Wall street reacted violently to the proposed merger details of New Media Investment Group (Gatehouse Chain) and Gannett. Stocks in both companies were punished, with investors feeling New Media Investment stockholders were getting the short end of the stick.
Whether the merger finally goes through, it will mean far fewer jobs with both companies either
way. Consolidation continues in press rooms, with several newspapers in Florida no longer printing
their own newspapers—Jacksonville, Daytona Beach, Tallahassee and others. It's getting to be a graveyard.
Don't blame the newspaper companies themselves—how many of us use Craigslist and other on-line sites that have helped to destroy traditional newspapers?