Media business news from Rick Edmonds’ Biz Blog, Bill Mitchell’s NewsPay, and David Shedden’s Transformation Tracker.
Just when investor confidence in the newspaper industry was picking up, the New York Times Co. stopped the turnaround with a surprisingly dismal earnings report Thursday.
New York Times shares lost more than a fifth of their value in a … Read more
It has been a while since any newspaper-related company has talked about “strong financial results” when reporting quarterly earnings. Gannett did so Monday and had the numbers to back up the claim.
Revenues were up by 3 percent from the … Read more
Gordon Borrell, newspaper reporter turned digital advertising analyst, has been tough on his old profession through the years. After holding their own in the first wave of digital growth from 2002 to 2006, he has written, newspapers lost huge market … Read more
From a business perspective, the growing legions of tablet and smart phone users who get at least some of their news on mobile devices can be viewed as an opportunity, a puzzlement or a disappointment.
You’ve heard of Sheldon Adelson, the Las Vegas billionaire who bankrolled Newt Gingrich’s campaign and continues to pour millions into Republican Super PACs? Suppose he also owned and generously funded a free-distribution newspaper pushing his political agenda and driving … Read more
The new slimmed-down Journal Register company, being pieced together in a bankruptcy proceeding, is likely to eliminate at least some daily print editions at several of its 20 dailies.
“I would consider and am considering a reduction in print … Read more
The newspaper industry’ s effort to cover print advertising losses with digital ad gains, weak in 2010 and 2011, deteriorated further in the first half of this year.
Newspaper Association of America advertising statistics, posted last week, show $798 million … Read more
Journal Register filed for Chapter 11 bankruptcy protection Wednesday. Hey, aren’t these the same folks who have been touting as breakthroughs each step along the way of their fast-track digital transition?
Well, yes. Some will view the bankruptcy filing, … Read more
Alden Global Capital clearly likes something about the newspaper industry as evidenced by its controlling interest in two companies — Journal Register and MediaNews — and substantial investment in half a dozen more, including Gannett, still the nation’s largest … Read more
At risk of stating the obvious, newly named New York Times Co. chief executive Mark Thompson is notable for who he is not: a veteran Timesman or Timeswoman.
His predecessors at the helm of the company, Janet Robinson, Russell Lewis, … Read more