Mickadeit: Thanks for Register’s reawakening

Source: ocregister.com

By FRANK MICKADEIT COLUMNIST / THE ORANGE COUNTY REGISTER

This is the Thanksgiving column I never thought I’d write.

You’ve seen what’s happened to newspapers. As we’ve struggled for relevancy in the digital age with one hand and fought off the recession with the other, we became something less. At the Register, our Web presence grew and we got the most-important news to you faster – great progress. But overall we couldn’t do as much as we once did.

We went from about 385 journalists in 2002 to about 185. There was round after round of painful staff cuts, some voluntary, some not. I stopped going to staff meetings because I knew there was nothing more our editor could say. You saw our newspaper physically shrink. The Business section, for example, was folded into the News section. We lost richness and breadth.

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Postmedia first to test new rules on pensions

Source: theglobeandmail.com

Postmedia Network Inc. is asking current and former employees to help the embattled newspaper publisher save some millions of dollars a year by extending the amount of time the company has to top up their pension fund.

The company – which publishes such metropolitan titles such as the National Post, Ottawa Citizen and Calgary Herald – is taking advantage of rules that were quietly implemented Nov. 1 in Ontario that allow companies incorporated in the province to fully fund their pension shortfalls in 10 years rather than five.

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How journalists made sure the truth spread as far as the lie in Elmo accusation coverage

Source: poynter.org

An accusation is often more newsworthy than the recantation. So should a news organization make an effort to ensure the new information is given the same prominence as the original?

It’s a question that arose this week after the unnamed man who leveled underage sex allegations against Kevin Clash, the voice and puppeteer of Elmo on “Sesame Street,” recanted his allegations. TMZ first broke news of the allegations, and it spread quickly.

Click the link to read the entire story @poynter.org

TEXT-S&P cuts Black Press corporate credit rating to ‘B-‘

Source: reuters.com

Tue Nov 6, 2012 3:25pm EST

 Overview

— We are lowering our long-term corporate credit rating on Victoria, B.C.-based Black Press Ltd. to ‘B-‘ from ‘B’ based on our view of the company’s ongoing organic revenue and profit declines, as well as refinancing risk.
— At the same time, we are revising our recovery rating on the company’s senior secured bank debt to ‘1’ from ‘2’, while affirming our ‘B+’ issue-level rating on the debt, reflecting our view of improved recovery prospects given Black Press’ continued repayment of the debt.
— The negative outlook reflects our expectation that we could lower the ratings in the near term if the company fails to address its refinancing risk.

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