Word: hearstly
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Ever wanted to know what a death sentence feels like? You can get a pretty good idea over at the Seattle Post Intelligencer. On Jan. 9, Steve Swartz, an executive from Hearst, announced in the newsroom that the company was putting the money-losing newspaper, known locally as the P-I, up for sale for 60 days...
...paper was doomed by the triple threat laying waste to metropolitan dailies everywhere: the massive drop in advertising, particularly home and classified ads; the ready availability of free news online; and the limitations of the corporate parent - although Hearst, which owns 16 daily papers and another 16 magazines in the U.S., is one of the sturdier media giants. The P-I's main rival, the Seattle Times, is owned by a local family and is enmeshed with the P-I in a joint operating agreement. It, too, is in dire straits. Seattle, noted Horsey and others, could become the first...
Collector's Cabinet, Part 2. Los Angeles's LACMA has Hearst the Collector on view. Immortalized in Orson Welles' Citizen Kane, the newspaper publisher William Randolph Hearst was said to have provided 25% of the art on the market in the 1920s and '30s. The LACMA collection includes 17th-century armor and tapestries, as well as Hearst's sculpture and paintings. Through Feb. 1, 2009. 5905 Wilshire Boulevard, Los Angeles...
...Four years ago, movie companies and Wall Street banks embarked on a promising romance. Before then, the smart money on Wall Street had stayed away from Hollywood. And not without good reason - starting with William Randolph Hearst in the silent era, plenty of wealthy investors with stars in their eyes had lost big money in the high-risk business of financing single films. But in 2004 banks like Merrill Lynch, JPMorgan and Goldman Sachs found themselves with a glut of capital and no place to put it. Studios, meanwhile, were looking for a way to please their fiscally conservative corporate...
...publishing industry is banking on that. Will Weisser, associate publisher of Portfolio, Penguin's business imprint, says that business-advice books written by men inevitably reflect a masculine approach. "Women in business are looking for something that speaks to their own experience." The success of Basic Black, Hearst Magazines president Cathie Black's best-selling 2007 advice book and memoir, paved the way for three provocative career guides for women, by women...