Cox Communications announced today that it’s selling newspapers in Colorado, Texas and North Carolina. Among them is the Austin American-Statesman, which has been around in some form since 1871. Cox is keeping the AJC, as well as its other larger newspapers in Dayton and West Palm Beach. It’s no surprise that the tumult within the AJC would reverberate through the Cox empire. As the clouds of doom coalesce, you gotta wonder how long WSB TV and radio will remain largely unscathed.
Amusingly, Cox also announced it will sell Valpak, an obnoxious direct-mail advertising enterprise that needs to disappear asap.
The AJC story makes a point of noting that 80 percent of Cox’s revenue comes from sources outside the troubled radio, TV and newspaper industries. Cox Cable is huge. It also owns something called Manheim, described an an automotive auction house. Apparently, it does ‘way better than its media holdings.
This may be the time to throw this out there: Recently, the AJC dismissed three of its editors. This week, Mostly Media reported that the editors were released after they dopily gathered and retained evidence of a trip to a strip club called the Pink Pony. Memo to journalists with camera-equipped company cell phones: Don’t. Just– don’t.