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The number of joint operating agreements, as well as the number of evening-published daily newspapers, has declined considerably in recent years, due to the ongoing consolidation of the newspaper industry as a whole, and the decline in readership and interest in evening newspapers in particular, which many observers have attributed to ...
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An operating agreement is a key document used by limited liability companies (LLCs) to outline the business' financial and functional decisions including rules, regulations and provisions. The purpose of the document is to govern the internal operations of the business in a way that suits the specific needs of the business owners, called "members".
The Seattle Times Company, while owning and operating the Times, also owns three other papers in Washington, and formerly owned several newspapers in Maine that were later sold to MaineToday Media. [ 8 ] [ 9 ] The McClatchy Company owns 49.5% of voting common stock in the Seattle Times Company, formerly held by Knight Ridder until 2006.
The Dispatch Printing Co. and Scripps-Howard, as the Scripps company was known in the mid-1980s, blamed each other for the demise of the Citizen-Journal.. Under the 26-year joint operating agreement that the two companies had signed in 1959, both papers were printed on the Dispatch Printing Co. printing presses.
In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).