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Business

Tribune‘s Monied Backers Watching, Waiting

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Remember that new DFW newspaper that Tim wrote about last month? Seems the guy behind the fledgling Dallas-Fort Worth Tribune, New York state-based Scott Reddick, held a three-hour info session for about 20 prospective employees at a Hyatt in Grapevine yesterday.

A prototype of the online paper (using AP stories) is now up, one of the people who attended reports, and Reddick said he hopes to open offices in Dallas and Fort Worth by July 4. He also has “offers in” to three to five editors, and is prepared to pay his reporters about $50,000 annually.

What about the rumors that he’s a Tea Party-type pushing a propaganda product? “I’m a conservative,” Reddick said, “but I don’t see things in black and white.” So where’s the start-up dough coming from? Said Reddick: “I have people who have money watching to see what happens.”

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