Thursday, January 29, 2009

St. Pete Times To Sell Off Assets?

The Poynter Institute, owner of the Times Publishing Company, publisher of the St. Petersburg Times is looking to sell what has become a Washington, DC institution – CQ or Congressional Quarterly.

CQ is a inside the beltway publication that is heavily relied upon by Congressional offices, lobbyists and trade associations for update information on what is happening on the floor. As a boutique publication (actually, it is an umbrella for a number of subscription websites and publications) whose clientele are not likely to see their need for its services decrease, CQ should be relatively immune to the media downturn that is killing the newspapers and magazines.

But, in the words of one CQ staffer, “there’s a realization that St. Pete is willing to cannibalize CQ to save [the St. Petersburg Times].

This a prestigious publication and it is obvious that the St. Petersburg Times is in more trouble than any of us thought.


At 1/29/2009 06:12:00 PM, Blogger Sinfonian said...

Well, isn't that interesting ...

A couple of weeks ago, I interviewed for a job at The Poynter Institute. Last Friday, I found out that I did NOT get the job.

Maybe it's a blessing in disguise ...

At 1/30/2009 09:41:00 AM, Blogger Campaign Manager said...

Entirely possible... though I still maintain a deep affection for the St. Pete Times.

At 1/30/2009 10:20:00 AM, Blogger Peter Schorsch said...

I have an affection for the Times as well, but they'll be out of the newspaper business within five years. All web, maybe.


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