Suburban newspapers continue to profit as local news coverage continues to suffer

By

Digital First Media, owner of The Times Herald, an iconic landmark in Norristown, Montgomery County, for more than 80 years at the location above, and the 12th oldest newspaper in the country, est. in 1799, earned $160 million in profits on $939 million in revenue in 2017, according to the NiemanLab at Harvard. (MONTCO.Today file photo)

Digital First Media operates six daily newspapers in the Philadelphia suburbs, including The Mercury in Pottstown, The Times Herald in Norristown, The Reporter in Lansdale, The Daily Local News in West Chester, The Trentonian in Trenton, New Jersey and the Delaware County Daily Times in Delaware County.

The newsrooms have continued to shrink in size, but according to this report on philly.com, the profits sent to the owners of the newspapers have not.

[uam_ad id=”54865″]


For more than a year, rain poured through a ghastly hole in the Pottstown Mercury’s roof, staining walls and damaging desks on the third floor. It smelled. Mercury employees fled to the lower floors, writes Bob Fernandez for philly.com. 

 Then one night in late April, sports editor Austin Hertzog at the Digital First Media-owned Mercury whiffed the pungent mildew odor invading the second-floor newsroom. He wheeled around and walked out.

“Dayside people, you may want to make other accommodations for working Monday [and beyond?],” he wrote in an email later circulated to newsroom employees, calling the odor “aggressive.”

 Newspaper jobs have never been lucrative. Now they can be hazardous.
And despite the vicious cutbacks, Digital First earned $160 million in profits on $939 million in revenue in 2017, according to the NiemanLab at Harvard. The Philadelphia-area papers, a major hub for Digital First, contributed $61 million in revenue and $18 million in profits, and led the company in profit margin, with a surprising 30 percent. The piece was headlined: “Alden Global Capital is making so much money wrecking local journalism that it might not want to stop anytime soon.”
[gap]
To read the complete story click here. 
[uam_ad id=”61456″]

Stay Connected, Stay Informed

Subscribe for great stories in your community!

"*" indicates required fields

This field is hidden when viewing the form
MT Yes
Advertisement