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.
Way to go JRC team! Wishing you all an even better 2011!
I don’t see town/state in this post. Where is Journal Register? Thanks.
More than 300 digital and print products in 10 states. Corp site: http://www.journalregister.com
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Great work! So more work for us freelancers?
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.
))
Thank you, John, for the opportunity for everyone to share in the success of the new JRC. It’s been an amazing and exhilarating transformation, and fun, too.
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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.
Thank you, John, for your efforts to make JRC a leader in journalism and a profitable business. Feels nice and pays off too. Much thanks from Lorain!
Congrats John. Your team is earning its place in new media.
Cheers, Mike
Thank you, John!
Wonderful! Many thanks! Now what will we do for an encore?
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Brilliant resul. Now if only the management of Fairfax and Rural Press here in Australia would read about how to do it.
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