11/6/2023 0 Comments Press telegram![]() I don’t think it’ll be like the Orange County Weekly. When asked if he’ll be able to get away with using four-letter words, he replied, “I haven’t tested that yet. “We’ll have a calendar and cover food and entertainment as well as hard news.” We’ll have some young people joining us in addition to people not quite as old as me, but experienced people,” he said, chuckling. “I’ll be writing columns and editing, and mentoring after a fashion. SCNG stands for Southern California News Group, a group of papers within Digital First Media that include the Press-Telegram, The Daily Breeze, the Orange County Register and others. There are going to be some other people from SCNG, some other papers,” he said. “There’s going to be Press-Telegram people there. The new publication, which according to Grobaty may be solely online, will likely have about 12 people on staff to begin with. I was thinking about retiring.” When this new opportunity came up, he jumped at it. Three reporters and a columnist were hardly the resources necessary to cover a city of 470,000 people, he said of the state of the Press-Telegram when he left it. And he just goes back and gets more money from us,” he lamented. “The CEO owns a number of Palm Beach mansions and has made some bad investments. “Every penny we were making was going to them,” Grobaty said. Alden is a hedge fund that has been called out in recent months by its own newspapers, such as The Denver Post, for slashing newsrooms and cannibalizing their resources even as they continued to turn profits.Īn article about Alden in The Nation that ran last September was titled, “How Many Palm Beach Mansions Does A Wall Street Tycoon Need?” with the subhead, “As many as destroying American’s hometown newspapers can buy him.” Working at the Press-Telegram under the ownership of parent company Digital First Media was no longer tenable due to that firm’s ownership, Alden Global Capital. “I think we all left for the same reason,” Grobaty said. According to Grobaty, Pacific6, an investment firm that includes former Molina Healthcare CFO John Molina amongst its ranks, asked them to join its latest local venture – a new publication focused solely on Long Beach. The three abandoned ship when opportunity called. When longtime columnist Tim Grobaty and two others, Melissa Evans and Jeremiah Dobruck, left weeks later, somewhere Agatha Christie began humming in her grave, counting down to none. In early May, there were four writers left on staff at the Press-Telegram.
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