Buyouts, layoffs looming in New Haven

Digital First, owner of the New Haven Register, Torrington Register, etc., is again shrinking its news staff, the New Haven Independent reports.

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Englehart To Launch New Book

Another new publication from a Courant veteran.

And food!

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Schoenberger’s Book Launch Tonight

Where better for an author to hold a book launching than at the Mark Twain House and Museum.

Would that Susan Schoenberger’s second novel – The Virtues of Oxygen — be half as popular as Twain’s work.

Anyway, Susan’s shindig is tonight at 6:30 p.m.

Here’s a link to the registration page for anyone who would like to attend.

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What Is A Newspaper Worth?

The big business types continue to crunch the numbers for the upcoming Tribune Publishing spinoff. They value the whole newspaper operation at about $635 million. That’s divided among eight newspapers, two of which are huge.  No telling what part of that is The Courant, but it’s likely in the double-digit millions.

This article lays it all out for those who speak business finance and analysis.

Here’s the part of the piece that ought to be concerning to my friends on the payroll:

The report projects operating expenses to cut by $65 million this year, in part through “reduced compensation costs.” Tribune Publishing has reduced annual operating costs by $250 million since 2011, offsetting revenue declines, according to the report.

For me, the question of a paper’s value is more philosophical and harder to quantify.

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