![]() They're not really making new print readers anymore. Newspapers have generally given up on the idea of creating new print readers. Is it just the case that these Gannett newspapers aren't managing to get people who used to subscribe to their print paper to subscribe to their digital product instead?īENTON: Yeah. And today, most people get their news online. It's been on the decline for decades, actually. ![]() That means cutting staff and cutting the quality of their newspapers.įLORIDO: I guess it goes without saying that print circulation of newspapers has plummeted in recent years. And the way that they have been doing that is by cutting costs to the bone. The problem is, as part of the merger, Gannett took on a lot of debt, and they have to pay off that debt. The thought was you could achieve these economies of scale and make a profitable business. You have the page layout and editing done elsewhere. The idea was an individual newspaper might struggle on its own, but if you buy enough of them, you can extract as much of the cost of producing the newspaper from the local community as possible. So what's going on here?īENTON: The Gannett that we have now is the result of the merger of two very large companies. I mean, newspaper revenue has been steadily declining over that time but not by that much, not at that rate. Welcome.įLORIDO: Joshua, Gannett had 25,000 employees at the end of 2019, and less than four years later, it has just over 11,000. Joshua Benton has been writing about this for the Nieman Journalism Lab at Harvard, and he joins me now. Since its merge with newspaper company GateHouse Media in 2019, Gannett has closed or sold hundreds of papers and slashed staff by more than half, and that is projected to continue. To register for the presentation, and investors can log in at this link .The country's largest newspaper company, Gannett, is once again forecasting it will sell off more of its daily newspapers. The company said it will host an online conference call on Wednesday, February 22, 2023, at 11.00am ET. Our collective South Texas operations puts us on the path to becoming a leading producer of uranium in the US," noted Paul Goranson, CEO and director of encore. The strong technical team at enCore is excited to get started at Alta Mesa. As we advance towards our Q3/23 production goal at our Rosita ISR Uranium Processing Plant we will commence work at the Alta Mesa Project with plans to restart production in 2024 with installation of a fully permitted wellfield. "With the completion of this transaction enCore is more than doubling our production capacity in South Texas. The facility can reach commercial production levels with limited required capital within an estimated 10 months of a production decision. ![]() Between Alta Mesa, Rosita and Kingsville Dome, all fully licensed for production, enCore's ISR processing facilities have a combined potential processing capacity of 3.6 million pounds of uranium per year.Īlta Mesa is currently on standby and ready to resume production. On behalf of the Board of Directors we extend congratulations to the enCore team for a major achievement," he added.Īlta Mesa includes a fully-licensed and constructed ISR processing facility that has an operating capacity of 1.5 million pounds of uranium per year. We are all looking forward to a dynamic and rewarding 2023. This Texas platform positions the company well for its continued growth not only in Texas, but with planned operations in South Dakota, Wyoming and ultimately New Mexico. “With its more immediate plan of restarting Rosita in later 2023 and greatly expanding its production profile with the start-up of Alta Mesa in early 2024 our goal of becoming a 3 million pound per year domestic producer from a consolidated base of operations within a 100-mile radius of Corpus Christi, Texas is well underway. READ: enCore Energy to acquire Alta Mesa uranium project in South Texas from Energy Fuels for US$120 million Sheriff, the executive chairman of encore said in a statement. ![]() "Alta Mesa is a key acquisition in enCore's development into the dominant ISR uranium producer in the state of Texas,” William M. The transaction provides enCore with three licensed uranium in-situ recovery (ISR) processing plants and positions enCore as a leading US-focused ISR uranium company with proven management expertise to advance multiple production opportunities within its portfolio. EnCore Energy Corp (TSX-V:EU, NYSE-A:EU) said it has completed its acquisition of the Alta Mesa In-Situ Recovery uranium project from Energy Fuels Inc.
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