Worth a lot less now thanks to his mismanagement.
1 Like
One wonders whether Catalano’s original plan to merge SCA with ACM was just a way of making both companies more attractive for Nine to acquire? Interesting that the above article lists The Newcastle Herald as part of the proposed sale given Nine already own NBN.
1 Like
This feels like the beginning of a move to really start to dismantle the empire - Covid allowed them to wind back some of the marginal mastheads, and selling what are arguably the three most valuable mastheads they have doesn’t bode well for the future of the rest.
2 Likes
2 Likes
That the Graun and Media Watch are given different versions of events is a facinating detail.
2 Likes
James Raptis has resigned as in-house counsel of ACM.
2 Likes
The Guardian Australia’s Tory Shepherd wrote in the Weekly Beast column today that ACM would close the 3-year-old Lismore City News at the end of July.
The managing director of Australian Community Media, Tony Kendall, cited factors including rising costs, a lack of government support for regional newspapers, and Meta’s decision not to renew agreements to pay for news.
Kendall said closing the Lismore City News was hard.
“This is a very difficult decision to have to make given how proud we are of everyone’s efforts to make this publication work since its launch in November 2021, especially in the aftermath of the floods that devastated the region barely three months later.”
2 Likes
From late August, the Central Western Daily in Orange, the Daily Liberal in Dubbo, and Bathurst’s Western Advocate will no longer offer print editions Monday through Friday.
Digital subscribers will receive more comprehensive daily local news, sport news, and breaking news alerts across the platforms on weekdays, while weekends will feature an expanded print edition to better serve the local communities.
The expanded weekend print edition will begin on August 24, while weekday print editions will cease on August 26.
UPDATE 19/7
The smaller weekly titles Oberon Review and Blayney Chronicle will cease publishing in print. The Mudgee Guardian will move its publication day from Friday to Saturday.
Consultation has commenced with affected ACM staff about the new leadership and team structures and roles. The company revealed redundancies can be expected in editorial and sales teams if redeployment opportunities cannot be identified.
Weekday print editions will continue at 11 ACM titles serving larger regional communities.
The Western Advocate’s origins in Bathurst, Australia’s oldest inland settlement, date back to 1848. The Daily Liberal began in Dubbo in 1874. The Central Western Daily has been serving Orange and surrounds since 1945.
The three newspapers are printed at Tamworth every night and then trucked into their respective markets.
2 Likes