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Dallas Morning News, Fort Worth Star-Telegram Explore Money-Saving Partnerships - BCNN1

Dallas Morning News, Fort Worth Star-Telegram Explore Money-Saving Partnerships

Tags: 12 cents, a h belo corpp, bob mong, dallas morning news, finances, financial challenges, fort worth star telegram, mcclatchy, money, money saving, newspaper distribution, partnerships, resources, shares, the news

By Black Christian News on November 8, 2008 3:29 AM | No Comments | No TrackBacks

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The Dallas Morning News and the Fort Worth Star-Telegram are exploring ways to work together to save money as both face financial challenges, according to a memo from News editor Bob Mong.

"Editors at both papers feel there are some common-sense ways we can save money through cooperation that can free valuable resources in both newsrooms," Mr. Mong wrote in an e-mail sent to The News' staff Friday just before noon.

"I can assure you we have no intention of diluting our powerful brand. But I do know there are ways to move forward with the Star-Telegram , save money and continue to provide the outstanding unique content we are known for."

The News, owned by A.H. Belo Corporation, and the Star-Telegram , owned by McClatchy, recently signed a newspaper distribution agreement under which each company will deliver a portion of the other's papers in some circulation areas.

In Friday trading, shares of A.H. Belo fell 12 cents to $3.34. McClatchy shares fell 26 cents to $1.97.

Source: Dallas Morning News

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