Published by:
Harvard Business Publishing
Length: 6 pages
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Abstract
The boardmembers of Minute Publishing must decide the fate of the company''s three-year-old national newspaper, America Today. They can either follow the advice of CEO Neil Harcum, who implores them to continue the paper''s publication, or CFO Peter Rawson, who wants to shut down the presses. Both sides have convincing arguments. Harcum has a proven track record of making newspapers profitable. He argues that Minute "cannot allow the beancounters to set policy." Rawson, on the other hand, explains that America Today is losing $100 million a year and has broken Minute''s 20-year string of earning gains. In making its decision, Minute''s board will also be choosing a new CEO. Harcum is retiring at the end of the year and doesn''t want Rawson to take his place.
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Abstract
The boardmembers of Minute Publishing must decide the fate of the company''s three-year-old national newspaper, America Today. They can either follow the advice of CEO Neil Harcum, who implores them to continue the paper''s publication, or CFO Peter Rawson, who wants to shut down the presses. Both sides have convincing arguments. Harcum has a proven track record of making newspapers profitable. He argues that Minute "cannot allow the beancounters to set policy." Rawson, on the other hand, explains that America Today is losing $100 million a year and has broken Minute''s 20-year string of earning gains. In making its decision, Minute''s board will also be choosing a new CEO. Harcum is retiring at the end of the year and doesn''t want Rawson to take his place.