Dec 20, 2013

Media briefs: LA paper … killer correction … Pyne’s rate of nots …

Amid all the doom and gloom of the newspaper industry (and there is plenty about), there is something of a Christmas miracle in Los Angeles: a new newspaper has been launched. Plus other media snippets.

Newspaper battle: Los Angeles. Amid all the doom and gloom stories from the newspaper sector this year, the most astonishing occurred early this month with the news a new daily paper for Los Angeles will start in early January. It is the second paper in the LA area announced by the same company this year. With possible buyers still circling The LA Times (owned by the Tribune Co of Chicago, and with Rupert Murdoch’s News Corp the most mentioned possible buyer), news of the new paper — from Freedom Communications, owner of the nearby Orange County Register — will shake the US newspaper industry.

Last month, Freedom bought the Riverside Press-Enterprise, the biggest inland newspaper in the LA area, for $US27 million from Dallas-based A.H. Belo Corp. Freedom and Kushner will be taking on The LA Times and the Los Angeles Daily News, both of which have recorded significant slides in revenue and readership. Freedom Communications is owned by an investor group headed by businessman Aaron Kushner. Freedom says it will run a new paper but use resources from its existing papers, as well as hiring new journalists.

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