MGM Mirage CEO says journalism facing reinvention

10.09.2008, Lesen Sie hier den Bericht über «MGM Mirage CEO says journalism facing reinvention».

LAS VEGAS - The chief executive of the world's second-largest casino company told newspaper editors that he wished them the best in embracing change in the journalism industry, and said Las Vegas casinos have required reinvention to remain profitable.

MGM Mirage Inc. (nyse: MGM - news - people ) Chief Executive Terry Lanni on Monday quoted others to offer insights on responding to change and to lightly connect journalism's current challenges with the transformation of Las Vegas - from a gambling- only town to a resort destination with many other amenities.

His audience, 165 newspaper editors attending the Associated Press Managing Editors conference, was starting a four-day meeting to discuss issues facing their struggling industry.

"Suffering through the turmoil of change is never easy. But as (then) U.S. Army chief of staff Gen. Eric Shinseki said, 'If you don't like change, you're going to like irrelevance even less,'" Lanni said in prepared remarks provided to The Associated Press. "I submit the tasks before you may seem almost as daunting as the general's, but it's fair to say he was probably dealing with a larger budget than you are."

Shinseki's quote came while speaking of reshaping the Army to respond more quickly to threats.

APME is an organization of editors of newspapers served by the AP. Founded in 1846, the AP is the world's oldest and largest newsgathering organization, with 243 bureaus in 97 countries. It is owned by its 1,500 U.S. daily newspaper members, which elect a board of directors to help lead the cooperative.

APME president David Ledford, editor of The News Journal of Wilmington, Del., said the goal of the conference is to give editors of the nation's newspapers ideas to take back to their newsrooms and experiment with, giving consumers something that is both useful and appealing.

"We're not fighting for an old business model," Ledford said. "We're fighting for storytelling and watchdog journalism."

Topics for the conference included managing niche and online publications, building communities of readers through the Web and other Internet tools, and the ethics of multimedia. Also expected is a discussion of AP's new pricing plan approved last year.

The new plan is centered on offering a core service of all national, state and international breaking news, with options for adding other services or purchasing stories individually, instead of providing news feeds defined largely by the volume of news delivered - large, medium or small. The plan was approved by the board in October.

APA / Forbes.com

Über MGM Resorts International Operations, Inc.:

MGM Resorts International (NYSE: MGM) ist ein globales Unterhaltungsunternehmen des S&P 500 mit nationalen und internationalen Standorten, das erstklassige Hotels und Casinos, hochmoderne Tagungs- und Konferenzräume, unglaubliche Live- und Theaterunterhaltungserlebnisse bietet und eine umfangreiche Auswahl an Restaurants, Nachtleben und Einzelhandelsangeboten.

Das MGM Resorts-Portfolio umfasst 29 einzigartige Hotel- und Destination-Gaming- Angebote, darunter einige der bekanntesten Resort-Marken der Branche.

Wir betreiben ein Portfolio von Resorts in Las Vegas, darunter Bellagio, MGM Grand, Mandalay Bay und The Mirage, The Signature, Excalibur, Luxor, New York-New York, Park MGM und weitere. In Las Vegas haben wir auch eine bedeutende Beteiligung an CityCenter, dem legendären Hotel, Kongress-, Einzelhandels- und Restaurantkomplex im Herzen des Las Vegas Strip mit ARIA Resort und Casino und Vdara Hotel und Spa, Crystals Retail und Veer Eigentumswohnungen.

Das Unternehmen expandierte in den USA und auf der ganzen Welt und erwarb kürzlich den Betrieb des Empire City Casino in New York und des Hard Rock Rocksino in Ohio, das in MGM Northfield Park umbenannt wurde.

Im Jahr 2018 eröffneten MGM Resorts MGM Springfield in Massachusetts, MGM COTAI in Macau und das erste Hotel der Marke Bellagio in Shanghai.

Die über 80.000 Mitarbeiter von MGM Resorts weltweit sind stolz darauf, dass ihr Unternehmen als eines der weltweit am meisten bewunderten Unternehmen des FORTUNE Magazine anerkannt wurde.

--- Ende Artikel / Pressemitteilung MGM Mirage CEO says journalism facing reinvention ---


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