Record #:

7282

Author(s):

Gray, Tim

Abstract:

In January, 2005, the sale of the 50,000-circulation Durham daily, The Herald-Sun, to the Paxton Media Group of Paducah, KY was completed. Paxton owns twenty-eight other newspapers around the nation with an average circulation of 30,000. On the day the sale was completed, Paxton Media fired and escorted to the parking lot members of the Herlad-Sun's staff, starting with the paper's publisher and president. Approximately eighty positions were eliminated. Gray discusses the takeover; the emphasis given to the firings and takeover by the Raleigh News and Observer and Durham's Independent Weekly and whether the emphasis was justified or not; and what the new ownership will mean to the Durham Herlad-Sun and its readers.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 25 Issue 7, July 2005, p28-33, il

Subject(s):

The Herald-Sun (Durham); Newspapers--Durham