Jonathan Este, the man who is running the Future of Journalism project for the journalists’ union, the Media Entertainment and Arts Alliance, has an interesting article over at Inside Story. He suggests that we may be about to see a return of the media moghul, and he quotes some more optimistic than usual analyses of the long term future of newspaper companies, if not the newspapers themselves.
“The recent deals have prompted speculation that newspaper groups may be moving back towards private hands as private equity groups and institutional investors look for a way out. “The likely prognosis is that we will see more private deals and a withdrawal of the institutional and private-equity investors who have tried hard to milk the newspaper industry, but have done little to enhance the value or importance of newspapers,” Jim Chisholm, a newspaper consultant at iMedia Advisory Services, told the Sunday Times last week.”
