The chief executive of the world’s second-largest casino company told newspaper editors Monday that he wished them the best in embracing change in the journalism industry and said Las Vegas casinos have required reinvention to remain profitable.
MGM Mirage chief executive Terry Lanni quoted others to offer insights on responding to change and to lightly connect journalism’s current challenges with the transformation of Las Vegas — from a gambling-only town to a resort destination with many other amenities.
His audience, 165 newspaper editors attending the Associated Press Managing Editors conference, was starting a four-day meeting to discuss issues facing their industry.
“Suffering through the turmoil of change is never easy. But as (then) U.S. Army chief of staff Gen. Eric Shinseki said, ‘If you don’t like change, you’re going to like irrelevance even less,’ ” Lanni said in prepared remarks provided to The Associated Press.
Founded in 1846, the AP is the world’s oldest and largest newsgathering organization, with 243 bureaus in 97 countries. It is owned by its 1,500 U.S. daily newspaper members.
APME president David Ledford, editor of The News Journal of Wilmington, Del., said the goal of the conference is to give editors of the nation’s newspapers ideas to take back to their newsrooms and experiment with, giving consumers something that is both useful and appealing.
“We’re not fighting for an old business model,” he said. “We’re fighting for storytelling and watchdog journalism.”
Topics for the conference included managing niche and online publications, building communities of readers through the Web and other Internet tools, and the ethics of multimedia.