I Promised – You Delivered – The Checks Are Cut

Folks,

Take a bow – you did it!

Our goal was to hit $40M in profit in 2010. Well you did better than that – you hit more than $41M. Not bad for a bankrupt, beat up old newspaper company people had written off as dead in 2009.

But we didn’t write ourselves off. We picked ourselves up and got working.

We learned to harness both cloud and crowd. Using new tools and working the new news ecology we produced new digital products and revenue streams AND reduced costs. We focused on what we do best and linked to the rest.

We learned how to put out out daily newspapers and websites using only free web tools. And the Ben Franklin Project was born. We established the ideaLab and you came up with more and better products.

We put about 1,000 Flip cams in your hands and we now produce about 4,000 minutes of original local news video per week. Stay tuned for more on that next quarter – think JRC TV.

You changed our culture and how we think. And we are a better Company for that.

AIl of that change is reflected in our bottom-line.

I promised you would all share in that profit, so look in your pay check tomorrow – you will all find an extra week’s pay. All, that is, except for our senior executives. They have a bonus plan and it’s enough already.

I promised and you delivered. And I cannot thank you enough for your effort this past year.

Together, with your help, we are transforming the Journal Register Company into a modern news media company. A transformation powered by its employees.

Until next time, John.                                                            

23 thoughts on “I Promised – You Delivered – The Checks Are Cut

  1. Pingback: Journal Register Staffers Get Bonuses - MediaJobsDaily

  2. Pingback: Popular on Twitter: Thomas on Crowley, Rosen on The Daily, the State of the News Media 2011 » Nieman Journalism Lab » Pushing to the Future of Journalism

  3. Pingback: I Promised – You Delivered – The Checks Are Cut « Digital First | digipreneur.co.cc

  4. Congrats John for what you’ve achieved, because it’s the best prove that the biggest problem with newspaper publishers is luck of believe, that’s such transformation pays-off. :)))

  5. Pingback: The State of the News Media 2011 and related posts | Educational Blogs From 2Tav

  6. I for one say, “Thank you.”
    This would never have happened under the previous administration.
    But, I must also apologize for a select few who scoffed at the whole idea, yet happily cashed their checks yesterday.
    Hopefully we can weed out the negative few, and have another positive year, this year.

  7. Pingback: Lekcija 28: Što se dogodi kad iza riječi stoje djela? « Medijske lekcije

  8. Pingback: Journal Register’s open advisory meeting: Bell, Jarvis, and Rosen put those new media maxims to the test » Nieman Journalism Lab » Pushing to the Future of Journalism

  9. Pingback: Paton to NAA: Quit whining, move forward | AIMGroup.com

  10. Pingback: Innovation in Print Media « « Julie BoydJulie Boyd

  11. Brilliant resul. Now if only the management of Fairfax and Rural Press here in Australia would read about how to do it.

  12. Pingback: Is John Paton the savior newspapers have been waiting for? — Tech News and Analysis

  13. Pingback: Jim Brady Reflects on WaPo, ‘Blown Up’ TBD and the Do or Die Future of Local | Street Fight

  14. Pingback: The Morning Lowdown 03-15-11 — paidContent

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s