Participants have long described the Family Owners and Next Generation Leadership conference as valuable. At next month’s meeting in San Diego, family owners will focus on values as well.
The working sessions will kick off Saturday, Feb. 25 in the Manchester Grand Hyatt with a brief discussion of the four or five topics that will be tackled during the separate meetings for the “incumbent” generation of current owners and the “successor” next generation.
After the separate two-hour meetings among themselves, the generations will regroup after lunch to talk together about the general outcome of their talks.
In between those meetings that inevitably touch on family values, there will be a general session on value—specifically the value of family newspapers.
The session—entitled “Is there any value left in (my) newspaper"—will bring together newspaper mergers and acquisitions professionals who will share their observations of the market for newspaper property, the valuations papers are fetching nowadays, the sorts of buyers and sellers who are coming into the market, and the financing options available.
In a separate session, Cameron Nutting Williams, director of strategic initiatives for The Nutting Company, will talk about the value and best management practices of the real estate that newspapers own. In addition to The Nutting Company’s Ogden Newspapers, her responsibilities include the company’s resort properties.
Policy values will arise during a discussion of the recent repeal of the FCC’s cross-ownership rule—a change the newspaper industry has long sought and that opens opportunities in more markets. Broadcast brokers and experts will guide a discussion of the ramifications of appeal for newspapers and other legacy media.
Ownership forms will also arise during the meeting when Bob Woodward, director and vice president/strategic planning and business development, talks about Woodward Communications’ experience with its Employee Stock Ownership Plan. Through the ESOP, some 500 employees form the majority ownership of the Dubuque, Iowa-based company.