Arkansas: Stephens

November 10, 2009 - 01:58 pm
NEWS FEED: Arkansas Times

Honoring veterans

Newspaper articles about military heroism are good things. Better still would be to be sure all vets had health care. Publisher Stephens, can we get your support for universal health care legislation to prevent the likes of this?

On the eve of Veterans Day, a team of researchers from Harvard Medical School has released a study finding that an estimated 2,266 veterans under the age of 65 died last year because they did not have health insurance. That “translates to six preventable deaths per day” and more than twice the number killed in Afghanistan since the war began in 2001.

Being uninsured raises a person’s odds of dying by 40 percent.

November 1, 2009 - 10:26 am
NEWS FEED: Arkansas Times

GOP brothers at war

Frank Rich has a pretty good summary of the fratricidal GOP battle for an upstate New York congressional seat. Already, a solid Republican has been driven out of the race by  a torrent of attacks from the Club for Growth/Beck/Palin conservative candidate.

I should add that the conservative is the chosen candidate of Jackson T. Stephens Jr. of Little Rock, a Club for Growth moneybags. Stephens may buy himself a seat in upstate New York. If he does, it won't be of much help to locals, not that Jacko cares. The candidate is a carpetbagger who doesn't live in the district and knows next to nothing about it. But he's solid on the starve-government orthodoxy of his patrons.

October 31, 2009 - 10:06 am
NEWS FEED: Arkansas Times

A thousand cuts

Well, not really.  Sam Eifling reports that a couple of high-profile firms have dropped communication staffers.  Acxiom made an undetermined number of cuts and CJRW let two people go from their Dallas operation.  But another column by Eifling notes a peculiarity in the thought-to-be improved circulation numbers for the Las Vegas Review Journal, a Stephens-owned paper.  In the latest Audit Bureau of Circulations report, the paper actually gained 6.56 percent, a pretty rare accomplishment.  However:

Steve Coffeen, Stephens' director of corporate circulation, told Editor & Publisher that the Review-Journal actually shed subscribers, and that the increase owes to revised ABC accounting rules that now count the 20,000 or so paid subscribers to the electronic edition. Suddenly a circulation jump of 10,830 feels less like a triumph and more like that old sinking sensation.

October 29, 2009 - 09:28 am
NEWS FEED: Arkansas Times

Uncommon cents

The opposite of progressive is regressive, right? So the Jackson (Steve) Stephens-engineered ad that paints a New York Republican candidate as "progressive" -- pro-gay, pro-stimulus -- in order to cost the candidate votes says a lot about today's ultra right. They like dirty tricks, and their politics are backwards.

Here's the story reported on several blogs, including Politico: An organization called Common Sense in America, headed by Stephens, is running TV ads in New York that appear to endorse Republican Dede Scozzafava for Congress.

“Dede supports President Obama’s efforts to stimulate our economy. Dede supports organized labor’s drive to expand membership. And Dede is the only candidate for Congress who supports marriage equality.

October 20, 2009 - 07:10 am
NEWS FEED: Arkansas Times

Grim newspaper reaper nears in NWA

A correspondent says the interview and reapplication process has begun to determine who'll still be employed after the combination of Hussman and Stephens newspapers in Northwest Arkansas, likely around Nov. 1. Justice Department willing (which it shouldn't be, but ...)

The result will be a vertically integrated near-monopoly of print in Washington and Benton Counties -- daily newspaper, free weekly, Spanish language. But enterprise and the Internet being what they are, there will be alternatives. Newspaper war refugee Chris Spencer is, for example, already up and running with the locally oriented Ozarks Unbound, an on-line publication. When I went to get a link, I found that he has already been at work monitoring progress of the newspaper combine.

September 19, 2009 - 04:34 pm
NEWS FEED: Arkansas Times

Osborne pleased with verdict

I got a comment from Tre Kitchens, one of Jennings Osborne's attorney in his lawsuit over the amount he'd received in payment for sale of his Arkansas Research Medical Testing Center, primarily to companies controlled by members of Little Rock's wealthy Stephens family.

A jury last night awarded Osborne $3 million against drug researcher ARMTC, but dismissed claims against two Stephens companies that provided most of the money for the purchase of Osborne's company. He got $20 million for the company, plus $1 million in consulting fees and another $3 million as part of what he expected to be a three-year payout of $3 million annually based on profits.

September 18, 2009 - 12:45 pm
NEWS FEED: Arkansas Times

Street of broken dreams

Rusty Matchett, a property owner in the River Market neighborhood, confirms a tip I'd received that opposition was continuing to the effort to rename Third Street east of Main to River Market Avenue.

Matchett says some 100 property owners, vendors and merchants along President Clinton Avenue and nearby have signed a petition opposing the change, which has won Little Rock Planning Commission approval and awaits City Board action.

Matchett's point: There's no river or market along Third and the name change is confusing. (There's fear, too, that it will detract from those along the street that is home to the namesake River Market building.)  Matchett's group will meet Monday with those backing the change.

September 4, 2009 - 09:22 am
NEWS FEED: Arkansas Times

The combined NWA newspapers

Coverage of the end of the Northwest Arkansas newspaper war in the affected newspapers didn't advance the story much beyond stories linked here yesterday.

Among the questions virtuallly unmentioned and not yet answered: The future of the affected weekly newspapers free and paid; of redundant printing plants; redundant ad and circulation employees; redundant editorial and technical employees; related, but independent operations elsewhere (such as the significant Stephens Media bureau in Little Rock that provided beefed up state coverage to enhance the Springdale newspaper in the now-ending war); what local competitors might think about the new might of a single owner of virtually all weekly and daily newspaper publication in Washington and Benton Counties.

September 3, 2009 - 11:47 pm
NEWS FEED: Arkansas Times

Newspaper biz: Then and now

It's just inside newspaper baseball, but I came across a 1995 article recounting the lawsuit in which the Walton family, with supporting fire from Democrat-Gazette publisher Walter Hussman, successfully fought the Stephens family's effort to dominate daily newspaper circulation in Northwest Arkansas by buying the Fayetteville newspaper to join its Morning News in Springdale.

Kind of interesting in light of current events.

September 3, 2009 - 11:49 am
NEWS FEED: Arkansas Times

One-newspaper town

Big newspaper news breaking at Arkansas Business.

AB is reporting that the competing Hussman and Stephens news operations in Northwest Arkansas will merge. That's the Stephens' flagship at top. At bottom is one of the local papers Hussman bought up that he stuffs with a NW Ark. edition of his Democrat-Gazette.

Details currently lacking. But this had to happen. Hussman has been committed to newspapers. The Stephens Inc. people liked newspaper profits back in the day when they reliably coined 30 percent profit margins. But a semi-bloody war and implosion of daily newspaper businesses have made the enterprise somewhat less attractive.

I'm guessing that a "merger of news operations" means lost jobs. We shall see. No word on what it means to other Stephens papers elsewhere in Arkansas.