The CEO of the Journal Register Company, parent company of four NY papers - The Record (Troy), The Oneida Daily Dispatch, Saratogian and Daily Freeman - delivered a frank critique of the challenges the newspaper industry is facing at an industry event today.
John Paton told colleagues at the International Newsmedia Marketing Association (INMA) Transformation of News Summit this morning in Cambridge, Mass. "(we must) profoundly change how we do business". He then spent the rest of the presentation explaining to folks the Digital First transformation he has led in JRC since he joined the company earlier this year, and the results so far. The short version is, in John's words, "the company’s expenses are down and its profits are up".
But if you have any interest in the newspaper business, the story is more compelling. Read/view John's presentation.