A group of online content syndicators including the Associated Press, Reuters, Tribune Company and CBS has released a proposed set of guidelines for content syndication, according to a report from MediaWeek.
The guidelines are aimed at countering the effect that the group sees as a growing and dangerous trend on the web – the rise of shoddy, poorly-sourced and edited content, often produced solely with gaming search engines in mind.
The proposed guidelines will now be open to review by its membership and the wider online media industry.
US newspaper publisher Tribune Company has reached an agreement with its creditors and lenders that will help it emerge from bankruptcy protection later this year, according to news from Reuters.
Tribune, which publishes the Chicago Tribune and the Los Angeles Times, filed for bankruptcy in 2008. The new agreement settles all potential claims stemming from the 2007 $8.2 billion (£5.4 billion) Tribune leveraged buyout by Sam Zell in 2007.
The agreement has come under criticism from a group of junior boldholders holding $1.2bn (£780 million) of Tribune debt. They claim to have been unfairly cut out of the negotiating process, and have further criticised the make-up of the creditors committee, which includes bank lenders, normally excluded from such groups.
“As expected, The Minneapolis Star-Tribune has filed for Chapter 11 bankruptcy protection, as the newspaper failed to get a key union agreement on cost-containment,” PaidContent reported yesterday. Full story…
“It’s true that Tribune Co. is talking about outsourcing its national and international news coverage to The Washington Post Co.,” comments Editor&Publisher, but warns that ‘big sticking points remain and the two are not close to a deal,’ as Chicago Tribune media reporter Phil Rosenthal reported in his blog Thursday afternoon. Full story…
James Surowiecki posits his analysis of the current newspaper industry crisis. Regarding the Tribune Co., he says that ‘although Zell was making excuses for his own mismanagement, the perfect storm is real enough, and it is threatening to destroy newspapers as we know them’.
Following the news that the Tribune Co. has filed for bankruptcy, ‘journalist turned activist’ and former editor of the Los Angeles Daily News, Ron Kaye, writes on his blog that this is not the end of your daily newspaper.
“It’s just the beginning of the end for hundreds of newspapers and the collapsing of many others into single regional franchises that can survive as the only source of printed news and advertising on a daily basis.”
Kaye, who was fired by the Daily News seven months ago, says ‘Let the conversation begin.’
More on this tomorrow, but just to link today’s (Monday) news that the Tribune Co. has filed for Chapter 11 bankruptcy protection, as reported here by the group’s own newspaper the LA Times, as well as numerous other news sources. The group also owns KTLA Channel 5, the Chicago Tribune, the Baltimore Sun as well as nine other newspapers and 22 other television and radio stations across the country.