The notion of spinning off print newspapers from broadcast and digital seems to have caught the interest of other media conglomerates -, particularly those with poorly performing print operations. Over the last few weeks more splits were announced. The Tribune Company split off most of its newspapers into a separate company (along with $350 million in debt). E.W. Scripps Co. announced a merger with Journal Communications, and then quickly followed that by spinning off the combined print newspaper assets into a separate company. And most recently, Gannett announced it would spin off its broadcast and digital operations from its struggling print newspapers next year.
“I’m very skeptical that in the long term you are going to have a hard copy daily newspaper in each market,” Mr. Huber, an analyst with Huber Research Partners, said.Sources - Print is Down, and Now Out, New York Times
Gannett, Owner of USA Today, to Split Its Print and Broadcast Businesses, New York Times
Now Scripps Is Splitting, Too, The Wall Street Journal