May 17, 2008

Thoughts on the News Chief Sale

Posted by Josh Hallett on March 4, 2008 at 12:21 PM

When Bob posted his little hint about something going on in the local newspaper market, my thoughts were:

1. The News Chief is shutting down.
2. Somebody was going to buy them.

Truth be told, I figured option #1 was going to happen a long time ago. I thought when Wayne Ezell left and they didn't announce a full-time replacement that the writing was on the wall. I thought that since Wayne had been at the helm so long, they (being Morris) didn't want to shutter the paper while he was there. Better to let him move-on to Jacksonville, then let the paper die a few months later. People could always say, "See....once Wayne left, the paper was never the same."

Truth is the paper has never been much of anything for a while. That leads to option #2

If somebody was going to buy them, at first for me, the two choices were another outside group (as in outside of Florida) or either the Orlando Sentinel or the Tampa Tribune. Buying the News Chief would give them a beachhead into the Polk market. But of course what would they be buying? A dismal circulation and poor facilities? In the long run it would be cheaper to compete them to death, then buy them.

Enter The Ledger. As we now know, the Ledger is the buyer and they've indicated some of their plans. Here are some random thoughts:

- Nelson Kirkland is the man for the job. I've worked with Nelson on projects and chamber dealings (both Lakeland and Winter Haven) for a number of years. He's direct when it comes to business. Some people don't like that, but it's what gets the job done. He's also very connected (and concerned) about this community, something none of the previous two News Chief publishers were.

- Was it a mercy buy? Did they really need to buy them? Terms are not public, but could you spend the same amount of money improving the features/services
and just crush the News Chief? Or was it easier and cheaper just to buy them?

- With the end of the East Polk edition will Lakeland finally get their paper back? By this I mean will the Ledger become a Lakeland-focussed paper and the New Chief the Winter Haven/East Polk paper? Will this mean less Winter Haven news in the Ledger? It will be interesting to see how the content shifts in the coming months.

- The Ledger indicated that they intend to keep the News Chief masthead. Sounds good now, and makes everybody feel good about the purchase. But what about one year from now, will it still make sense for The Ledger to dilute their brand across the county with competition from the Sentinel and Tribune on opposite sides? The Ledger didn't acquire the facilities, just the titles/mastheads and some staff. Shutting down the 'paper' a year from now won't require much effort, compared to selling a building/presses/equipment, etc.

- I know many advertising folks were scared about a Ledger purchase of the News Chief since it would impact print ad rates once competition was gone. The Ledger indicates that the rates will remain the same for now. But, like the point above, let's see what happens one year from now.

- Is there a place for an afternoon paper? Thinking about the logistics....the News Chief will be printed by the Ledger at their main facility in Lakeland. How does this
impact the production of the Ledger. A few options:

1. The News Chief is printed first and thus has an earlier deadline. This would actually be status quo, since PolkOnline is usually updated around 11pm with tomorrow's stories.
2. The News Chief is printed after the Ledger and thus we have a tight delivery schedule.
3. The News Chief goes back to an afternoon paper. Think about that, it might be interesting.

- I can't wait to see better reporting in the paper. That's one thing the Ledger will bring to the News Chief.

- I'll have to ask Barry what the plans for PolkOnline are. I have some ideas, but I gave up working with newspapers last year. Barry lunch sometime soon?

Anyway, the next few months should be interesting.

Disclosures: In the past two years I have done paid consulting work for The Ledger and the Orlando Sentinel. Many years ago with a previous company I also did work for the News Chief. As far as the Tampa Tribune is concerned....I know Billy :-)

Comments

This is an interesting turn of events. I hate to see the competition eliminated. The Sentinel has pulled out of Polk County. Billy is the lone reporter in Polk for the Tribune. The Polk County Democrat is no competition. I think competition keeps reporters on their toes- makes them continue to be on the lookout for fear of being scooped. I know the competition wasn't fierce, but any is better than none at all, in my opinion.

Lunch sounds good. What time zone are you in? I had lunch in Your Fair City this afternoon between meetings...

The Sentinel is useless, anyway--what little they did in Polk never had an impact. I've always read The Ledger if I wanted to know what was going on around Polk, and they do publish a once a week paper called The Reporter for my northeast unincorporated area. Perhaps their plan is to make The News Chief a more expanded version of that? We sure could use it.

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