Morning report
“We are definitely in this for the long haul,” says Tampa Tribune’s new owner. “We don’t flip businesses.”
Revolution Capital Group founder and managing partner Robert Loring said some investment funds might look at buying a newspaper as “contrarian,” but adamantly said this was a long-term investment because the Tribune “checked many of the boxes we were looking for in terms of our criteria.”
Columnist Steve Otto writes that “the new owners seem like good people … they have a lot of money and they like what they see in Tampa.” (tbo.com)
More to read:
* Michigan TV station posts animated exchange between its reporter and Paul Ryan. (politico.com)
* New York Times hosts Arianna Huffington Q-and-A on “protest afternoon.” (wwd.com)
* When women weren’t welcome at Newsweek; an interview with Lynn Povich. (adweek.com)
* Darren Rovell apologizes for “RIP Alex Karras”; says he’s “glad he is alive.” (sportsrapport.com)
* Pew: Smartphone owners are using their mobile devices as a tool for political participation. (pewinternet.org)
* Neil deMause: Why the Washington Post killed my Nationals stadium op-ed. (fieldofschemes.com)
* Twitter is forecasting at least $1 billion in sales in 2014. (bloomberg.com)
* “There are limits to what anybody can do to silence anybody,” Jim Lehrer tells Gail Shister. (phillymag.com)
* Lex Fenwick is making his mark on Dow Jones as CEO. (reuters.com)
* Marquette’s independent newspaper, the Warrior, shuts down for a semester. (marquettetribune.org)
* University of Wisconsin-Milwaukee newspaper: “We are almost broke.” (uwmpost.com)
