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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

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
NEWS

Digital advertising 2.0 has arrived, The New York Times finds

As the New York Times suffered sharp print losses like other newspaper companies in the second quarter, it experienced a "tipping point" in digital advertising as well. President and CEO Mark Thompson said that in recent months "traditional display" like banners have accounted for less than half of digital ad revenue. Audience and advertisers are moving quickly to smartphone … Read More
NEWS

Gannett's expansion strategy runs into bad news on the advertising front

Gannett today reported $21.7 million in second-quarter revenue growth driven by the addition of the 15 papers acquired when it bought Journal Media Group. Its earnings release alluded to continued weak advertising but provided no numbers. Questions from analysts in a subsequent conference call drew out these particulars from Chairman and CEO Bob Dickey: Advertising revenue was down roughly … Read More
NEWS

Revenue woes continue at McClatchy

McClatchy kicked off second-quarter earning reports for newspaper companies with results suggesting no abatement yet in the industry's widespread financial challenges. The company posted a loss of $14.7 million on revenues of $244.9 million. Total revenues were down from the same period in 2015 by 7.7 percent.¬†Advertising revenues were off 11.1 percent year-to-year. In its financial reporting, McClatchy does … Read More
NEWS

Why is McClatchy's stock up more than 45 percent? It took a risk.

With Gannett-Tronc hostilities at a standstill, it has been a quiet month for news company finances. With one exception: Shares of McClatchy, the newspaper company, are up more than 45 percent to $17.65 in the last 30 days. What gives? Some of the first to notice the stock's movement asked me whether McClatchy might have become a takeover target, … Read More
NEWS

When it comes to trust and sharing, news consumers have some surprisingly retro attitudes

A new Pew Research study of news consumption finds the transformation of where the U.S. public gets its news is well along, but traditional attitudes persist. Even as they are encountering news through social media or reading it on smartphones, consumers value established news organizations as relatively more trustworthy. Of more than 4,500 consumers surveyed earlier this year, three-quarters … Read More
NEWS

Gannett boosts its digital marketing reach with $156 million acquisition

In reporting disappointing financial results in February, Gannett CEO Bob Dickey told analysts, "I would be disappointed if there is not another acquisition to announce in the first half of the year." Gannett and Dickey delivered on the promise just under the wire late Monday by announcing the purchase of ReachLocal, a California-based digital marketing services and solutions … Read More
NEWS

An early look into the great Philadelphia newspaper experiment with nonprofit ownership

In a week when Pew Research and the Reuters Institute dropped massive reports on media, it was easy to miss an insightful paper from the Knight Foundation on owner Gerry Lenfest's gift of the Philadelphia newspapers to a newly-formed nonprofit. The findings are well-summarized in this Nieman Lab post. Also author Tim Griggs expands on some … Read More
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