NEWARK – Owners of the Star-Ledger plan to close New Jersey’s largest newspaper by year’s end if production unions don’t make concessions in contract negotiations, the publisher said Wednesday.
In a letter to staff, publisher Richard Vezza said the company felt “pushed into a corner” by the unions, whose contracts expire in July. Vezza said they have until Sept. 27 to make compromises or else the paper will shut down.
“This is not a threat. This is reality,” Vezza said in an interview.
The paper’s website, www.nj.com, is owned by a separate company and will continue to publish “no matter what happens with the Ledger,” Vezza said.
The Reading Eagle was named the top newspaper of its size in the state, and the newsroom won 20 awards in the Pennsylvania News Media Association’s annual Keystone Press Awards for work published in 2012.
The Eagle was the sweepstakes winner in Division 2, which is for daily newspapers with circulation between 40,000 and 74,999. Each newspaper is awarded sweepstakes points based on the number of awards its staffers won in the contest.
The awards will be presented during a program May 18 in Harrisburg.
Ten of the Eagle’s awards were for first place. Winners were reporters Dave Mekeel, Jamie Klein and Bruce Posten; sportswriter Mike Drago, Assistant Photo Editor Ben Hasty; graphic designers Tad Ronnie and Craig Schaffer, Assistant Metro Editor Bill Reber and the staff of Voices, which is edited by Stacie Jones.
President Barack Obama and Warren Buffett in the Oval Office, July 14, 2010. (Photo credit: Wikipedia)
Tribune Co.’s imminent emergence from an epic bankruptcy has fueled a flurry of speculation about the future of one of the country’s largest diversified news media empires.
Weighing in on the matter Thursday was one of the world’s richest men, Warren Buffett. The Oracle of Omaha, as he is known for his legendary financial prowess, expressed interest in one of Tribune”s newspapers. Which one?
“We expect the auction and sale process to take about 90 days, and we are pleased to announce the company has a signed stalking horse bid for Journal Register Company from 21st CMH Acquisition Co., an affiliate of funds managed by Alden Global Capital LLC,” said John Paton, CEO of Digital First Media.
I think the Mercury needs to be more careful with the Sound Off comments they print. Many of these comments are highly inappropriate and are very negative against Pottstown. Many are based on stereotypes and generalities.
Freedom of speech is one thing but many of these comments are hate speech. Who monitors these comments? More editorial discretion needs to be applied. Every utterance does not need to be given credence and printed.
There are more creative ways to increase newspaper sales than printing hateful comments from anonymous people.