NEW YORK It has not been a kind year for the newspaper industry. With costs rising and circulation on the decline, newspaper companies have responded by trimming a considerable portion of their staffs this year. A review of past news reports offers up a startling number: more than 2,000 jobs have been cut from major and mid-sized newspapers over the past year. That figure does not include cuts at...
NEW YORK (AP) -- The newspaper business is getting smaller. On Wednesday, five newspapers owned by Tribune Co. announced job cuts, but they're hardly alone. In recent weeks, no fewer than nine other well-known newspapers all announced cuts in payrolls or other expenses. What's happening? Here are some questions and answers about the challenges facing the U.S. newspaper business. Q. I keep hearing...
The American Press Institute (API) has announced an ambitious year-long project to conceive and test new business models to help newspapers thrive in the next decade. "Newspaper Next: The Transformation Project" will explore the trends disrupting the newspaper industry and develop practical business initiatives newspapers can adopt. API will be investing $2 million in this project, which is the...
Brian Roberts, chief executive of the biggest cable operator in the US, recently quipped that Comcast Corp's shares could be picked up in a "going-out-of- business sale" in the stock market. In the two months since then, Comcast's stock price has fallen further, despite growth in revenues and profits. Comcast is no exception. Shares of media and communications companies have been underperforming...
Making the most of digital broadband interactivity requires an understanding of new consumer behavior and preferences that already are challenging media's major players and much of the industry's conventional wisdom. The traditional consumer demographics that have defined success in the television, film and print media businesses are but a starting point in a new era in which respecting the deeper...
It has become a staple of Sunday newspapers, television talk shows, and late-night news programs: the cautionary tale about the Internet turning America's youth into a generation of socially inept zombies, plugged in but tuned out, incapable of any conversation longer than an instant message, and headed for a sedentary life of weight gain, eye strain, and information overload. But if anyone is in...
NEW YORK: Gannet reported today that newspaper advertising revenue for October grew 0.6% compared to the same period last year. Local and classified advertising revenue was flat on a 3.5% and 4.0% decline on ROP volume respectively. For the local category, the company's small and medium-sized advertisers in its domestic newspapers outpaced the revenue performance of its largest advertisers. In the...
Media giant News Corp has posted a quarterly net loss on a large accounting charge but beat analyst forecasts as operating profit rose 20 per cent on advertising gains at its cable networks and revenues at its 20th Century Fox film studio. News Corp on Thursday reported a fiscal first-quarter net loss of $433 million compared to a net profit of $625 million in the same period last year. Revenue...
Profits at the Telegraph group fell 11% last year despite increased sales, as the newspaper group spent more on marketing to compete against the Times. In accounts filed at Companies House which are not yet available, the group reveals it made an operating profit of £31.5m on sales of £313m. This compares with the previous year's profit of £35.7m on sales of £305m. The company, which was bought...
The head of the Chinese Internet company that has acquired Yahoo's China operations has defended the US portal's decision to help communist authorities track down and prosecute dissident journalist Shi Tao, the Financial Times has reported. Yahoo has been widely condemned for assisting the case against Shi Tao, who was jailed for 10 years in April this year for revealing information about...
