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California Newspapers Partnership
California Newspapers Partnership is a publisher of more than two dozen daily newspapers and several weekly newspapers in the United States state of California. The partnership is managed as a subsidiary of MediaNews Group, its majority owner. The minority partner is Stephens Media (newspapers), Stephens Media, with roughly a one-quarter ownership stake. History William Dean Singleton, founder of MediaNews, pushed for the partnership in 1999 as part of his "clustering" strategy of newspaper ownership — owning groups of newspapers in a geographic area for economy of scale, economies of scale. For example, he had acquired five dailies in Northern California in the mid-1990s and centralized their operations into one copy and layout desk, and one team for special sections such as sports and features. In an effort to achieve efficiencies on a larger scale, Singleton offered to pool its Bay Area papers — the Alamedia Newspaper Group — and the ''Los Angeles Daily News'' in a part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |