Thursday, November 19, 2009

OUCH!

Window Media's Demise Can Be Blamed on Its Leaders, Not the Marketplace / Queerty:
"Says Horn: 'Window Media has been is serious financial trouble for some time for reasons mostly unrelated to the general decline in newspaper advertising and the economic downtown. They leveraged their assets, including their newspapers, to fund acquisition, expansion and Web development by obtaining a huge Small Business Association loan which they were unable to service and resulted in their being put in involuntary receivership. I do not believe that the failure of Window Media means the failure of LGBT newspapers in the major population centers where they are located. Gay newspapers that have prudent management and business practices, such as the B.A.R., the Philadelphia Gay News, and the Dallas Voice, just to name three, continue to succeed.'"

Read the rest, follow the link. Lots of good insight.

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