newspaper industry

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One Year On: Murdoch Dances, News Corp Mourns

Purchase of Dow Jones came at worst possible time

(Newser) - Those hesitant Bancrofts who sold the Wall Street Journal to Rupert Murdoch last year have something to smile about this Christmas. Murdoch may be delighted with his new toy, but News Corp.'s share price has plunged 61%, farther than even perennial underperformer Time Warner. One year after its acquisition...

Media Woes Spread at the Speed of Twitter

Site posts updates on industry firings and (less often) hirings

(Newser) - The rapid shrinking of the media industry is generating enough news to have a Twitter feed all to itself. The "Themediaisdying" feed, started by a PR firm employee, covers hirings, layoffs, and circulation changes in 140 characters or less, the New York Times reports.

Detroit Papers to Cut Home Delivery

Likely move will be first for major metro rags

(Newser) - In another sign of the dire health of the newspaper business, leading Detroit newspapers are expected to announce this week that they're eliminating home delivery 4 days a week, the Wall Street Journal reports. The Detroit Free Press and the News would be the first major metropolitan papers to take...

The Bell Tolls for Journos
 The Bell Tolls for Journos 
COMMENTARY
Dec 12, 2008 9:32 AM CST

The Bell Tolls for Journos

Explosion of web content and staff cuts marks the end of an era

(Newser) - With the flurry of firings and buyouts at the nation’s newspapers, "it certainly feels like the end of days," writes Julia Klein in Obit. But while much has been made of lofty topics such as "the fate of democracy" and "journalism's core civic and watchdog...

Cash-Poor NYT Seeks $225M Deal for Building

Tight credit market, falling profits hurt paper

(Newser) - Facing declining profits and tight credit, the New York Times is looking to raise $225 million by borrowing against the 58% share the company holds in its new Renzo Piano-designed skyscraper in Times Square, the paper reports. The Times hopes to either take out a mortgage on the 52-story building...

Tribune May File for Bankruptcy This Week

Saddled with debt, media company looks at Chapter 11

(Newser) - The Tribune Co. has hired a financial adviser to help it file for bankruptcy as early as this week, the Wall Street Journal reports. Facing $12 billion in debt and shrinking profits, the owner of the Chicago Cubs and several newspapers has also brought in legal counsel to guide it...

Radio Struggles as Advertisers Tune Out

Despite a slight growth in audience, homogenized radio is losing ad dollars

(Newser) - More listeners hasn’t translated into more cash for radio broadcasters struggling to keep advertising revenues up, reports the New York Times, as prime clients like auto dealers and retailers cut ad buys in their own battle to stay afloat. Radio advertising continued its 18-month nosedive, declining 10% in October...

Newspaper Circulation Off 3.6%
 Newspaper Circulation Off 3.6% 
Apr 28, 2008 4:37 PM CDT

Newspaper Circulation Off 3.6%

USA Today , WSJ only big names to buck accelerating downward trend

(Newser) - Newspaper circulation contracted the past six months as competition from Internet sources and cutbacks in advertising decreased sales, Bloomberg reports. Circulation dropped 3.6% for the industry as a whole, with only USA Today and the Wall Street Journal enjoying slightly increased circulation among the 25 largest papers. "The...

Times Editor Slams Times for Failing to Cover ... Times

Ombudsman: Paper's missing a great story

(Newser) - In an attention-getting column in yesterday's Times, public editor Clark Hoyt criticized the paper for failing to report on its own business challenges, thereby avoiding conflict with the publisher. Hoyt, who is charged with representing the interests of readers, wrote that the Times has hit a "rough patch,"...

Salon: Public Ownership Fails Newspapers

(Newser) - The looming Murdochization of the Wall Street Journal highlights what people should have realized long ago, writes Gary Weiss: just how disastrous public ownership is to the newspaper business. Every time that investors' bottom lines are matched against journalistic integrity, journalism gets tramped. "The only solution," he says,...

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