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Posts by Rick Edmonds

About Rick Edmonds

Rick Edmonds is Poynter's media business analyst, co-author of 10 State of the News Media reports, former Tampa Bay Times and Philadelphia Inquirer reporter.
NEWS

Native ads will provide 25 percent of ad revenues by 2018, says media association

Native advertising already accounts for 11 percent of ad revenues at news media companies, according to a new report, and will rise to 25 percent in 2018. The study, done jointly by the International News Media Association and the Native Advertising Institute, is based of a survey of 156 publishers worldwide, most of them at newspaper companies. I'm … Read More
NEWS

Gannett and Tronc shares tank on speculation deal is off

Shares of both Tronc and Gannett fell precipitously today on speculation that negotiations for a Gannett takeover may have collapsed. Bloomberg News reported mid-afternoon that bankers who would have financed the deal have gotten cold feet — figuring both companies are overvalued. Trading of Tronc shares was briefly suspended after that, then resumed. For the day, Tronc closed down … Read More
NEWS

GateHouse owner bucks plummeting revenue trend while Gannett stumbles

On a day Gannett reported worse than expected third quarter results, New Media Investment Group, which operates 121 dailies in the GateHouse chain, had mostly good financial news. The contrasting tale of two companies was reflected in market reaction, with Gannett stock down more than 13 percent in early afternoon trading and New Media up roughly 5 percent. Read More
NEWS

6 reasons why Gannett's plan to buy Tronc still makes sense

With Gannett's third quarter earnings due Thursday, there is at least a chance that its six-month bidding drama to take over Tronc will finally be resolved. The deal still makes all kinds of sense, especially for Tronc shareholders. But I can't help wondering whether Chairman Michael Ferro may be head-faking with all those serious negotiations and still wants to try … Read More
NEWS

Print advertising woes are getting worse

The first half of 2016 was financially bleak for newspaper organizations; the second may be even worse. The same day The Wall Street Journal reported a deep global decline in print advertising, McClatchy led off the third quarter earnings season Wednesday, posting a $9.8 million net loss on revenues of $234.7 million. McClatchy was able to grow digital … Read More
NEWS

An economist makes the case for saving investigative journalism

Stanford professor James T. (Jay) Hamilton is a realist. Expensive and ambitious investigative reporting, Hamilton writes, "is underprovided in the market." Financial pressures have taken thousands of local watchdogs out of the game. Yet Hamilton argues in his bracing new book, "Democracy's Detectives," that hard-nosed application of economic principles supports a guarded optimism about the future of investigative … Read More
NEWS

Newspapers hit with a wave of requests to take down embarrassing archived stories

Legacy news organizations have been trying for more than a decade to crack the code of what to publish digitally, where and when. Now they are fielding a different kind of urgent request from readers — can you "unpublish" that? The cause is obvious — people routinely get Googled by potential employers, dating partners or the just plain curious. That … Read More
NEWS

Pittsburgh Tribune-Review shuts down print edition

The Pittsburgh Tribune-Review announced this morning that it will discontinue its print edition Nov. 30 and become a digital-only publication. That leaves the larger Pittsburgh Post-Gazette the only daily print newspaper in town. The company will lay off 106 full and part-time staff. The Tribune's parent company had already offered more than 400 buyouts as it announced the closing … Read More
NEWS

Consultant Jim Friedlich will direct Philadelphia newspaper nonprofit

After nine months of searching, Philadelphia philanthropist Gerry Lenfest has found someone to lead the nonprofit to which he donated the city's two newspapers. Jim Friedlich, an experienced media consultant and venture capitalist, will be the executive director of the Institute of Journalism in New Media in Philadelphia. A former high-level business executive at the Wall Street Journal earlier … Read More
NEWS

Where are local advertisers going? Facebook, new research suggests

Forecaster and analyst Gordon Borrell has just published his summer survey of 7,500 local advertisers with results that manage to be alarming but at the same time not surprising. Yes, there is a strong swing to digital and social. And yes, most advertisers subtract from their legacy media budgets to increase digital spending. But particularly striking is a … Read More
NEWS

ASNE stops trying to count total job losses in American newsrooms

Updated to include a comment from ASNE President Pam Fine and the percentage change in total jobs for those organizations that completed the survey this year and last. After a decade of documenting job losses for journalists totaling more than 20,000 since 2006, the American Society of News Editors has abandoned the effort. The annual ASNE census (renamed … Read More
NEWS

At the News Media Alliance, more than the name is changing

Newspaper companies have pursued digital innovation and reinvention in feverish fashion this year, so it only makes sense for their trade association to reboot as well. The New York Times reported Sunday that the Newspaper Association of America (NAA) has been rechristened the News Media Alliance. But the name change, CEO David Chavern told me in a phone interview … Read More
NEWS

In the ad-blocking war, publishers gain an important ally in Facebook

News this morning that Facebook will block ad-blockers on most desktop displays may be mainly about preserving its own huge ad revenue base. But a quick sampling of reactions confirmed that the move will be highly welcomed by publishers and the advertising community, deeply worried about the growing ad-blocking threat. It's good to have the king of the internet … Read More
NEWS

I was interviewed by 'Last Week Tonight.' Here's why the show is journalism

John Oliver's 19-minute homage last night to local newspaper journalism managed to be witty, profane and at the same time dead serious, as his longform segments consistently are. I spoke to "Last Week Tonight" researcher Laura Griffin for more than an hour in late April as work began on the piece and twice again on Saturday when she was … Read More
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