Publisher Joins Creditors In Attempt to Take Over Philadelphia Newspapers in Bankruptcy

More daily papers are facing hard times now. Creditors are attempting to take over Philadelphia Newspapers, and have been joined in that fight be a longtime publisher. Full details at Yahoo! News:

Creditors will extend for two months the company’s exclusive right to present a reorganization plan. Their plan proposes the auction and posts a starting bid of $37 million in cash plus real estate and bankruptcy costs. The company values the plan at $92 million.

The debtors propose to keep $60 million in debt on the books, in contrast to the company’s plan to emerge debt-free.

"We believe that it achieves the highest and best value for estate assets for the benefit of creditors," said lawyer Larry McMichael, who represents Philadelphia Newspapers. "We believe that because we haven’t been able to find anybody else to put money in."

Ailing newspapers in Boston, Minneapolis and other U.S. cities have all struggled to raise capital or find new buyers, he noted.

“Writer’s Digest” Devotes Issue to Self-Publishing

The March/April issue of Writer’s Digest contains an excellent series of articles under the featured header “Everything You Need to Know About Self-Publishing.” Everyone’s writing books these days, so the world of self-publishing has suddenly become a busier and more interesting place.

Writer’s Digest explores the pros and cons of self-publishing, as well as advice on using professional editing and design services to give your book a marketing edge.

Two Peas Gets Media Mentions

Two Peas Publishing was profiled in the Lifestyles section of the Columbia, Tenn. Daily Herald recently. We were on Page 5C of the Sunday, March 15, 2009 issue. Unfortunately, the article is not on the newspaper’s website. You can see a scan of it on Two Peas’ Facebook page.

Two Peas is also mentioned in the April issue of Her Nashville magazine. Check us out on the “Her Favorites” page.

Nature or Nurture?

The more things change, the more they stay the same.

Journalism Net Effect Defies Expectation

“The afternoon newspaper is in a sense being reborn online”

The Internet has profoundly changed journalism, but not necessarily in ways that were predicted even a few years ago, a study on the industry released Sunday found.

It was believed at one point that the Net would democratize the media, offering many new voices, stories and perspectives. Yet the news agenda actually seems to be narrowing, with many Web sites primarily packaging news that is produced elsewhere, according to the Project for Excellence in Journalism’s annual State of the News Media report. Read more

[Topix Publishing News]