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.
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