Inquirer, Daily News, Philly.com
Challenges in Philly, But Guild ‘Cautiously Optimistic’
Andrew Beaujon — June 21, 2012 — Poynter.org
In a memo to staff of the Philadelphia Inquirer, Daily News and Philly.com, returning Philadelphia Media Network Publisher Bob Hall says a report of $4 million profit didn’t take into account “items such as interest, taxes, depreciation, etc., and that the company “will probably experience another substantial loss this year.” Still, Philadelphia Guild Executive Director Bill Ross says he’s “cautiously optimistic with the new ownership group. Hall has a proven track record in running this enterprise, and our members will do everything in their power to get the Philadelphia Inquirer, Daily News and Philly.com back to the dominant sources of news and advertising in our region. The past two ownership groups decimated the operation with lay-offs and nothing but a mouthful of promises and a pocket full of lies.”
