potential obstacle in Frank Blethen's effort to sell his Blethen Maine Newspaper group may have been lifted as the tiny Morning Sentinel in Waterville reached agreement with its local Newspaper Guild on a new contract. |
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MORE NEWS OF THE INDUSTRY Tribune's Newsday deal is one step in easing debt Tribune Co.'s $650 million sale of Newsday is an important step toward alleviating its debt burden — for this year.
Cablevision strikes deal to buy Newsday Cablevision Systems and the Tribune Company announced a $650 million deal on Monday that will give Cablevision a 97 percent stake in Newsday.
Cablevision's Newsday bid the favorite after Murdoch exits Tribune Co. and Cablevision Systems Corp. Saturday appeared poised to strike a $650-million deal for Newsday after presumptive front-runner Rupert Murdoch exited the stage, according to people familiar with the negotiations.
Revenue problems force Seattle Times to cut staff by 125 Following up on vows to bring spending in line with its shrinking revenues, The Seattle Times Co. sliced the staff at its flagship newspaper by 125 employees this week.
News Corporation withdraws its bid for Newsday People involved in the negotiations, who asked not to be named because the talks were confidential, said this month that Newsday’s owner, the Tribune Company, seemed headed toward accepting Cablevision’s bid, which at $650 million was the highest. Mr. Murdoch, however, told investors and analysts in a conference call on Wednesday that he remained confident, counseling, “Just be patient for a couple of days.”
McClatchy slashes value of Seattle Times The McClatchy Co. continues to slash its estimated value of its investment in The Seattle Times Co., as both the local daily and the newspaper industry as a whole continue to reel from lost revenue.
Journal Register warns it could default by July Troubled Journal Register Co. warned late Friday in a regulatory filing that it probably will be in default of its loan covenant before the end of July.
Gannett offers 160 buyouts in NJ Gannett Co. Inc. on Friday said it was offering buyouts to a total of 160 workers at five of its six New Jersey newspapers, as advertising revenues decline. |
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