As an afternoon paper, it wasn't a question of if (the News would close down), it was a question of when.
More Quotes from John Morton:
He has most of the dailies that now surround San Francisco proper and this only enlarges his presence in the area. With the California properties, Singleton has more of a motive than other folks to pay a higher price because it would enhance what he already owns.John Morton
This is quite a dramatic change from what the history of the company has been in terms of whom the board has chosen to lead it.
John Morton
The history of trying to start a daily where there already is one is that it has never worked.
John Morton
The news staffs of the newspapers affected have all been pretty fat by industry standards, ... The cuts don't leave these newspapers in what I would call a weakened condition.
John Morton
An early victim would be the Philadelphia Daily News, no matter who acquires the company. It's much more profitable to publish one newspaper than two in the same market. It's a kind of miracle Knight Ridder kept it going this long.
John Morton
When Tribune acquired Times Mirror they acquired papers with much lower operating profits than Tribune papers have traditionally thrown off. The L.A. Times has a larger staff than is typical for that size of paper. They've been trying to address that without appearing to be a slash-and-burn company.
John Morton
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I hope to die in the saddle seat.
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