The country’s largest newspaper chain, Postmedia Network Canada Corp., is merging once-competing newsrooms and cutting about 90 staff as it tries to cope with declining revenue and a heavy debt load.
In Vancouver, Calgary, Edmonton and Ottawa – cities where Postmedia owns two daily papers – editorial staff will be joined together to work under one senior editor, filing stories and images to both publications. But the company is not closing any newspapers, promising to continue publishing two in each city, albeit with less distinctive content and fewer rival reporters working local beats.
Last April, as Postmedia closed a deal to buy 175 newspapers and digital publications from Quebecor Inc., executives from the company were promising that the newly acquired Calgary Sun, Edmonton Sun and Ottawa Sun would remain competitors with the Calgary Herald, Edmonton Journal and Ottawa Citizen. The consolidation of written media that resulted was unprecedented for Canada, but Postmedia stressed that newsrooms would stay separate, pointing to its existing control of both the Vancouver Province and Vancouver Sun.
Tuesday’s partial about-face is the latest fallout from a dismal financial stretch for Postmedia, which has suffered from steep revenue declines driven by falling demand for print advertising at the same time that it has struggled to bear the weight of more than $670-million in debt. The company has responded by relentlessly cutting costs in the past few years, recently increasing its $50-million savings target to $80-million by mid-2017.
“This is an enormous concentration of media control into a few hands,” said Jerry Dias, national president of Unifor, which represents about a dozen employees who were let go. “Centralized news-gathering and opinions, including in local news, do not add to the national debate that helps build a functioning democracy.”
To read the full story visit the Toronto Globe and Mail where it was originally published
Jason Barrett is the owner and operator of Barrett Sports Media. Prior to launching BSM he served as a sports radio programmer, launching brands such as 95.7 The Game in San Francisco and 101 ESPN in St. Louis. He has also produced national shows for ESPN Radio including GameNight and the Dan Patrick Show. You can find him on Twitter @SportsRadioPD or reach him by email at JBarrett@sportsradiopd.com.
Netflix CEO: ‘We’re Not Anti-Sports, We’re Just Pro-Profit’
“He characterized expensive media rights as a “loss leader” in the streaming world and noted that Netflix doesn’t view sports as a necessity to grow.”
Netflix will not join Apple and Amazon in the rush to gobble up live sports rights. Co-CEO Ted Sarandos addressed the streaming giant’s disinterest at the UBS Global Technology, Media & Telecom Conference on Wednesday.
He characterized expensive media rights as a “loss leader” in the streaming world and noted that Netflix doesn’t view sports as a necessity to grow.
“We’re not anti-sports,” Sarandos said according to Deadline. “We’re just pro-profit. We have yet to figure out how to do it. But I’m very confident we can get twice as big as we are without sports.”
Questions about the interest the company has in carrying live sports have come up several times in the past. Sarandon made similar comments last year when asked about it.
Reed Hastings, Sarandos’s co-CEO at Netflix, has a slightly different view. In 2021, he indicated that Netflix could be interested in F1 rights someday thanks to the success of its documentary series Drive to Survive, but that would be a special case. Any league interested in doing business with Netflix, he said, would have to allow Netflix to control all of its content.
Ted Sarandos echoed that sentiment in his most recent comments. He said that the company does not see a way to profit by “renting big-league sports.”
FOX Sued for Patent Infringement Over NFL Scheduling
“Recentive Analytics filed suit against FOX in a Delaware federal court on November 29 according to Yahoo Sports.”
An analytics company is suing FOX over claims that the network developed a mapping tool using their patented technology to create a season slate of NFL games.
Recentive Analytics filed suit against FOX in a Delaware federal court on November 29 according to Yahoo Sports.
The lawsuit claims FOX used access to Recentive’s predictive analytics tools to develop a resource of their own that would create optimal schedules for its 1 and 4 p.m. NFLwindows.
The company is seeking a declaration that FOX infringed on two of its patents. Recentive is also suing for damages and wants an injunction keeping FOX from using Recentive tech and preventing the network from “selling, offering for sale, marketing or using any internal network and mapping analytics tool for the scheduling and regionalization of events covered by the patents.”
Jordan Bondurant is a features reporter for Barrett Sports Media. He works full-time as a multimedia specialist at the Virginia State Corporation Commission, while also putting in part-time work for News Radio WRVA and 910 The Fan in Richmond. Additionally, you can find Jordan contributing coverage of the Washington Capitals for the blog NoVa Caps. His prior media experiences include working for the Richmond Times-Dispatch, the Danville Register & Bee, Virginia Lawyers Weekly and ABC 8News. He can be reached by email at firstname.lastname@example.org or follow him on Twitter @J__Bondurant.
FOX Will Use Chris Fallica On Belmont Stakes Coverage
“While the Preakness and the Kentucky Derby remain at NBC, The Belmont Stakes is moving to FOX as part of the network’s deal with the New York Racing Association.”
The Bear will be more than just a college football presence when he moves to FOX. Chris Fallica wrapped his final duties for ESPN last week and is now headed to a new network and will tackle some new responsibilities.
Fallica’s new role at FOX will involve plenty of sports gambling content. Richard Deitsch of The Athletic reports that content will include horse racing.
“One Fox Sports source said look for him to appear on the Belmont Stakes coverage,” Deitsch wrote in his weekly media column.
Starting in 2023, horse racing’s Triple Crown will not be seen all in one place. While the Preakness and the Kentucky Derby remain at NBC, The Belmont Stakes is moving to FOX as part of the network’s deal with the New York Racing Association.
How the network intends to use Chris Fallica on the broadcast is not clear. Given that he is coming to the network to contribute to gambling conversations, it is likely he would either be making picks or at least reviewing odds right up to the start of the race.