5 p.m., May 26
U-T Cites Improvement, May Hire 25 Part-Timers
The new Union-Tribune management on Thursday told staff members that circulation and advertising are rising. (Some other metro dailies are reporting modest improvement in those measures, but analysts are not convinced the mild upturn will last. In any case, the big newspaper stocks have definitely bounced off the bottom in the post-March upwave.) The new management, hired by owner Platinum Equity, was critical of prior leadership at the meeting, according to good sources. A replacement for former editor Karin Winner is expected to be named soon. The library, photo lab, and editorial writers are preparing to move to the third floor from the fourth. The company expects to consolidate all operations on the second and third floors and rent out the other floors (This has been in the works for some time.) As reported on this blog, Platinum sold a building in Old Town once used for inserts. That function will now take place in the former management parking lot under the building. Managers will have to use the employee lot, which now has plenty of room.
Most importantly, the company may hire 25 part-timers -- possibly including some who were laid off, according to sources attending the staff meeting.
In other news, Editor & Publisher, the so-called bible of the newspaper industry, has been sold to boating magazine publisher Duncan McIntosh, two weeks after the magazine had been shut down. It will resume publication shortly.