(cont'd from above)
"We’ll have to wait until they print their whole run—first, second, third and final editions—before we can print ours. Then we’ll wait while their people insert their circulars first in the Eagle and the bundles are tied before we can put a single plate on the press,” said Hanover.
While the arrangement is not perfect, Hanover sees no other manageable solution until he meets with his board of directors to map out a rebuilding plan.
The TMT press facility was built two years ago at a cost of $150 million-- after a $50 million grant, which was funded by the city as part of its “Southern Docks Revitalization Project.”
“The Metrocity Times really took a risk building in this location” said Hanover. “But we thought it was well worth it. Not only would it help the community, but it would also provide a good location for the printing press.”
Three years ago, Mayor Tad Walters’s plan for the revitalization of the Southern Docks was heralded by business and community leaders as a step in the right direction. Even his opponents grudgingly conceded that the plan was a necessary step for the city.
After TMT opened its plant, transferring over 300 jobs to the area, corporate America began seriously considering the area for development.
In a prepared statement issued through his press office, the mayor said, “We offer our condolences to the staff of The Metrocity Times. But the city believes that if anyone can overcome such a devastating setback, “Bull” Hanover is the man to do it. Despite this delay, the city still believes in the goals of The Southern Docks Revitalization Project. We invite and encourage TMT to continue playing a large role in its future.”
What that role will be is up in the air for The Metrocity Times. The fire not only destroyed the building, it also consumed thousands of pounds of paper stored in the plant.
The fire also impacted the TMT’s commercial printing business. TMT printed everything from community weekly newspapers to telephone directories for the state university system. All of those contracts have been impacted by the fire. Customers have been informed they should make alternative arrangements for their printing needs.
To date, more than 50% of the TMT’s annual profit comes from these private printing jobs.
Hanover said, “Though the current outlook may look dire, the Times has made it through tougher situations before and will continue to do so.”
The publisher added, “We thank our readers for their patience and ask them to look for what the Times will do next.”
Only time will tell what will happen next.
Since last week’s fire devastated The Metrocity Times printing facility, the question hangs in the air, “What will be the next step for the TMT?”
For the foreseeable future, TMT will be printed on the Metro City Eagle presses, a major competitor for this paper, said TMT owner and publisher Robert “Bull” Hanover.
Given his nickname because of the way he mercilessly deals with his business investments and refuses to take any “bull” from anyone, Hanover was very candid about the situation.
“Look, obviously we don’t want to be printing at one of our competitor’s facilities."