“I guess you’d have to give credit to people saying we have make a change now,” Otte said. Kennedy added Cox is “confident” the publications to be sold will continue to operate.Įd Otte, executive director of the Colorado Press Association, said the move is likely just as much a response to a worsening economy as it is pressure on the industry from non-traditional media. “This decision was made as part of an ongoing strategic review of our portfolio and enables us to maintain our strong and stable financial performance by further paying down debt,” Jim Kennedy, Chairman and Chief Executive Officer of Cox Enterprises, said in the press release. Wednesday’s announcement came two weeks after the Daily Sentinel said it was scrapping plans to build a new facility near Grand Junction Regional Airport.Īt the time, Taylor said the pullback was a reflection of tough economic conditions.Ĭox Enterprises said in a new release Wednesday it also intends to sell the Austin (Texas) American-Statesman, its affiliated operations including, and all of Cox’s remaining stand-alone community newspapers in North Carolina and Texas.Ĭox also intends to sell Valpak, the nation’s leader in cooperative direct mail advertising.Ĭox Enterprises will retain ownership of The Atlanta Journal-Constitution, The Palm Beach Post, Dayton Daily News and their affiliated publications.
0 kommentar(er)
