NAA Mid-Year: Singleton Bullish On Internet, Tribune’s FitzSimons


The Chicago Tribune’s Phil Rosenthal talked with MediaNews Group Chairman Dean Singleton about the Tribune Co., Chairman and CEO Dennis FitzSimons, and the newspaper business. Singleton endorsed the Tribune’s share buyback plan, said he didn’t expect the company’s newspapers to be sold and, once again, talked up his belief in newspapers plus internet as the future.
— Singleton isn’t sour on print. It’s “still a very, very, very profitable piece of what we do and will be for a long, long time.”
“We’re changing from an old business model very gradually to a different business model and sometimes some of the seed corn falls out of the wagon when you’re getting it over the other side. … The market doesn’t like things that aren’t going up every quarter, so we’re having a tough time explaining that this isn’t decline. It’s change and change sometimes is painful, but sometimes it’s very rewarding.”

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