I have nothing other than coincidence to go on, though, as Strib reporter Jennifer Bjorhus noted last week in a story on the paper’s bankruptcy hearing:
A candidate for publisher has been identified and is expected to be announced in a few days, the judge was told. Marshall Huebner, the newspaper’s bankruptcy attorney at Davis Polk & Wardwell, said in an interview that the steering committee of the lenders who will own 95 percent of the company when it emerges, is still negotiating with a top choice who is employed elsewhere.
As long as I’m in the speculation zone, I’d note Newday, based on Long Island, is pretty close to the nexus of Strib creditor-owners in New York.
Newsday has been, to say the least, an interesting place. It was purchased by the Cablevision conglomerate and its website radically redesigned to resemble a Facebook page. Ownership has produced no shortage of drama. As the Times puts it:
Earlier this year, Mr. Knight was involved in a confrontation between Cablevision executives who were unhappy with reporting in Newsday — particularly on the New York Knicks, also owned by Cablevision — and the paper’s top editors. The incident has never been explained by those involved, but for a few days the top editors did not report to work and much of their staff believed they had quit or had been fired, though they did return to their jobs.
As Newsday itself notes, the paper had an operating loss of $2.6 million in the second quarter, not exactly something you’d want to highlight on a resume, but with bosses like those …