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NEWS

The Gannett-Tronc bidding war showed us why people are still investing in legacy media

Arguably the biggest newspaper business story of 2016 was Gannett's failed (for now) bid to take over Tronc. What the broken deal says about the industry, however, is more than a little ambiguous. For starters, consider that 2016 was a particularly hard year financially, with advertising revenue losses that started bad and got even worse in the fall.  Both … Read More
NEWS

Hoping to earn rental income, The New York Times is redesigning its office

The New York Times will vacate eight floors of its midtown headquarters in a bid to make some money and improve its efficiency. "The current way we have configured our office makes us slower and less collaborative," New York Times CEO Mark Thompson and Publisher Arthur Sulzberger Jr. said in a memo to staff Friday. "It is also, frankly, too … Read More
NEWS

Vanity Fair's subscriptions soar after troll-y Trump tweet

Vanity Fair is the latest news organization to profit from President-elect Donald Trump's Twitter ire. The Condé Nast magazine has seen its subscriptions rise 100 fold Thursday after Donald Trump tweeted that the publication was "way down, big trouble, dead." Within 24 hours, Vanity Fair added 13,000 subscribers. This is the highest number of subscriptions sold in a single day … Read More
NEWS

Newspapers are still widely read, but business outlook remains gloomy

Newspapers reach nearly seven in 10 Americans in any given month, according to a new report from the ratings agency Nielsen. The report, drawn from a Nielsen Scarborough study, found that "more than 169 million adults in the U.S. read a newspaper in a month — whether it be in print, on a website or via mobile app." Notably, more … Read More
NEWS

The Washington Post is 'profitable and growing,' publisher says

The Washington Post is a profitable and growing enterprise, the newspaper's publisher announced in a memo to staffers Tuesday evening. In the seventh paragraph of a rally-the-troops announcement, Post Publisher Fred Ryan made a winking nod to burying the news: Not to bury the lede, but thanks to the incredible work of the entire team, The Washington Post will finish … Read More
NEWS

Elizabeth Ailes sells Putnam County newspapers

Elizabeth Ailes, wife of former Fox News chief Roger Ailes, announced on Tuesday that she's selling two newspapers in Putnam County, New York. Ailes, the owner and publisher of the Putnam County News & Recorder and the Putnam County Courier, is selling the papers to Editor-in-Chief Douglas Cunningham for an undisclosed sum. In an unbylined report, the Putnam … Read More
NEWS

Jim VandeHei's startup will have a Silicon Valley foothold, a D.C. newsdesk and an events business

Politico founder Jim VandeHei is hiring for his new startup, and the job descriptions give a few clues about what he and co-founder Mike Allen are up to. Just weeks after announcing the name of the startup — Axios, Greek for "worthy" — and sketching out a few details, VandeHei and company are now making early hires for a venture that aims … Read More
NEWS

The Associated Press lays off 25

The Associated Press is laying off two-dozen employees in its global news department, the cooperative told Poynter Friday. While AP makes every effort to cut costs elsewhere before affecting jobs, AP is laying off 25 staffers in the global News department this week. Like so many media companies, especially in the news business, AP must reduce expenses in order to … Read More
NEWS

ProPublica isn't planning to expand past Illinois — yet.

Since announcing the creation of ProPublica Illinois, president Richard Tofel has heard from people in other states hoping the nonprofit investigative organization will set up shop in their cities, too. And it might. But first, they have to figure out the prairie state. ProPublica announced Wednesday the creation of ProPublica Illinois, the search for a Chicago-based editor and … Read More
NEWS

Breaking News is shutting down

Breaking News, the popular alert app from NBC News, is shutting down at the end of the year. The entire staff at Breaking News — more than 20 editors, developers and administrative staffers — will stay on payroll at NBC News until Jan. 20, a spokesperson for NBC News told Poynter. Meanwhile, an effort is underway at the company to … Read More
NEWS

Vice founder Shane Smith predicts 'chaos' for digital advertising in 2017

Al Jolson, long ago America's most famous and best-paid entertainer, opened "The Jazz Singer," the first featured-length film with synchronized sound, by declaring his signature line, "You ain't seen nothing yet." Eighty-nine years later, Shane Smith, a Canadian with ambitions to also be king of a hill, says very much the same. The founder of iconoclastic and growing Vice Media … Read More
NEWS

ProPublica expands to Chicago

Chicago politicians will have one more reason to look over their shoulders in 2017. The city's history of political corruption and high crime rates have long made it fertile territory for investigative reporting. Next year, investigative nonprofit ProPublica plans to capitalize on that opportunity by colonizing the city with its first regional expansion. ProPublica plans to open the expansion in … Read More
NEWS

After less than a year, Raleigh Agenda is closing down

Raleigh Agenda, the news site founded by local media entrepreneur Ted Williams, announced this afternoon that it's closing. "It's personally and professionally painful and disappointing to be wrong, let teammates down and fail," Williams told Poynter in an email. "(Editor-in-Chief) Grayson Haver Currin and (Senior Reporter) Jane Porter are very talented, and I loved working with them." In his … Read More
NEWS

STAT, now more than a year old, launches a subscription service for industry obsessives

The world's deadliest motorcycle race. The Amazon of drug trafficking. The future of genetic engineering. What do all these stories have in common? They're all about medicine, biotechnology and health. But, unlike other medical news, these stories are anything but clinical. All three come from STAT, a biotechnology website from The Boston Globe that got started … Read More
NEWS

These two stats from The New York Times should give newspapers hope

It's been a bad year for newspapers. Money from print advertising is tanking. Layoffs have affected newsrooms large and small. And The President-elect isn't shy about abusing journalists on Twitter. But today, just a few weeks before Christmas, the clouds parted a bit as New York Times CEO Mark Thompson spoke at the UBS Global Media … Read More
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