{"id":9153,"date":"2015-10-16T14:00:05","date_gmt":"2015-10-16T19:00:05","guid":{"rendered":"http:\/\/www.robertfeder.com\/?p=9153"},"modified":"2015-10-16T14:30:46","modified_gmt":"2015-10-16T19:30:46","slug":"sun-times-owner-great-time-to-be-a-journalist","status":"publish","type":"post","link":"https:\/\/robertfeder.dailyherald.com\/2015\/10\/16\/sun-times-owner-great-time-to-be-a-journalist\/","title":{"rendered":"Sun-Times owner: \u2018Great time to be a journalist\u2019"},"content":{"rendered":"
\"Michael<\/a>

<\/a> Michael Ferro<\/p><\/div>\n

The man responsible for gutting the Sun-Times<\/a> and eliminating the jobs of dozens of reporters, photographers and editors in Chicago thinks it's \u201ca great time to be a journalist.\u201d<\/p>\n

Michael Ferro, chairman of Sun-Times Media parent company Wrapports LLC, made the upbeat declaration in an interview Friday on \u201cBloomberg Markets.\u201d<\/a><\/p>\n

\u201cBy the way, journalism has never been bigger in the world,\u201d Ferro said. \u201cThere\u2019s more journalists than there\u2019s ever been. There\u2019s more content than there\u2019s ever been. And there\u2019s still people wanting content. . . . So we think this is a great time to be a journalist, it\u2019s a great time to be in media, and there\u2019s a huge growth trajectory.\u201d<\/p>\n

Since Ferro\u2019s investment group acquired the Sun-Times in December 2011, the paper has cut more than half its editorial staff through multiple rounds of layoffs, buyouts and cutbacks. Under Wrapports the paper's digital operation has become a national embarrassment.<\/a><\/p>\n

Asked whether he'd put more money into the Sun-Times, Ferro said: \u201cWe put whatever it takes. The Sun-Times is a great organization. We use the Sun-Times to test products.<\/p>\n

\u201cSo I would definitely say when I look at old media, I look at it as a big distribution platform. There\u2019s not a lot of great old media properties out there that are valued quite fairly right now. But if one has new digital products, which they can distribute and advertise through those distribution channels, I do think there can be some good buys in the future for us.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The man responsible for gutting the Sun-Times and eliminating the jobs of dozens of reporters, photographers and editors in Chicago thinks it's \u201ca great time to be a journalist.\u201d Michael Ferro, chairman of Sun-Times Media parent company Wrapports LLC, made the upbeat declaration in an interview Friday on \u201cBloomberg Markets.\u201d<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/9153"}],"collection":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/comments?post=9153"}],"version-history":[{"count":9,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/9153\/revisions"}],"predecessor-version":[{"id":9163,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/9153\/revisions\/9163"}],"wp:attachment":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/media?parent=9153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/categories?post=9153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/tags?post=9153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}