“The malign genius of the private equity business model, of which more in a moment, is that it allows the absentee owner to drive a paper into the ground, but extract exorbitant profits along the way from management fees, dividends, and tax breaks. By the time the paper is a hollow shell, the private equity company can exit and move on, having more than made back its investment. Whether private equity is contained and driven from ownership of newspapers could well determine whether local newspapers as priceless civic resources survive to make it across the digital divide.”
Tag: 12.27.17
Growing Concern From Movie Theatres About MoviePass
The blistering growth has prompted new criticism from theaters and studio owners — namely that MoviePass will never be able to make money by charging $9.95 a month when a single ticket can cost almost twice that amount. They say that will cause MoviePass to either raise prices or go out of business, disappointing audiences and ultimately hurting the fragile multiplex business.
Rescue-Takeover Plan For San Antonio Symphony Collapses
“The group of donors set to take over operations of the San Antonio symphony has backed out of the deal after discovering a potential $8.9 million pension liability, leaving the future of the orchestra in doubt. … The Symphony Society of San Antonio has been running the orchestra since 1939 and was supposed to relinquish control to the new group earlier this year.”
The Year’s Top Ten Battlefronts In The Culture Wars
“Here’s a selective, not-so-nostalgic look back at some of the fiercest fights from a year when just about every cultural event and artifact became an arena for asking not just ‘Which side are you on?’ but ‘Do you really have my back?'”
Guerrilla Penis Mural Appears In Manhattan’s Chinatown On Christmas Eve
“The painting, on an apartment building on Broome Street in the Lower East Side, was commissioned by a local street art foundation and made by a Swedish artist, Carolina Falkholt, as a companion to a similarly vast if more abstract vagina, further east on Pike Street.” The landlord has now had it painted over.
Top Posts From AJBlogs 12.27.17
The Year in CultureGrrl: Kicking the “*!%&@” Out of Plan B (for “Blog”)
Once again, art-lings, allow me to offer you my Best Wishes for an Art-Full New Year, along with CultureGrrl’s Top 20 Stories for 2017, in chronological order, with an emphasis on the controversies that we’ve been following and exhibitions that caught my eye. … read more
AJBlog: CultureGrrl Published 2017-12-27
A Book That Brings Her Back Alive
Mary Beach’s Electric Bananas, the brilliant posthumous collection put together by her daughter Pam Plymell, uncovers a writer who has the kind of … read more
AJBlog: Straight|Up Published 2017-12-27
Credo
I’m not nearly as good as I should be about answering my reader mail, especially during stretches of time when my life becomes more complicated than usual. So I spent an hour on Christmas afternoon … read more
AJBlog: About Last Night Published 2017-12-27
Has The Tide Turned On Fortunes For Britain’s Independent Bookstores?
According to new figures from the Booksellers Association, in 2017 the number of independent bookshops in the UK and Ireland grew, rather than shrank, for the first time since 1995. The growth is minuscule – this year, the total number of independent bookshops in the UK and Ireland increased to 868 stores, up one on 2016 – but the BA believes that independent booksellers’ “fortunes are reversing”, ending the yearly decline recorded since 1995, when numbers stood at 1,894.
Why Were This Year’s Pop Music Charts So Scrambled?
“The most obvious explanation was that the newfound dominance of digital streaming scrambled the entrenched hierarchies, elevating voices that had long puzzled or offended gatekeepers. With physical and digital album sales as well as track downloads all in free fall, and hip-hop and R&B setting the pace for streaming, major labels and major stars alike were often left scrambling to earn the honors that once came so easily. Because the rules and norms of this era are still coalescing, the systems could also be gamed and manipulated.”
How Gender-Swapping Is Improving Our Appreciation Of Shakespeare
“We are going to be interested in the dynamic changes in how a play resonates by having this kind of diversity in the casting; we’re going to find there are more flavours, more experience.”
The Role Words Play In Our Brains
“Words are really not so different from sofas and armchairs. They are external objects that do things in the world and, like other objects, they produce effects in our brains and thus eventually, through us, in the world. The only real difference is that, when it comes to what we call thinking, words are an awful lot easier to juggle around and rearrange than bits of furniture.”