On Wednesday, during the newspaper’s quarterly staff meeting, employees got to meet the new publisher, one Doug Franklin...
Franklin also told the assembled crowd that the AJC is currently losing about $1 million every week...
The AJC is owned by a private trust, but ultimately controlled by family scion Anne Cox Chambers, a charter member of Forbes‘ “Richest People in America.” The story goes that Cox bean-counters are afraid to suggest to the company matriarch that they want to shit-can her hometown paper, the one her daddy bought back in ‘39. But even with a reported $13 billion in assets, how long will Cox Chambers, who’s pushing 90, want to float the family newspaper in its present form?
Friday, January 16, 2009
AJC losing $1 million a week
From Creative Loafing: