Warren Buffett getting out of newspaper business
Buffett is a lifelong fan of newspapers but he has said for several years that he expects most of them to continue on their declining trajectory, save for a handful of national papers.
Buffett is a lifelong fan of newspapers but he has said for several years that he expects most of them to continue on their declining trajectory, save for a handful of national papers.
The entire men’s basketball team and coaching staff died on Dec. 13, 1977, after the plane carrying them crashed on takeoff. It was a seminal moment for the city and the University of Evansville.
Designated as a legacy project of the Indianapolis Bicentennial Commission, the new “Encyclopedia of Indianapolis” is being developed by the Polis Center at IUPUI in collaboration with several major cultural and heritage institutions.
In August, GateHouse Media, a chain backed by an investment firm, announced it was buying Virginia-based USA Today and Gannett Co., which owned The Indianapolis Star, for $12.06 a share in cash and stock, or $1.4 billion. The deal closed in November.
A catalog-industry rebound appears in the works, fueled in part by what might seem an unlikely group: younger shoppers who find it’s sometimes easier, more satisfying and even nostalgic, flipping pages rather than clicking links.
The strips span from the launch of “Garfield” in 1978 to 2011, when Indiana-based cartoonist Jim Davis began drawing the strip digitally.
New York-based Macmillan Publishers on Nov. 1 began limiting libraries to one license of each new e-book title for the first two months after publication. That’s created even longer waiting lists of e-books at public libraries.
Brian Howey, the longtime publisher of newsletters and a web site dedicated to politics in Indiana, is being treated in St. Vincent Hospital’s intensive care unit after surgery for a head injury.
Executives of the combined company, which will keep the Gannett name, acknowledged there will be layoffs—the company has committed to cutting $300 million in annual costs.
The country’s leading newspaper union issued a scathing analysis of the proposed Gannett-GateHouse merger Friday, saying the deal would drive down wages and employment for journalists at hundreds of newspapers. The merger will affect a dozen newspapers in Indiana.
When professor Ryan Rogers began teaching Butler University’s first class entirely on esports in the spring of 2018, he looked high and low for books and course materials on the subject. When he didn’t find much, he decided to create his own book.
Two of the country’s largest newspaper companies have agreed to combine in the latest media deal driven by the industry’s struggles with a decline in printed newspaper sales.
The level of attrition is the highest since 2009, when the industry saw 7,914 job cuts in the first five months of that year in the wake of the financial crisis.
IBJ took top honors from the Alliance of Area Business publications for best coverage of local breaking news, best local coverage of national news, and best specialty e-newsletter.
The vote, completed at Gannett’s annual meeting, amounted to a rejection—possibly the final one—of Alden’s attempt to acquire Gannett through a hostile takeover launched in January by its Media News Group unit.
In a story at the top of the final issue, the paper said it closed “the shopper due to challenging market conditions.” The paper was delivered free by carriers to 15,000 readers on Wednesdays and Saturdays.
The bank will use the three-story building that fronts Monument Circle for lending offices and a branch location. The magazine’s staff plans to move into the adjacent headquarters for Emmis Communications.
The Indianapolis-based Society of Professional Journalists is looking for a new executive director after the departure of Alison Bethel McKenzie.
Reporter John Russell won four awards, while the newspaper’s art team swept the Page 1 design category, at the Best in Indiana competition hosted by the Indiana Professional Chapter of the Society of Professional Journalists.
Varvel will contribute a cartoon twice a month to IBJ’s op-ed pages. He joins Shane Johnson, who has been an IBJ editorial cartoonist for seven years and will continue as a regular cartoonist for the publication.