Business

Poynter Results

  • Business

    Article

    McClatchy reports more sharp revenue declines and a net loss for the first quarter of 2018

    More than a year ago, Craig Forman was named CEO of McClatchy with a mandate to accelerate print-to-digital transformation at its 30 properties.

    In an unusually detailed quarterly earnings report, Forman claimed big progress on that goal. All areas of the operation — subscriptions, advertising, and the news report — are tilting fast to digital.

    But — and it's a big but — for now, financial results are no better. In fact, they are probably worse. Some particulars:

  • Business

    Article

    As Facebook reports quarterly earnings, the huzzahs have stopped

    Late Wednesday afternoon, Mark Zuckerberg — fresh from two days of hammering by Congressional committees  — will face another tough audience as Wall Street gets a look at the company's first quarter earnings report.

    Zuckerberg has a lot of explaining to do. The company will again show great growth and huge profits, although Facebook has cautioned that some slowdown in the rate of those increases is to be expected. That's not the problem.

  • Business

    Article

    So you're not going to believe what happened to me on this freelance assignment ...

    In my 13 years of being a full-time freelancer, I’ve seen a lot — a lot of good of course, and I still think this can be the best job in the world. But I’ve also seen a lot of ways that publishers try to treat their writers like dupes, dopes or chattel.

    My recent best/worst story: A well-known outlet reached out to me to write a feature. I was flattered, but had some big concerns about the contract. Their lawyer told me they couldn’t negotiate my contract because they just wrote too many contracts a week, and it’d be hard to keep track of any changes.

  • Business

    Article

    Notes on an insurrection at the Denver Post

    "Unprecedented" is always a dangerous claim — but I cannot think of a parallel case to the Denver Post editorial and eight accompanying articles denouncing its hedge fund owner, Alden Global Capital, for profiteering and making crippling newsroom cuts.

    I started reporting on the rebellion Friday afternoon as the jaw-dropping pieces were posted digitally, and I am still trying to nail down angles. But here is a partial guide to watching the story unfold:

  • Business

    Article

    13 J-school deans and chairs issue letter of concern to Sinclair

    A statement drafted by faculty and leadership at the Philip Merrill College of Journalism at the University of Maryland and signed by other university journalism schools around the country condemns Sinclair Broadcast Group for forcing local TV anchors to read a corporate statement about "fake news" on the air. 

  • Business

    Article

    Sinclair withdraws $25,000 donation to NPPA

    Sinclair Broadcast Group withdrew a $25,000 donation to the National Press Photographers Association legal defense fund Thursday.  The move came less than 24 hours after NPPA issued a statement critical of Sinclair's airing of a what it called a "news promotion" that required local anchors at stations nationwide to read a statement written by corporate executives. 

  • Business

    Article

    Paper and postal rate increases are kicking the print industry while it's down

    Reeling print businesses stand to take a significant hit this year as a tariff on Canadian newsprint and a scheduled postal rate increase for magazines kick in.

    The ultimate amount of the increases is still in flux, but worse case or even next-to-worse case, they may lead to staffing and content cutbacks at strong publications and spell the end for smaller and weaker ones.

 
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