There are only so many growth markets. As concentration of ownership goes forward, you'll see future acquisitions of newspaper chains go pretty much the way this one did The buyer will keep the growth markets and discard the rest.
More Quotes from John Morton:
You don't want to just give this information to every Tom, Dick and Harry. You only want to give it to people who are going to do something with it.John Morton
I used to think in the good old days, all a newspaper had to do to attract circulation was to put out a better newspaper. But young people don't seem any more inclined to read a good newspaper than a bad one.
John Morton
They're sort of like anchors at a shopping mall. They tend to draw people to the newspaper.
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
Let's just say you didn't want to make Ramon Ramos mad. Ramon had your back.
John Morton
These newspapers generally have by industry standards fairly fat news staffs, so generally the layoffs are not draconian,
John Morton
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