Fly on the Wall 

"Deconsolidation?"

Now there's a word you seldom hear coming from the executive offices of Big Media. But according to The New York Times, it was the word used by Joseph G. NeCastro, the chief financial officer for Scripps Howard (parent company of The Commercial Appeal) as he discussed the fate of Scripps' newspaper division. Citing ever-declining readership and nervous investors, NeCastro was quoted as saying that "the most advantageous route is to separate the newspaper business in some fashion."

NeCastro's comments have prompted speculation that the company will either split its cable and newspaper divisions into two separate media companies operated by the Scripps family trust or put its print properties on the auction block.

The Scripps story broke as 3,500 liberal Moonbats descended on downtown Memphis for the National Conference for Media Reform to moan about how journalism in America has suffered in service to Wall Street.

In related news, The New York Times Company recently reached an agreement to sell WREG Channel 3 to a bastion of journalistic integrity, Oak Hill Capital Partners, a New York-based equity firm.

Fake News

The findings of an independent research group appear to suggest that large "state of the art" entertainment venues, especially those intended for gladiatorial events such as football or celebrity boxing, may result in a battery of positive externalities affecting and ultimately slowing the rate of infant mortality in otherwise blighted urban communities.

"It's weird," says Randolph Phuddlepuck, Ph.D. of Stadium Science Associates (A.S.S. backward), a not-for-profit research group studying the impact of arena building on mayoral campaigns in America. "But that's just how these kinds of things seem to work," he says.

Fly on the Wall: We make things up. You decide.

Keep the Flyer Free!

Always independent, always free (never a paywall),
the Memphis Flyer is your source for the best in local news and information.

Now we want to expand and enhance our work.
That's why we're asking you to join us as a Frequent Flyer member.

You'll get membership perks (find out more about those here) and help us continue to deliver the independent journalism you've come to expect.


Favorite

Speaking of Fake News, deconsolidation

Comments

Subscribe to this thread:

Add a comment

ADVERTISEMENT
ADVERTISEMENT

Blogs

News Blog

Memphis Pets of the Week (March 21-27)

From My Seat

Yale Beats Maravich!

Tiger Blue

NIT: Tigers 74, San Diego 60

Beyond the Arc

Can It Be That It Was All So Simple Then?

Fly On The Wall Blog

Memphis Comedy Show "You Look Like" Begins Airing on LOL Network

ADVERTISEMENT

More by Chris Davis

Readers also liked…

ADVERTISEMENT
© 1996-2019

Contemporary Media
460 Tennessee Street, 2nd Floor | Memphis, TN 38103
Visit our other sites: Memphis Magazine | Memphis Parent | Inside Memphis Business
Powered by Foundation