Though it depends somewhat upon your perspective, today stands as a significant day in the continuing transformation of the country’s media landscape. McClatchy’s $4 billion acquisition of Knight Ridder closes today and one of the nation’s most storied publishers is no more. Whether one feels sad, ambivalent, angry, happy, frightened, or chagrined, there is little [...]
A recent research report from Deutsche Bank reported that small-market daily newspaper classifieds are 2-4 times more expensive than similar ads in larger metro markets. Auto classifieds are twice as expensive, real estate classifieds are three times more expensive, and job classifieds almost four times as expensive as same-sized ads in larger metro markets. While [...]
It was reported this week that Monster Worldwide has become a target in the ever-widening scandal involving companies that have backdated options grants to senior executives. Stock options, which give the recipient the right to buy shares of stock at a set price or ‘strike price,’ are granted to reward employees when the company’s share [...]
Love him or hate him, Mark Cuban’s open hostility towards daily newspapers is an entertaining read (A Quick Letter To The Newspaper And Magazine Industries), and dead on the mark. Newspaper monopolists that refuse to adapt their business models will die either a slow or rapid death, depending on whom you ask, but death is [...]
In an article on ‘SiliconValleyWatcher.com‘, Tom Foremski writes that Cox Enterprises, which owns 17 daily and 25 weekly newspapers around the country that depend heavily on classified ad revenue, might be restricting access to Craigslist through its Cox Media cable internet service. In discussions between the two companies, Cox claims the problem began in February [...]
The Newspaper Association of America reported Friday that while print advertising growth for the newspaper industry remained relatively flat during the first quarter, online ad revenue rose 34.9%. Unfortunately for the dailies, online ad revenue remains a small percentage of total ad revenue, just 5.5%, and the growth rate was actually smaller than the growth [...]