Frank works for the Washington Post. He is a good man. He is my friend on Facebook too.
Frank works for the Washington Post. He is a good man. He is my friend on Facebook too. But Frank, you still don’t get it. And it seems your skin is a little thin, huh? It was a lockout NOT a strike. The owners locked out the players. They are now our partners. We got our economic model right-sized. Something newspaper will have to do as you have been doing on an annual basis. Layoffs. Cost cuts. Buyouts. Sound familiar? The NHL has now had three straight years of revenue, attendance and ratings growth. Our key employees - the players - have seen the salary cap grow from $39 million to perhaps $54 million per team next year. What kind of salary increases are you seeing? The employees receive almost 55 percent of every revenue dollar. As we grow so does the salary cap. NHL franchise values are up a lot. Most newspaper stocks are way down with frustrated shareholders fighting to take over the companies to reinvent them. Odd as it sounds, the NHL is considered a growth stock by the banking community. They don’t see newspapers in that same light. And yes, the Washington Post is always telling us how to run our franchises. That is your job but it should be OK for me to opine on your business too. I am a blogger and that is why blogs are made. If you don’t understand my blog post and suggestions, you know what they say, "If you don’t get it, you don’t get it."
