AT A CROSSROADS
The New Republic magazine,
newly sold to Facebook alum,
also to continue print format
By Alan Z. Forman
As pundits everywhere decry the decline of so-called legacy journalism in America -- and predict its inevitable demise -- a Baltimore business publication is proving the prognosticators wrong and the prophecy premature.
Declaring every intention of continuing "to put out a print edition," the president and publisher of the Baltimore Business Journal, one of 41 weekly newspapers owned by American City Business Journals Inc., told a large gathering of businessmen and women at week's end that the BBJ is not only turning a healthy profit but has seen a dramatic increase in revenues over the past several years....
However the BBJ is not unique in its belief that print-edition newspapers are far from dead. On Friday, a co-founder of Facebook and former Harvard roommate of the social networking giant's 27-year-old CEO Mark Zuckerberg -- who has just taken Facebook public -- announced he would become the majority owner of the venerable New Republic magazine and immediately assume chores as publisher and editor-in-chief. ............
READ THE FULL STORY AT VOICE OF BALTIMORE -- http://voiceofbaltimore.org/archives/3492 -- AND THEN READ VoB'S WEEKEND STORY -- AT http://voiceofbaltimore.org/archives/3449 -- ON THE CONSTELLATION ENERGY/EXELON MERGER SET TO OCCUR TODAY (MONDAY):
FORTUNE 500 NO MORE -- Baltimore loses largest company; up to 600 jobs could be eliminated
CONSTELLATION ENERGY MERGER
INTO EXELON CORP. DUE MONDAY
Massive merged energy provider
scheduled to leave downtown
for bakery magnate Paterakis'
27-acre Harbor Point complex
Baltimore stands to lose up to 600 jobs, many of them high-paying, along with its last Fortune 500 company when Exelon Corp. takes over Constellation Energy Group Monday morning.
On Friday, federal regulators gave final approval to the acquisition, which sets a new standard for so-called "cross-border" utility mergers around the United States. ............