Transferring the Family Newspaper to the Next Generation

One of the most important decision facing owners of  a family newspaper, as with many closely held concerns, is how to assure its continued existence. A critical question is whether the next generation is prepared to take hold of  the management reins. A transfer of  management responsibility is certainly not an instantaneous occurrence. It must be a gradual process involving the incremental introduction of  different segments of  the operation with concurrent additions to responsibilities over the enterprise.

To continue reading article, click here.