Biz Blog

POYNTER

New day for Gannett newspapers — they're on their own

The 19,600 employees of Gannett newspapers coming to work Monday will be working for a new company -- untethered from growing and prosperous television stations and digital ventures. Retaining the Gannett name, the spin off company has well defined plans for digital transformation and for expansion by acquisition.  Its reception by Wall Street is less certain, but it is sweetening … Read More
POYNTER

The American media storm: Why a family sold its newspaper after 56 years

To fully grasp the tumult in American media, you need just look at the video of a proud man in front of a basement printing press that’s been his community’s lifeblood. “Google, YouTube and Facebook have taken the heart out of all the advertising, and not just the national advertising,” says Marty Weybret, who exited Monday as longtime publisher of … Read More
POYNTER

Scary Mary (Meeker) and that fallacious chart are back again

I was elsewhere earlier this week when Internet savant Mary Meeker released her gargantuan annual slide deck on big-picture digital trends.  I was not surprised that it received respectful coverage, as is warranted, nor, alas, that her updated chart implying imminent doom for print got special attention. That's too bad.  Of the 197 slides, this isn't one of … Read More
POYNTER

Tribune Publishing books a tiny profit for first quarter despite revenue decline

The Tribune Tower on Chicago's Michigan Avenue. (AP Photo/Charles Rex Arbogast) Tribune Publishing completed its second full quarter as a separate company with results much like the rest of the industry, eking out a small profit but still facing revenue declines. Net earnings were $2.5 million for the first quarter of 2015 on revenues of $396 million.  That's … Read More
POYNTER

R.I.P. -- Six month newspaper circulation reports are gone for good

Alliance for Audited Media logoCompulsive calendar watchers may have notice that May 1 has come and gone without the typical report on newspaper circulation averages for the six months ended March 31. There isn't such a report and won't be. Instead the Alliance for Audited Media is requiring newspapers to report quarterly and giving them the option of … Read More
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New Media Investment Group ups revenues and plans to buy more papers

New Media Investment Group reported a 76 percent growth in first quarter revenues compared to the period a year ago on the strength of its buying binge of media companies. But even leaving the new properties out, the company was able to keep revenues roughly even on a "same store" basis -- a good showing for the industry where … Read More
POYNTER

5 reasons NYTimes' financial loss isn't that bad

An 11 percent decline in print advertising and a pension settlement caused the New York Times Co. to operate at a $14.3 million loss in the first quarter, the company reported today. But the company pitched the period as "a solid start" to the year in light of strong results in both digital subscriptions and digital advertising.  The … Read More
POYNTER

A.H. Belo posts revenue gain and a small profit

A.H. Belo, owner of the Dallas Morning News and related businesses, posted a small revenue gain and a small profit for the first quarter. The year-to-year revenue gain, unusual for a newspaper publishing company, came from growth of the company's digital ad agency, Speakeasy, the addition of three marketing services businesses and growth in its printing revenues.. Revenue was … Read More
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McClatchy's stock continues to take a pummeling

McClatchy reported a first quarter net operating loss of $11.3 million and more deep declines in print advertising today as its stock continues to takes a pummeling. McClatchy shares have been trading between $1.50 and $1.60 the last several days. That is about half where they were at the start of 2015, and they have lost roughly three-quarters … Read More
POYNTER

Publishing revenue declines continue at Gannett on the eve of spinoff

Gannett opened 2015 with a first quarter earnings report similar to those of 2014 -- strong growth and profits in its broadcast and digital ventures divisions, but continued substantial declines in publishing revenues. With publishing set to spin off into a separate company mid-year, the era of the one covering for the other is coming to a close. Advertising … Read More
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Caroline Little is stepping down as CEO and President of Newspaper Association of America

Caroline LIttle will be leaving her job as president and CEO of the Newspaper Association of America at the end of August, NAA announced this afternoon. She will have been head of the industry trade association for just over four years when she departs. Little is a lawyer and served as publisher/CEO of Washington Post/Newsweek Interactive and then … Read More
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At NAA's Nashville extravaganza, tough issues surface through the glitz

As hard times for revenue continue, I went to the Newspaper Association of America's annual mediaXchange conference looking for a read on where the industry's head is at. I thought I found the sense of this meeting, the seventh I've attended, at a session last Monday on social media.  It was held in a stuffy room, … Read More
POYNTER

Ken Doctor: Newspaper companies should focus on news apps

Ken Doctor, media analyst and President at Newsonomics recommends that publishers continue to develop reader revenue while print advertising continues to fade. He spoke during a session at the Media Innovation Tour seminar held at the Poynter Institute in St. Petersburg on March 9. Reader revenue is the new source of revenue for most newspaper companies, but … Read More