Word: joa
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...conservative Globe-Democrat owned by the giant (27 dailies) Newhouse chain and the liberal Post-Dispatch flagship of the Pulitzer group, are editorially separate. But they share advertising, circulation and business staffs under one of 24 newspaper joint operating agreements (JOA) approved by the U.S. Department of Justice. The papers also pool their profits except that there have been no profits for four of the past five years. Moreover Newhouse executives saw little prospect of improvement, and even less that the community-minded Pulitzer family would close the Post-Dispatch...
...under the terms of the JOA, if either paper were to shut down, its owners would share profits for 50 years in the surviving daily, a potentially lucrative monopoly Last summer, after negotiations, the Newhouse and Pulitzer interests applied secretly for Justice Department approval of a collaborative shutdown of the Globe-Democrat. They won it last week...