ADVERTISEMENT

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

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
NEWS

Are publishers obsolete?

Back in February when Tronc was still Tribune Publishing, new chairman Michael Ferro in one day made all the editors at his newspapers editor-publishers. Two of the publishers whose positions had been eliminated got new corporate jobs; the rest left the company. A press release suggested the move was to reinforce the primacy of editorial excellence at Tribune (soon … Read More
NEWS

High drama at Tronc takes an intermission

Still fending off an ongoing takeover bid by Gannett and developing a futuristic video news product, Tronc Inc. today released a largely uneventful second-quarter financial report. The headline on the company's press release said that it anticipates bringing in more revenue and posting higher profits than it had previously stated. The increases were tiny, though. For instance, Tronc … Read More
NEWS

Early bet on 'other' revenue is paying off at The Dallas Morning News

Jim Moroney was a John the Baptist of the newspaper industry five years ago when he suggested that the then-tiny "other" revenue category could grow to cover print losses. The Dallas Morning News publisher and A.H. Belo Chairman and CEO then practiced what he preached, aggressively buying up digital marketing and advertising companies around town and expanding commercial printing … Read More
NEWS

New Media Investment Group buys the Fayetteville Observer

New Media Investment Group, which operate the GateHouse chain of newspapers and websites, kept second quarter same property revenue losses to 3.2 percent year-to-year. The company also announced that it has acquired the family-owned Fayetteville Observer, which serves the eastern North Carolina city and nearby Fort Bragg, for $18 million. Like the rest of the industry, New Media suffered … Read More
ADVERTISEMENT