Biz Blog: Rick Edmonds analyzes the latest media business developments.

Warren Buffett

Warren Buffett’s big payday, and other notes on Media General’s merger with Young

Few paid much attention to the blandly worded announcement a week ago of a merger between Media General and New Young Broadcasting. That was no surprise — an agreement between two midsize local broadcasting companies isn’t nearly as big a … Read more

Tools:
1 Comment

Monday, June 10, 2013

StateoftheMedia

New Pew study finds nonprofit news sites are ‘growing but fragile’

The Pew Research Center is out with a new report this morning documenting just how difficult it is for startup, nonprofit news sites, to achieve financial stability.

A typical site starts with a substantial foundation grant, often more than $100,000, … Read more

Tools:
0 Comments

Monday, June 03, 2013

hand with money

A lesson from the book business: How to embrace digital transformation & make money from it

E-books have risen from next to nothing when the Kindle was introduced in 2007 to 14 percent of consumer publishing revenues this year. And that share is expected to bubble to 28 percent by 2016. So you might think the … Read more

Tools:
1 Comment

Monday, May 20, 2013

Koch Industries building

Koch brothers acquiring Tribune newspapers? I’d bet against it

I’m not a fan of speculating who will buy newspapers that are on the block. But I’ll make an exception with some quick thoughts on Tribune Co.’s publishing group — currently attracting investor interest as expected but likely months away … Read more

Tools:
1 Comment

Monday, May 13, 2013

News

New research finds 92 percent of time spent on news consumption is still on legacy platforms

Here is a surprising statistic from leading consultants McKinsey and Company: When you measure news consumption in the U.S. by time spent, rather than raw audience numbers, digital platforms are getting only 8 percent of the action.

McKinsey data … Read more

Tools:
17 Comments

Monday, May 06, 2013

Cuttingcosts2

Fairfax Media CEO suggests deep reductions in legacy costs need to precede reduced print frequency

Talk about digital disruption. The CEO of Australia’s giant Fairfax Media said last week that he is preparing the company to abandon printed newspapers entirely “in three, five or 10 years.”

“Print revenues have been going down and are going … Read more

Tools:
3 Comments

Monday, Apr. 22, 2013

newspaperspile

NAA turns feisty, boasting of ad effectiveness and digital subscription success

The Newspaper Association of America’s annual mediaXchange conference is always part industry promotion, an occasion for expressions of confidence. But at this year’s edition in Orlando last week, those sentiments had a fighting edge.

Outgoing chairman Jim Moroney, publisher … Read more

Tools:
1 Comment

Friday, Apr. 12, 2013

Print

Wanderful launching big-deal initiative to protect & expand newspapers’ insert business

With years of development and a $22 million start-up investment, the newspaper industry will roll out a new tool aimed at “fun, local discovery shopping” on 327 sites this Monday.

The timing coincides with the Newspaper Association of America’s annual … Read more

Tools:
2 Comments

Monday, Apr. 08, 2013

moneypuzzle

Deeper data dive finds $5.5 billion in uncounted newspaper industry revenue

Years of negative reports on ad revenue losses could leave the newspaper industry muttering, “I demand a recount.” The Newspaper Association of America has just completed such an exercise and found some solid gains that have been overlooked previously in … Read more

Tools:
1 Comment

Friday, Mar. 29, 2013

France Google

Is Google’s agreement with French publishers exportable to the U.S.?

You may have missed the news in early February that Google has established a $60 million Euro (about $80 million) fund to support a group of French publishers in their digital enterprises.

Not only that, Google chairman Eric Schmidt jetted … Read more

Tools:
5 Comments