“Wealthy Hawaiians” Part of the Honolulu Advertiser Acquisition by David Black… Eh?

An interesting article by David Ebner of The Globe and Mail entitled “David Black, a true believer amid cries of doom” has some interesting stuff about the StarBulletin’s owner, David Black’s  intentions of the local newspapers more then a year ago.

“…Squaring his shoulders, he aimed to take on the rival Honolulu Advertiser, 50 per cent larger and owned by Gannett Co., the largest U.S. newspaper publisher. While gains were made, profits were not. So last year Mr. Black sat down with his minority owners, a sextet of wealthy Hawaiians, and convinced them of an unlikely last move: Buy the Advertiser…”

If this is true, than he has basically been stringing along the StarBulletin folks for a long time now!

Anyone know who these “wealthy Hawaiians” are?

The article later goes on to say:

…As he consolidates a losing position in Hawaii, Mr. Black (no relation to the onetime newspaper baron now jailed in Florida) pursues far grander ambitions in Canada. Black Press is one in a group of five bidders in the $1-billion-plus auction of CanWest LP’s 46 newspapers, which is to be settled within a month…

So I’m not sure what this really means, but it sure seems like he’s squeezing the Hawaii market to venture and profit more in Canada… Eh?

Honolulu Star-Bulletin to Become “Tabloid”

Honolulu Star-Bulletin Converting From Newspaper to Tabloid

The Honolulu Star-Bulletin is converting from a broadsheet newspaper to a tabloid and taking steps to deal with the recession…

…The newspaper will lay off 17 newsroom employees and an undetermined number of employees elsewhere in the company, Oahu Publications Inc. There will also be a wage freeze.

In addition, the Star-Bulletin will close its neighbor island bureaus, on Maui, Kauai and the Big Island. Neighbor island news will continue to be covered, by reporters on Oahu and wire services…

More here

I’ve been saying for a long time that newspapers are a thing of the past.

People just don’t want to come to grips with it.

In 1998, I remember being told by a Professor that with the onslaught of Digital Media, things like newspapers will be a thing of the past.  This was more then 10 years ago now folks.

A few months ago I blogged about the HawaiiFreePress converting to an online format.  Yesterday, I blogged about the University of Hawaii’s Student Newspaper moving to youtube.  There are plenty of examples both nationally and locally.

I really feel sorry for those that are getting laid off now… or those that may get laid off in the near future.

Former Hawaii Tribune Herald reporter Dave Smith posted on Punaweb:

…Even more unfortunately, veteran journalist Rod Thompson, who has been manning the Big Isle bureau for many years, may be among the casualties. I hope not, as he has broad institutional perspective of the issues here, including those in Puna…”

Of course this is the same Mr. Smith that commented on my blog a while back: :roll:

Damon, are you trying to become the National Enquirer of the local blogosphere?


P.S. Damon Dollars are still available. :roll: