Readers of the Las Vegas Review-Journal opened their paper a week ago on August 30 to see this prominent headline in the lead upper-right corner of the front page: “Why we want to stop printing the Sun.”
The daily RJ is owned by casino tycoon and conservative Republican mega-donor Sheldon Adelson. The Las Vegas Sun, distributed as a skinny one-section ad-free insert in the RJ, has been owned since its founding in 1950 by the more liberal Greenspun family. Its founding patriarch, Hank Greenspun, had been a publicist for a mob-run casino as well as a convicted gunrunner (later pardoned by President John F. Kennedy). Since 1989 the papers have been in a joint operation agreement, sanctioned by a federal law that allows immunity from antitrust laws so long as one paper was in danger of failing (here, the Sun) and editorial operations remain independent. The Las Vegas JOA is scheduled to run until 2040.
The editorial–that’s what it was labeled–asserted that what was called the Sun‘s failure to produce a “high-quality metropolitan print newspaper” breached the JOA agreement, entitling the RJ to end the agreement. “The Sun would be free to have someone else print, sell and distribute their newspaper, if they wish,” the editorial asserted. That’s a facetious contention in my judgment since dissolution of a JOA almost always results in the demise of the weaker product, which the Sun surely is. In the past 40 years, all but five of the 30 or so JOAs around the country have collapsed, leaving a single paper in each remaining. And generally those survivors today are in worse shape than ever before.
A JOA is best understood as a stay of execution for the ailing partner. Or, using in this situation a Darwinian example, in a battle between two scorpions in a bottle, only one will survive–assuming the bottle doesn’t sink in water and also kill the victor. Continue readingShare on Facebook