Time passes all too quickly for those of us who have passed the middle years.
Most of the time I love my life. Today I realized it is time to create a succession plan for my newspaper.
It’s something I’ve known I needed to do for about 10 years. And there were times in those 10 years when I thought I had a plan in place.
Over the years one of the plans I’ve toyed with is the creation of a non-profit group to take control when I retire. There are two newspapers in the United States that use this model. One is The Day in Connecticut. That paper, a daily, has succeeded with the model for more than 100 years.
It’s something to think about.
Another possibility is for me to search out a buyer who would want to take control of the paper. Over the years I’ve had a few offers but they were from major chains. I hope the paper can remain independent and totally local.