Private Equity Firms Should Think Hard About Investing In Newspapers
More layoffs are coming to the San Francisco Chronicle, the union told employees last night -- details to follow. That means people who have endured four months of staff departures and goodbye parties from the current round of layoffs -- which finish this month -- will once again be coming to work every day not knowing whether they have a job. Private equity firms like Platinum that are investing in struggling newspapers should think hard about how to handle the human side of these businesses, which is as big a barrier to newspapers' economic health as the falling subscriptions and may in fact play a big part in causing readers to turn away.
25 August 2009•2 mins read
