Meet the New Boss

Posted on 02. Jul, 2009 by Peter Hauck in New News Organization

With some newspaper companies facing the very real possibility of bankruptcy, Poynter Online’s Media Business Analyst Rick Edmonds asks “So what are banks going to do with newspapers and newsrooms once they are in charge?” 

Good question. And Edmonds provides some good answers from a “specialist in bankruptcy workouts and ownership change” that he spoke with at a recent conference. Bottom line: While “change is not as abrupt as one might think” in the earlier stages of a bankruptcy, there’s nothing pretty about reorganization.