Wednesday, December 28, 2011

New York Times May Sell 16 Papers, Including the Santa Rosa Press Democrat

By Rachel Swan
Wed, Dec 28, 2011 at 10:54 AM

Evidently, the holidays weren't enough to stanch the bloodletting in journalism, as more bad news came over the transom yesterday. The New York Times announced "tentative" plans to sell sixteen regional papers — including the Santa Rosa Press Democrat — to Florida media group Halifax Holdings LLC. According to Press Dem reporter Kevin McCallum, the impetus was to slough off smaller papers so the Times can focus on strengthening its core. At present the deal isn't final, but Bay Citizen writer Aaron Glantz assured that it could mean "big, immediate changes" in the North Bay media landscape, should the sale go through. Jim Romenesko published an FAQ for NYT Regional Media Group employees on his website, along with a copy of the letter that NYT Company vice president Susan Murphy sent to announce the potential sale. We'll keep you posted as new details arise.

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