Thursday, August 21, 2008

Freedom's Dick Wallace retiring

This may seem a bit like inside baseball, but Dick Wallace, part of the family that owns the Register and Freedom Communications, its parent company, us such a good guy that he's worthy of a bit of celebration. He'll turn 70 in January and he's announced his retirement. It may be, however, that he is taking one for the team, freeing up his salary for other expenses. He'll continue to be involved in Freedom School with Tibor Machan, and is likely to be around the corporate office quite a bit as well. What has endeared him to me, however, is his consistent, persistent and sincere support of freedom principles and his influence in making sure the family continues to make supporting liberty a big part of the corporate mission. That and the fact that along with being a hard-headed manager he has a great sense of humor and a great sense of fun.

As is hardly a secret, the newspaper business is still in serious trouble. Terry Horne, the new publisher at the Register, has pretty solid plans for dealing with the situation, but a whole lot -- death of department stores, Craigslist and Monster.com taking away classified advertising, other Internet news sites, young people not buying newspapers -- is beyond our control. We're working on Web-first reporting and commentary. The strategy of zoned editions, to attract local businesses not interested in the full run of the paper, is starting to show results, but we're a long way from being out of the woods.

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