New York Daily News

Mondo Times editors    B

Posted at 5:03pm on Tuesday, November 17th, 2009

Two Editors Leave NY Daily News, Keith Kelly of the NY Post reported on November 13, 2009:

"The paper's executive editor, David Ng, and the deputy city editor, Marilyn Matlick, are exiting.

Sources said it was a mutual decision for Matlick, who finished up last Friday.

"She left voluntarily and on good terms," said a News spokesman.

The buzz on Ng, a veteran editor who had been at The Post and the Star Ledger in Newark, was that his contract was not being renewed. His last day is today.

Ng did not return a call seeking comment. A News spokesman said, "David Ng has chosen to leave the Daily News to pursue new challenges and we wish him well."

No replacements have yet been named.

The full story:
http://www.nypost.com/p/news/business/time_in_union_clash_vKdQI4uuc9wVbnreQj7vbO#ixzz0Wm9YE0jg

Mondo Times editors    Boulder Colorado USA

Posted at 8:25am on Tuesday, November 17th, 2009

NY Daily News Investing More Than $150 Million In New Printing Plant

The New York Times reported on November 16, 2009:

"Mortimer B. Zuckerman, owner of The Daily News, has made a statement of faith that print will still be big business for another decade or two, if not longer.

As of this month, The Daily News can print full color on every page; executives say it is the only large paper in the country with that capability.

The question is whether the investment makes business sense; the answer may never be made public because the privately held paper does not disclose its financial performance.

Mr. Zuckerman signed the deal for the equipment almost two years ago, before the drop in advertising turned into a free fall. He conceded that the paper, which had been marginally profitable for years, is at “worse than break-even.”

The full story:
http://www.nytimes.com/2009/11/17/business/media/17adco.html

Mondo Times editors    Boulder, Colorado USA

Posted at 12:48pm on Monday, August 10th, 2009

New York Daily News owner Mortimer Zuckerman is taking money out of his real estate business, Boston Properties, to invest it in his newspaper, the Wall Street Journal reported on August 1, 2009:

"Media and property mogul Mortimer Zuckerman is taking money out of real estate to invest it in his newspaper.

The Boston Properties Inc. chairman disclosed in a Securities and Exchange Commission filing this past week that he will sell one million shares in the company, reaping some $50 million. Some of that money will go toward new printing presses for Mr. Zuckerman's New York tabloid, the Daily News, Mr. Zuckerman said in an interview Friday.
[Mortimer Zuckerman]

Is the move by the well-known investor a statement on the comparative health of two troubled industries?

A Boston Properties spokeswoman pointed out that the sale represents only 9% of Mr. Zuckerman's total holdings. She said Mr. Zuckerman wants to diversify his investments and the sale doesn't represent a view that the firm's stock price is topping out.

But the move is ammunition for the investors and analysts who say the rally in real-estate stocks of the past few months has gone too far -- perhaps making a newspaper look like a better investment than Boston Properties' office buildings."

The full story:
http://online.wsj.com/article/SB124908703848298427.html

Eric Kallgren    Boulder, Colorado USA

Posted at 9:24pm on Sunday, May 10th, 2009

Mort Zuckerman has a plan to save newspapers, New York magazine reported on May 6, 2009:

"Mort Zuckerman has a solution for the faltering newspaper industry. "Bingo!" he told us. "Just make bingo legal on our websites." Bingo? we asked hesitantly, thinking for a moment that the billionaire was showing his age after all.

"Yes!" he answered. "The newspapers in England are supported almost exclusively by the profitability of running bingo games on their websites. It attracts an enormous audience. But here, you’re not allowed to do it."

The full story:
http://nymag.com/daily/intel/2009/05/mort_zuckerman.html