Hey, what do you think of the new look? Pretty freaky, huh? If you don’t like it, just wait; I plan to change it frequently. Unless I decide it’s a waste of time.
Now, you’re probably wondering what I think about McClatchy buying The State. I think it’s great. This is the best outcome we could have hoped for. I’ll have a little more to say about that, and particularly about the future of newspapers, in my Tuesday column.
And yes, you will have read some of it before, in the stuff I shared that I had cut out of my Friday column. But I figured most people hadn’t read that — hard as it is to believe, not everybody reads this blog — so I shared it with the uninitiated.
No one knows what the future will bring, but right now, around this place, it looks very good.
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How does it look around some of the old core Knight-Ridder newspapers which McClatchy will sell off in order to pay down its debt?
Pretty miserable, from what I hear. It just so happens that a San Jose editor who is on a year-long fellowship was visiting here when the announcement was made, and he said his colleagues back there told him everybody was devastated.
It would be easy to criticize McClatchy for this, but not very realistic. Early on, I had about counted them out because I didn’t see them as having the means to pull it off. I knew they couldn’t afford to keep the big papers with smaller profits if they went into hock enough to swallow the whole thing (which Tony Ridder had insisted upon). And yet, what if they bought the company and couldn’t sell them? What would happen then? Would they sell us, because we’re so much more marketable?
So they did something I hadn’t thought of, but which made the deal work for them: Buy the company, but make selling off those properties — simultaneously — part of the deal.
That’s lousy for all those folks at the other papers, but this was the best scenario for this paper and its readers. So it’s kind of hard for us to feel really bad or completely good.
In a way, it’s sort of like being a recipient of a heart transplant. You have a new lease on life, but at the expense of someone else’s life. Actually, it’s not as bad as that, though. Those papers aren’t dead. They just don’t know what is going to happen to them. Some might turn out fine, but others surely won’t.
Actually, we don’t know all that will happen to US, either. There are a thousand questions yet to be answered. All that has happened is that we have cause right now to be very encouraged, while folks at the other papers do not.
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