Peter Krasilovsky's

Local Onliner

Jul 2
2008

Bain Readies Plan for Restructure of Key Newspaper Cos

Media News Group, Hearst Newspapers and Freedom Communications have retained Bain Consulting to help realign their cost structures, says MNG Chair Dean Singleton, who was speaking at a World Association of Newspapers meeting in Sweden on June 2.

“We asked Bain to answer the question: If we started the business today, know what we know today, what would our infrastructure look like?”

Singleton noted that by his count, “as many as 19 of top 50 metro papers losing money today. That number will continue to grow,” he said. “We expect a plan by the end of summer and we expect our business to look a lot different next year.” Evidently, parts of the findings are already being trickled down to organizational leaders.

Categories: Newspapers, Sales Channels

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