RE:RE:RE:RE:Fair valuation for NOW and Straight; odds for survivalHi, Tiger. This is bound to be torture for the employees, but you should know that your skills are very much in demand in the current economy. You'll need to be resilient, but that's the anthem for our age.
I, too, miss the fun of the old days in the magazine biz. Those days are gone and aren't coming back. But you can still thrive and have a few laughs now and again.
Lorne London, owner of Post City newspapers, is a survivor and a genuine entrepreneur (unlike Uncle Kirk, who is a deflated bag of stale air.) No, he won't want the employee obligations. Absolutely he will not want any dealings with a union. Why would he?
Since NOW is published monthly, there's no point at all in adding it to the Post City stable. Georgia Straight is another matter. The Straight's content is so bland and vanilla these days, it is unrecognizable as the Straight. However, if someone such as Lorne wanted an outpost in Vancouver, as an excuse to write off business travel, and wanted to lay claim to this historic brand, it might be worth no more than $30-50k at a fire sale. NOW, alas, is another matter.
Tigers22 wrote: There is still life in print. The Post City papers seem to do well. They're chock full of ads. But they have a large ad sales team to fuel it. NOW seems to have one person who does everything. At a weekly!
Now's best hope is an outfit like that — but can they afford Now's employee obligations? Do they want a union?
I miss the olden days of magazines being run by bratty scions of wealthy families. They threw the best parties — for literally any reason. For the price of a monkey NFT you could have a weekly paper and an excuse to meet every and any celeb that sets foot in the city, and a real job you can point to. Seems like a no-brainer to me.