Categories: OLD Media Moves

Post-Dispatch coverage of beer deal called thorough and exhaustive

Kenneth Klee of The Daily Deal applauds the coverage of InBev’s proposed deal with Anheuser-Busch that appeared in the hometown paper, the St. Louis Post-Dispatch.

Klee writes, “It’s one thing to work at a bank or a multinational corporation or a financial media company and advocate global free trade. It’s another to be a truck driver for Anheuser-Busch Cos. in St. Louis and hear that a foreign giant with a weird name is taking over your employer. How do you make sense of something like that?

“One way is by reading the smart, thorough, fair-minded and exhaustive coverage of this deal in the St. Louis Post-Dispatch. This account of InBev SA CEO Carlos Brito’s meeting with A-B executives on Tuesday is just the latest example. As you’ll see, there are links to many other articles, from a profile of Brito to a look at what happened after other major local companies were bought by outsiders to pieces on employee reactions and the impact on the regional economy. This is a level of coverage that simply doesn’t happen anywhere else.

“And judging from trends in the newspaper industry, it’s in danger of disappearing. The St. Louis Post-Dispatch is owned by Lee Enterprises of Davenport, Iowa, which bought parent Pulitzer Inc. in 2005 for $1.46 billion. At the time Lee — with 44 papers in smaller markets and the kind of hyper-local strategy that many think is the industry’s best hope — looked like a possible winner. But as of Wednesday, Lee’s shares were below a 27-year low, and the market cap for the whole company was $152 million.”

Read more here.

Recent Posts

Indianapolis Biz Journal seeks a news editor

The Indianapolis Business Journal is looking for our next news editor, a role that focuses…

11 hours ago

Axios hires Berkowitz as ME for media and markets coverage

Axios has chosen Ben Berkowitz to be its next managing editor of business and markets.…

16 hours ago

Business Insider hires Ortega as director of newsroom operations

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm thrilled…

17 hours ago

Rest of World promotes Chandran to deputy editor

Rest of World editor in chief Anup Kaphle sent out the following on Monday: We are excited…

17 hours ago

FT hires Venugopal as India newsletter editor

The Financial Times has hired Veena Venugopal as its India newsletter editor. She has been working at…

18 hours ago

FT taps Parkin to be Middle East and Africa news editor

Benjamin Parkin has been named Middle East and Africa news editor at the Financial Times, based…

20 hours ago