In a paradigm shift that will either help make newspapers more profitable or prove their dwindling relevance, 23 newspapers owned by MediaNews Group followed the lead of The Wall Street Journal and New York Times by shaking down would-be online freeloaders for a monthly fee. The program includes MediaNews’s smaller papers, including the Daily Democrat (Woodland, Calif.), Sentinel & Enterprise (Fitchburg, Mass.) and Daily Times (Farmington, NM).
Mired in $1 billion of debt, Blockbuster asked the U.S. Bankruptcy Court to let it auction itself off. After restructuring its plan to better suit creditors who were calling for liquidation, Blockbuster has been granted verbal approval by the court to go ahead and put itself on the market. The judge still has to put his decision in writing to make it official.