The Honolulu Star-Bulletin has agreed to purchase its rival, the Honolulu Advertiser, it announced Thursday. The papers will likely merge operations, making Honolulu the latest city to have just one newspaper. According to an article in the Star-Bulletin:
“The sale will lead to layoffs when and if the papers are combined, although the number of layoffs has not been determined. The Advertiser has about 600 employees, with 120 people in the newsroom. The Star-Bulletin and MidWeek have about 300 employees with about 75 in the newsroom.”
Interesting, isn’t it, that the “smaller” paper is buying the bigger one. The problem facing the Honolulu papers is the same one facing all media – the downturn in advertising in the traditional media space. (via @Newsosaur)
