Central Newspapers to close its afternoon Phoenix Gazette and to realign its morning Arizona Republic.INDIANAPOLIS--(BUSINESS WIRE)--Jan. 13, 1997--Central Newspapers, Inc. announced that it will close its Phoenix afternoon newspaper, The Phoenix Gazette The Phoenix Gazette was a newspaper published in Phoenix, Arizona, USA. It was founded in 1881, and was known in its early years as the Phoenix Evening Gazette. It was purchased by the owners of its rival Arizona Republic around 1930. , effective January 18, 1997 and realign re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. the news gathering structure at its morning Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). Republic. As a result of these planned actions Central Newspapers expects to take a one-time charge of $4.2 to $4.8 million in the first quarter of 1997. Excluding the special charge, the company expects that its pre-tax earnings will have a benefit of close to $5 million in 1997 and an ongoing annual pre-tax benefit of approximately $6.4 million. The Arizona Republic, with a circulation of 389,000 daily and 553,000 Sunday Sunday: see Sabbath; week. , is one of the fastest growing newspapers in the country while the Phoenix Gazette has seen a steady dwindling dwin·dle v. dwin·dled, dwin·dling, dwin·dles v.intr. To become gradually less until little remains. v.tr. To cause to dwindle. See Synonyms at decrease. of its circulation to a current level of 38,000. The Arizona Republic plans to simplify the newsroom management structure by eliminating two levels of management and will introduce the "team concept" to the newsroom. It also plans to expand local news coverage, raise performance standards for journalists, use new pagination (1) Page numbering. (2) Laying out printed pages, which includes setting up and printing columns, rules and borders. Although pagination is used synonymously with page makeup, the term often refers to the printing of long manuscripts rather than ads and brochures. and text-handling technology and prepare new editorial products and sections. About 85 positions will be eliminated in the news and circulation operations. "After an extensive evaluation of the Phoenix and Arizona markets the Phoenix management team concluded that the overall market they cover would be better served by one newspaper," said Louis A. Weil III, president and chief executive officer of Central Newspapers. "The closing of The Phoenix Gazette acknowledges that more people want to read newspapers in the morning than in the evening. The morning Arizona Republic has shown excellent circulation growth in the ever-expanding Phoenix market. "The closing of the afternoon newspaper should be considered as one part of a larger shift in our Phoenix resources in order to gather news better, present it better and provide a better service to our readers. We will be able to concentrate our resources and energy on continuing the growth of the morning and Sunday Republic," Mr. Weil said. Central Newspapers is a media company that publishes daily, Sunday and weekly newspapers including the Arizona Republic and The Phoenix Gazette; The Indianapolis Star, The Indianapolis News The Indianapolis News was an evening newspaper published for 130 years, beginning December 7, 1869, and ending publication on October 1, 1999. At one time it had the largest circulation in the state of Indiana, and was the oldest Indianapolis newspaper in existence. , Muncie Star Press, as well as smaller community papers in Indiana Indiana, state, United States Indiana, midwestern state in the N central United States. It is bordered by Lake Michigan and the state of Michigan (N), Ohio (E), Kentucky, across the Ohio R. (S), and Illinois (W). , and the Alexandria Daily Town Talk in Louisiana. It is the 11th largest publicly traded U.S. newspaper company in terms of circulation. CONTACT: ARTHUR SCHMIDT & ASSOCIATES, INC. (212) 953-5555 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion