An early victim would be the Philadelphia Daily News, no matter who acquires the company. It's much more profitable to publish one newspaper than two in the same market. It's a kind of miracle Knight Ridder kept it going this long.
More Quotes from John Morton:
It's an attractive market, which is why there are so many people fighting for market share over there. The Washington Post is never going to get down to the chicken-dinner coverage of these communities, and some of these community newspapers come close to that.John Morton
There are very few places where this occurs any longer, because there are very few places that have competitive newspapers.
John Morton
You need to know what's for sale and what isn't. Allowing ads and editorial content to get blurred, however you do it, is in the long run inimical to a newspaper's reputation - and probably to its business.
John Morton
The news staffs of the newspapers affected have all been pretty fat by industry standards, ... The cuts don't leave these newspapers in what I would call a weakened condition.
John Morton
You don't want to just give this information to every Tom, Dick and Harry. You only want to give it to people who are going to do something with it.
John Morton
A head-to-head between tabloids is as New York as cheesecake. Fortunately we have two owners who are willing to sink their money into it. It would be a terrible thing if it went away, and as a newspaper lover, I hope they just keep doing it.
John Morton
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