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.

Freedom Communications, parent of Orange County Register, files for bankruptcy -- again

Freedom Communications Inc., owner of the Orange County Register, has filed for bankruptcy. Rich Mirman, Freedom's chief executive and publisher, says he expects the bankruptcy case to have no impact on day-to-day operations. (AP Photo/Jae C. Hong, File) The Orange County Register's parent company, Freedom Communications filed for bankruptcy protection Sunday. Given the company's multiple financial problems, that … Read More

For Philly's durable Daily News, it looks like the beginning of the end

The Philadelphia Inquirer and Daily News building is seen in Philadelphia, Tuesday, Jan. 2, 2007. Cuts are expected as the papers plan to merge operations. (AP Photo/Matt Rourke) Updated to include comment from Philadelphia Media Network and other new information. Newsroom cuts at the Philadelphia Media Network's Inquirer and Daily News, announced at a staff meeting Friday, look … Read More

Bucking the industry trend, New York Times Co. shows revenue growth in 3rd quarter

As Gannett and New Media Investment Group saw financial results dragged down by deep print ad revenue declines in third quarter earnings reports today, the New York Times posted a small revenue gain of 0.7 percent. The Times held print ad losses to 0.9 percent compared to the same quarter in 2014. Digital ad revenues were down … Read More

McClatchy sees another 10 percent ad revenue decline in 3rd quarter

McClatchy opened the 3rd quarter earnings season for newspaper companies today reporting weak financial results typical of the industry so far this year. The company recorded a loss of $1.1 million on revenues of $251.2 million. Advertising revenues were off 10.2 percent compared to the same quarter in 2014. Print revenues fell more than that -- though the company … Read More

Post and Courier in Charleston shows that family-owned newspapers can still work

The front page of the Post and Courier after the horrific shootings after a church prayer meeting. In this year of consolidation in the newspaper industry, Gannett, New Media Investment Group and Tribune Publishing have scooped up dozens of titles in the name of efficiency. That makes the family-owned Post and Courier of Charleston, S.C. an outlier -- and … Read More

As ad blocking issue ripens, conciliatory publishers accept some blame

Over the last month, a new tone has crept into the debate about how to respond to the increasing use of ad blockers. Industry groups now concede the bigger problem behind the problem is slow load times and that they have only themselves to blame. Wednesday the Local Media Consortium, which represents many but not all newspaper companies in … Read More

Village Voice changes hands again as alt-weeklies continue their slide

The sale of the Village Voice Monday to a wealthy out-of-towner hardly qualifies as big media news. But it marks one more chapter in the long decline of the alternative weekly category — along with its most famous title. Buyer Peter D. Barbey is president and chief executive of the Reading Eagle. But his family (#48 on Forbes Richest … Read More

What Gannett gets by getting bigger and why newspaper consolidation will continue

For three different reasons, Gannett's surprise acquisition Wednesday of Journal Media Group (the former Scripps papers and the Milwaukee Journal-Sentinel) makes a lot of sense: -- In the era of digital transformation, bigger is better. A larger audience translates to better prospects for digital ad sales. The combined operations will have 100 million monthly uniques, according to the … Read More

Newspaper Association of America goes with seasoned association executive as new president and CEO

President Barack Obama, accompanied by Transportation Secretary Ray LaHood, left, and former U.S. Chamber of Commerce Chief Operating Officer David Chavern at the Rose Garden of the White House in 2011. Chavern will be the new president and CEO of the NAA. (AP Photo/Carolyn Kaster) David Chavern, chief operating officer of the U.S. Chamber of Commerce for most of … Read More

Millennials will pay for content, but news not high on their list

The third in a series of studies of millennials and news finds a willingness of the much-analyzed generation to pay for several types of content. But news badly trails movies, TV and cable as worth spending some money on. A companion study, released just last Thursday, showed large segments of the millennials not especially interested in following news.  … Read More

Five quick takes on Business Insider's sale to Axel Springer

The headquarters of German media and publishing house Axel Springer in Berlin are seen in this Jan. 5, 2006 file picture. (AP Photo/Markus Schreiber)Confirmation today that German publisher Axel Springer is paying $343 million for an 88 percent stake in Business Insider is the latest in a wave of digital start-up acquisitions and investments by legacy companies. The … Read More

Joe Bergantino to step down as executive director of NECIR

Joe Bergantino, co-founder of the New England Center for Investigative Reporting, announced today that he is retiring after six years heading the digital non-profit. A date has not been set. Bergantino, 63, and a longtime Boston-based investigative reporter, will stay on and work on finding a successor until later this year or early next and then become executive … Read More

Who will block the ad blockers? Publishers are proceeding with caution

Along with Apple's latest iOS comes the ability to block ads. In photo, Apple's new News app is displayed on an iPad. (AP Photo/Mark Lennihan)Apple iOS 9 launched a week ago and with it comes the opportunity for users to install ad blocking software for its Safari mobile browser. So what are publishers doing to counter the added … Read More

Tribune Publishing pleads its case with investors; share price falls further

Tribune Publishing hosted a brief "investor update" call Tuesday, making more explicit its earlier statements that the Los Angeles Times was under-performing financially and dragging down company-wide results. The market remains skeptical that Tribune Publishing's house is in order -- shares were down another 5.5 percent for the day at close Tuesday, a decline of more than 22 percent … Read More

Tribune Publishing shares plummet 20 percent after company adjusts its 2015 forecast downward

Tribune Publishing shares were down more than 20 percent in midday trading on Monday after the company pulled back from an earlier forecast for revenues and earnings -- and largely blamed its Southern California papers for the problem. In an unusual press release issued after markets had closed Friday, the company said EBITDA (earnings before interest, taxes, depreciation, and … Read More