Home>Highlight>Star-Ledger owner sells their New Orleans newspaper, website

Star-Ledger owner sells their New Orleans newspaper, website

All 161 employees receive layoff notices

By David Wildstein, May 06 2019 2:34 pm

The company that owns The Star-Ledger and NJ.com have sold one of the crown jewels of their print media portfolio and the new owners have canned all 161 employees, according to a post on the Columbia Journalism Review website.

Advance Local CEO Randy Sigel described the sale of the Times-Picayune, a 182-year-old daily newspaper, as a “one-off,” but the move calls attention to the precarious position of the print media.

“Could this happen to the Staten Island Advance, Jersey Journal or Star-Ledger? The New York Post quoted a source as asking.

The Star-Ledger’s daily paid circulation has dropped from about 430,000 in 2012 to about 170,000 in 2017.  Daily paid circulation of the Times-Picayune fell from about 257,000 in 2005 – just before New Orleans was flooded during Hurricane Katrina – to around 84,000.

The terms of the private transaction were not made public.

The announcement of the sale of the New Orleans newspaper, as well as their NOLA.com website, comes as some Jersey Journal reporters and editors begin a quest to unionize.

Shareholders of Gannett, which owns eight daily newspapers in New Jersey, are set to vote next week on a hostile takeover bid that could imperil the careers of even more local reporters.

Spread the news:
Filter by
Post Page
Articles Media Highlight Governor
Sort by

Bergen Record scoops Star-Ledger

Shake Shack: Dan Sforza 1, Kevin Whitmer 0
February 7, 2019 9:01 pm


Star-Ledger moves to partial paywall

Source: Charging for content was ‘in the works before COVID-19’
June 20, 2020 7:10 pm


Star-Ledger announces shift away from local news, acknowledges editorials ‘lean left’

Whitmer will limit reporters opinions, attacks Murphy for not meeting with them
May 28, 2020 11:39 am


Leave a Reply

Your email address will not be published. Required fields are marked *