Companies

Aug 7, 2013

As family ties break, will the rich save our newspapers?

The family is getting out of newspapers in the United States, leaving rich philanthropists to redefine what big-city newspapers are. So what will the media charitable causes in Australia do?

Eric Beecher — Chairman of Private Media (publisher of <em>Crikey</em>)

Eric Beecher

Chairman of Private Media (publisher of Crikey)

Washington Post

Over the past few days, the two grandest families of American media have redefined the status of the storied big-city newspaper.

2 comments

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2 thoughts on “As family ties break, will the rich save our newspapers?

  1. Peter Evans

    Surprised you let Beecher’s howler about The Guardian’s (and Observer’)s ownership make it to press. They haven’t been managed by a charitable trust since 2008. The Guardian Media Group’s Newspaper Division is, in fact, losing money fast and there’s plenty of doubt that it will survive.

  2. ric lagasca

    I wonder if Mr Beecher has noticed that the internet has changed the basis of things somewhat? Everyone else has. So it is foolish to pray for a magnate or (perhaps) a sluice of tax money. We don’t want or need an editorial zoo or botanical garden. Also, I doubt that many yearn for the days when WR Hearst started (small) wars, or Sir Warwick Fairfax imposed Anglicanism on Sydney. Hopefully Mr Bezos will show people that quality reading can be a business in this new environment. (I fear that Mr Beecher is advertising for someone to give him a large bucket of cash to splash around, when there are in fact enough rear window dolts around doing that at Fairfax.)
    Let’s get behind the people who hopefully turn up the enquiring, intelligent, rigorous news product.

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