Here’s a post from Exceler8ion about the rate hikes that daily newspapers have and will continue to make as we move into the new year. How the dailies can justify raising their advertising rates is beyond me given the consistent weakening of their value proposition, the deteriorating quality of their content, and the steadily declining [...]
As reported on both GigaOM and Seattlepi.com, Jobster is considering a restructuring of its workforce that may result in layoffs for half of the company’s 145-person workforce. The company has identified profitability as the primary goal for 2007, a decision that might require significant cost cutting. The Seattle-based jobs site has raised $48 million in [...]
It was announced today that McClatchy is selling the Star Tribune to Avista Capital Partners for $530 million. McClatchy bought the paper from Cowles Media in 1998 for $1.2 billion. Avista, a New York-based private equity firm founded just last year, manages an eclectic portfolio of investments in media, healthcare, human resources, and energy. While [...]
Happy holidays and have a terrific new year!
Tags: Holiday Greetings, Blog Readership, Blogs, Why Do I Blog?
According to a study just published by Borrell Associates, online job ad revenue in 2006 ($5.9B) surpassed print job ad revenue ($5.4B) for the first time ever. The report goes on to say that those trends will continue through 2011 with projections that the only areas with rising market share will be online media and [...]
As Europe often sets trends in media that eventually filter over to the states, it’s interesting to see that newspapers might officially become charity cases in France. As detailed at followthemedia.com, the French Culture Minister has proposed that either a single national foundation or individual foundations for each paper newspaper be established that would allow [...]
According to a recent poll in Human Resource Executive, when HR executives were asked whether or not the ‘war for talent’ was under way today, 22% responded ‘No’ while 17% were not sure. I’d love to know who those people worked for, as I would create a hedge fund that consisted of nothing but short [...]