News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Metro RTA

NOCHE

Area Agency on Aging 10B, Inc.


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


The parent company of Cleveland Scene magazine is putting the business up for sale
The future of Cleveland Scene magazine will depend entirely on its buyer. Analysts compare the sale to the plot of Black Beauty
Story by LAUREN SCHMOLL


 
The Pennsylvania company that owns Scene is shedding some of its more distant properties.
Courtesy of KABIR BHATIA
Download (WKSU Only)
In The Region:

The Cleveland Scene magazine is going up for sale by its parent company Times-Shamrock, according to Crain’s Cleveland Business.

The company is based in northeast Pennsylvania and is selling some of its more distant properties. It acquired Scene in 2008 and said the alternative weekly has been strong and profitable.

What the sale means for Scene and for Northeast Ohio remains unclear. Rick Edmonds is a media business analyst at the Poynter Institute. He says the impact will depend entirely on the buyer.

LISTEN: Edmonds on temperaments of owners

Other options:
Windows Media / MP3 Download (0:17)


“That could be somebody who is willing to reinvest and revitalize. Or it could be somebody who thinks that even though there have been some cuts made, there is a lot more than can be done on the cost-savings side. I saw somebody recently comparing the whole thing to the plot of ‘Black Beauty.’ Sometimes you get a good owner who feeds you well and sometimes you get a bad one.”

Edmonds says sales of newspapers have picked up over the last year and a half. Many companies like Times-Shamrock are selling properties viewed as less essential. A sale typically takes about six months to complete.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook



Stories with Recent Comments

Akron's Tuba Christmas: A resounding blast of holiday spirit
Nice piece, Vivian! Looking forward to hearing you move from flute to tuba on Saturday. Love hearing your interviews and this seemed extra special since I kno...

Cleveland Hugo Boss workers are fighting for their jobs again
Bro. Ginard; I support your effert to keep your jobs, I understand all about concesions, I was a Union offical from 1965 until 1991 and the company th...

Asian Carp control could benefit from bill passed by House, heading to the Senate
help me fight the battle against invasive carp by method of harvest

Ohio's Portman supports lifting limits on party political money
If Portman was legitimately concerned about outside groups influence on elections he would have supported the DISCLOSE act. Instead he helped block it being bro...

Study shows trade with China has cost more than 3 million U.S. jobs
I disagree with James Dorn! If we don't change the playing field and make it a fair competition the whole US industry will be weaker and weaker. Eventually all ...

Video of Cleveland police shooting a 12-year-old is critical to the investigation
While I think this is a very unfortunate, the fact is that police are trained to aim for the large mass of a human to stop them. If they aimed for the leg it w...

Wayne County teacher says he was fired for criticizing dairy
This is bull crap Smithville Schools have changed ever since the new school I'm so ashamed at the district I wish I could pick my house up and move it to anothe...

White Castle is closing its five Northeast Ohio restaurants
you should open a white castle in logan ohio.i'm pretty sure you disappointed,thank you...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University