Monday, July 7, 2014
All The News Fit To Omit. The Oregonian Another Dying Tabloid To Celebrate It's Coming Obiturary.
Fun Facts About the Oregonian Newspaper: Not About the Lost Art of Investigative Reporting Lex Loeb, Yahoo Contributor Network . The Newspaper Business is not what it used to be. Newspapers have recently lost their edge due to online content, craigslist and a variety of competing forces including lower advertising revenues. Newspapers became huge cash cow profit centers when Cities across the country began to loose competing newspapers in cut throat competition between rivals that left a single major monopoly paper in many large towns and cities. S I Newhouse was an early pioneer in creating a national chain of monopolistic papers. The Oregonian is one of many. Today the Newhouse family fortune , is estimated at 20 to 30 billion dollars. It includes a large number of familiar publications, cable television interests, magazine publishing, real estate and more and more. The company is private and does not report to public shareholders so My estimates of 20 to 30 billion may be higher than it really is. Only the Newhouse heirs know for sure what their net worth is exactly if anyone does. Newhouse assets seem to be higher than those of more recent upstart Rupert Murdock and his family empire. News corp is the Murdock corporation and it is a public corporation so it is possible to have a more precise estimate of their net worth than the Newhouse family. The best way to find the latest figures is to look up the Forbes 400 richest people in America article and see their estimates and better to wait for the 2009 issue that will be more up to date than 2008 numbers. S. I newhous was a pioneer in the Newpspaer Chain business.