Media - Print

The US economic crisis is beginning to hit its newspaper industry. After 17 back-to-back quarters of ballooning growth, online revenue at newspaper sites is falling, the New York Times has reported. In the second quarter this year, it was down 2.4 per cent compared with last year, to $777 million, according to the Newspaper Association of America (NAA). It was the only year-over-year drop since...

The New York Sun, a newspaper founded as an alternative to the New York Times, was shut down on Tuesday for its failure to raise enough capital. Founder Seth Lipsky was reported saying that a search for new financial supporters had failed, although the initial backers were willing to pay extra if partners could be found. Trying to raise capital had been extremely difficult for them, and it led to...

The Delaware Valley News will print its final edition this week after serving 10 New Jersey and Pennsylvania towns along the banks of the Delaware River for nearly 130 years, the mycentraljersey.com website has reported. The weekly newspaper's four staffers were notified of the shutdown on Monday as they continued to produce the paper's last issue, which is scheduled to hit newsstands Thursday...

The Novato Advance, a weekly newspaper in Marin County, Novato, California, will cease publication after 86 years, citing declining advertising revenues and higher expenses, the Associated Press (AP) has reported. The newspaper announced Wednesday that it would publish its last issue on September 24. The paper, which has a circulation of about 10,500 and employs 18 people, has not been profitable...

Google has stepped up efforts to digitise dozens of historical newspapers and make scanned images of the original papers available online, the Internet search leader said on Monday, according to a Reuters report. Some details: In a blog post on the Silicon Valley-based company's website, Google said it is looking to make old newspapers searchable online by partnering with newspaper publishers to...

The editor of the New York Sun, a small five-day-a-week newspaper that professes to offer "an alternative" to the New York Times, said Wednesday the paper may close at the end of September if it doesn't receive new backing, Canadian Press (CA) has reported. The Sun was founded in October 2001 and began publishing daily in April 2002. Some details from the CA report: The Sun "has yet to achieve its...

Newsprint producers are feeling the heat of a 30-40 per cent increase in the waste newspaper prices over the first quarter, says a report in Business Standard. “We were buying waste newspaper at Rs 7,000-8,000 a tonne in the previous quarter. Now, we pay Rs 11,000-12,000 a tonne. This has an impact of about Rs 5,400 on every tonne of newsprint made as 1.35 tonne waste paper is required to produce...

The Indian Newspaper Society (INS) has asked its members to reduce use of newsprint by at least 20 per cent in their publications in order to meet the challenges of "extraordinary and uncalled for" rise in indigenous newsprint prices, the Press Trust of India (PTI) has reported. In an advisory to INS members, its President Bahubali Shah said the only way to curb the tendency towards cartelisation...

An associate of Kotak Mahindra Group has bought 27.76 per cent stake in publisher Business Standard Ltd that was held by Great Eastern Shipping Co Ltd, the publisher said at the weekend, according to Reuters. Infina Finance Pvt Ltd, an associate of Kotak Mahindra Group, which controls Kotak Mahindra Bank, which bought the holding did not disclose financial details. The Mint newspaper on Monday...

Los Angeles Times Publisher David Hiller and Chicago Tribune Editor-in-Chief Ann Marie Lipinski have resigned, seven months after real-estate billionaire Sam Zell completed his buyout of the company, says a Bloomberg News report. A successor to Hiller is expected to be named by late September, Tribune Chief Operating Officer Randy Michaels said on July 14 in a memo to employees. Lipinski became...