Feeds:
Posts
Comments

Posts Tagged ‘Dean Singleton’

Digital First Media logoAnything I have to say about Digital First Media today is speculation or observation but I will speculate and observe.

(I’ll explain in some detail at the end of this post what I used to know about DFM operations and strategy, and what I don’t know now.)

A tough sell

My first observation: Selling this scattered company and its diverse properties has probably been much more difficult than anyone thought last year when executives decided to pursue a sale. My first knowledge of plans to sell the company was that they would likely sell it in pieces. I think the difficulty of that job led to an effort to sell it in one piece, as Ken Doctor reported last year. That led to a pending $400 million purchase by Apollo Global Management. Ken’s speculation – more informed than mine, but probably not coming from DFM sources – is that the deal fell through over price.

I think DFM CEO John Paton, Chief Operating Officer Steve Rossi (who will become CEO take over the company’s reins in July) and whoever is making decisions for Alden Global Capital, the hedge fund that owns DFM, have decided that some individual parts of the company will attract higher value separately. I think they’ve decided the higher values of some individual pieces will be worth the trouble of operating and eventually selling or shutting down the properties that would be more difficult to sell, or possibly operating a reduced company after selling the most attractive parts.
(more…)

Advertisements

Read Full Post »

The Associated Press is giving me an uneasy feeling again.

I want to read the full AP “Plan for Reclaiming Content Online” for myself before I draw firm conclusions. I first read of it at the Eastern Iowa Airport this afternoon on the Nieman Journalism Lab blog entry by Zach Seward. Zach acknowledges that he’s just starting to analyze the seven-page briefing, which was sent to members. He will post further blog entries on the plan and eventually will post the full plan.

I’m writing this post from Denver International Airport. If I were at work, I would inquire of colleagues and try to get a copy of it and read and react more knowledgeably. I will do that, but I want to react quickly to what Zach has reported. The report drew a swift and mostly critical response on Twitter and I want to contribute to that immediate conversation in more than tweets, though I certainly did that. The problem with commenting quickly is that I have to write this long caveat that I don’t fully know what I’m writing about yet. If any of these impressions change on full examination, I will note them.

Let’s start with a positive statement: From what I can see, this plan reflects more understanding of the digital world than earlier AP statements. Dean Singleton’s blustery warning last spring that AP would seek legal and legislative remedies for “misappropriation” of members’ stories showed a complete lack of insight about the link economy. The more recent plan to protect AP content by use of a digital “wrapper” fell flat as AP’s own explanations of its intent and use conflicted. (more…)

Read Full Post »