January 7, 2005: Headlines: COS - Venezuela: Journalism: Publishing: LA Times: Herald Publisher Alberto Ibarguen shuts down Street Weekly

Peace Corps Online: Directory: Venezuela: Peace Corps Venezuela : The Peace Corps in Venezuela: January 7, 2005: Headlines: COS - Venezuela: Journalism: Publishing: LA Times: Herald Publisher Alberto Ibarguen shuts down Street Weekly

By Admin1 (admin) (pool-151-196-43-253.balt.east.verizon.net - 151.196.43.253) on Friday, January 07, 2005 - 8:50 pm: Edit Post

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:

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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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