ADVERTISEMENT

Biz Blog

NEWS

Weak Tribune Publishing and Scripps earnings make the case for spinning off newspapers

Tribune Publishing and E.W. Scripps this morning reported disappointing fourth quarter revenues from newspaper operations, matching the pattern established by other public companies. At the same time, the results suggested some of the logic behind divorcing newspapers from broadcast, as Tribune Publishing did seven months ago and Scripps plans for this April. Continuing the tone he … Read More
NEWS

Stock market darling New Media Investment keeps growing, books small profit

Acquisitive New Media Investment Group reported its fourth quarter results today and tallied the score on $538 million spent buying newspapers over the last year and a half. The company's business plan calls for $1 billion in acquisitions over three years, so more of the same is on the way. New Media also increased its quarterly dividend which yields … Read More
NEWS

Reuters loses Tribune but is not quitting yet

General view of a Reuters building at Canary Wharf in London, Tuesday, May 15, 2007. (AP Photo/Sang Tan) Reuters attempts to build a competitive wire service to the Associated Press suffered a major setback over the holidays when the Chicago Tribune and six sister papers ended a two-year relationship and switched back to the AP. That was a double … Read More
NEWS

Advance claims digital ad growth will outpace print declines in 2015

Advance Publications' much debated five-year-old strategy of discontinuing some days of daily print editions to devote added resources to digital is poised to achieve a critical crossover point in 2015: digital advertising gains will exceed print newspaper ad losses, the company claims. In a bi-annual letter to employees today, Advance Local President Randy Siegel, writes: Our local sales and marketing … Read More
NEWS

Capital flows like water to media companies (of a certain kind)

December has started with a bang-up ten days financially for some leading American media companies. Vox announced it has raised another $46.5 million in a new round of venture capital bringing its total valuation to $385 million. CEO Jim Bankoff, in a internal memo he made public, announced ambitious expansion plans for 2015. Outbrain, a content recommendation/native advertising … Read More
NEWS

Jill Abramson startup to advance writers up to $100k for longform work

Former New York Times Executive Editor Jill Abramson shed light this weekend on her plans with Steven Brill to grow a start up. Writers will be paid advances around $100,000 to produce stories that will be longer than long magazine articles but shorter than books, she said. There will be “one perfect whale of a story” each month and … Read More
NEWS

The politics of reforming digital audience metrics -- don't underestimate the status quo

Long-time critics of imprecise unique visitor and page view metrics like me have had reason to cheer in recent months. Both the Financial Times and Economist have started to offer advertisers the alternative of rates based on time spent rather than raw traffic numbers. Chartbeat corrected a major flaw in existing measures of time spent, then got its … Read More
NEWS

Death of newspapers announced prematurely (yet again)

I woke up thinking today was much like any other on the news-about-news beat, that is until I learned from David Carr and the New York Times that "Print is Down, and Now Out." Really? Let me beg to differ. For starters, Carr is, as the country song goes, looking for love in all the wrong places if he … Read More
ADVERTISEMENT