From papers, local TV to new-media morass

Diane Mermigas writes:

The original mass-media guys -- the conglomerates rooted in big-city newspapers and local television stations -- are counting on the Internet and private equity to help them meet a survival challenge that already is taking a hefty toll.  ¶  The jury is still out on whether any of these publishing scions, including Tribune Co., Dow Jones, the New York Times, E.W. Scripps, and Gannett, can make a successful transition into an electronic information age with their editorial legacies in tact. But the striking contrast of ways in which these old-line media companies are being proactive and reactive to interactive opportunities is raising serious questions about whether management is capable of repositioning their valuable assets in a digital media world. ...

Link:  The Hollywood Reporter.