January 7, 2005: Headlines: COS - Venezuela: Journalism: Publishing: LA Times: Herald Publisher Alberto Ibarguen shuts down Street Weekly
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January 7, 2005: Headlines: COS - Venezuela: Journalism: Publishing: LA Times: Herald Publisher Alberto Ibarguen shuts down Street Weekly
Herald Publisher Alberto Ibarguen shuts down Street Weekly
Herald Publisher Alberto Ibarguen shuts down Street Weekly
Miami Herald Shuts Down Street Weekly
By Associated Press
MIAMI — Street Weekly, an alternative tabloid published by the Miami Herald Publishing Co. since 1999, is being shut down because of financial losses.
The issue that hit newsstands Thursday will be the publication's last. The tabloid's 13 employees will be offered three-month severance packages if jobs cannot be found for them in other departments at The Herald, Street editor Brett O'Bourke said.
Employees were told of the decision Thursday afternoon.
"The losses were modest, but the reason we shut it down is because they were consistent," Herald Publisher Alberto Ibarguen said. "We didn't see it turning the corner."
Newspaper analyst John Morton said that by closing Street, The Herald "is kind of running counter-trend" to other newspaper companies, which are opening youth-oriented tabloids in an attempt to attract them to their flagship paper.
The Washington Post and Chicago Tribune recently launched free tabloid dailies and earlier this week The New York Times Co. announced it was buying a 49 percent stake for $16.5 million in youth-oriented daily Metro Boston.
"There are reasons beyond making money for these newspapers," Morton said.
Street is The Herald's second weekly paper shut down in the past two years. The company stopped publishing The Jewish Star Times in December 2002, also for financial reasons.
The Herald is owned by Knight Ridder Inc.
When this story was posted in January 2005, this was on the front page of PCOL:
 | Peace Corps issues appeal to Thailand RPCVs Peace Corps is currently assessing the situation in Thailand, anticipates a need for volunteers and is making an appeal to all Thailand RPCV's to consider serving again through the Crisis Corps. Also read this message and this message from RPCVs in Thailand. All PCVs serving in Thailand are safe. Latest: Sri Lanka RPCVs, click here for info. |
 | The World's Broken Promise to our Children Former Director Carol Bellamy, now head of Unicef, says that the appalling conditions endured today by half the world's children speak to a broken promise. Too many governments are doing worse than neglecting children -- they are making deliberate, informed choices that hurt children. Read her op-ed and Unicef's report on the State of the World's Children 2005. |
 | Our debt to Bill Moyers Former Peace Corps Deputy Director Bill Moyers leaves PBS next week to begin writing his memoir of Lyndon Baines Johnson. Read what Moyers says about journalism under fire, the value of a free press, and the yearning for democracy. "We have got to nurture the spirit of independent journalism in this country," he warns, "or we'll not save capitalism from its own excesses, and we'll not save democracy from its own inertia." |
 | Is Gaddi Leaving? Rumors are swirling that Peace Corps Director Vasquez may be leaving the administration. We think Director Vasquez has been doing a good job and if he decides to stay to the end of the administration, he could possibly have the same sort of impact as a Loret Ruppe Miller. If Vasquez has decided to leave, then Bob Taft, Peter McPherson, Chris Shays, or Jody Olsen would be good candidates to run the agency. Latest: For the record, Peace Corps has no comment on the rumors. |
 | The Birth of the Peace Corps UMBC's Shriver Center and the Maryland Returned Volunteers hosted Scott Stossel, biographer of Sargent Shriver, who spoke on the Birth of the Peace Corps. This is the second annual Peace Corps History series - last year's speaker was Peace Corps Director Jack Vaughn. |
 | Charges possible in 1976 PCV slaying Congressman Norm Dicks has asked the U.S. attorney in Seattle to consider pursuing charges against Dennis Priven, the man accused of killing Peace Corps Volunteer Deborah Gardner on the South Pacific island of Tonga 28 years ago. Background on this story here and here. |
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Story Source: LA Times
This story has been posted in the following forums: : Headlines; COS - Venezuela; Journalism; Publishing
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