Another daily paper has thrown in the towel and completely ceded its employment classified business to Monster. The Milwaukee Journal Sentinel has apparently decided it cannot possibly manage this portion of its business, so it has outsourced its job classifieds to Monster. As has been discussed before (here and here), I cannot imagine what would [...]
Yesterday was a revealing day in the Ramsey County courtroom, where Minneapolis Star Tribune publisher Par Ridder admitted that he took sensitive competitive data from his former employer, the St. Paul Pioneer Press. As reported by the Strib, it was a painful day for the Star Tribune, Ridder, and the new owners of Minneapolis’ daily, [...]
If it is true that Europe often sets media trends that eventually filter across the Atlantic, daily papers in the U.S. are in for an even rougher future than anyone is imagining today. According to a recent Harris poll, only 6% of adults in Britain read a major daily paper. The poll surveyed adults in [...]
Al Ries, in an Advertising Age article entitled “Why the iPhone Will Fail,” predicts that the iPhone will be a major disappointment because no one has yet been able to succeed with a ‘convergence’ device. Though my crystal ball is no better than his, I have no doubt that Ries’ forecast could not possibly be [...]
While most daily newspapers around the country have struggled desperately to figure out how to compete effectively online, the San Diego Union Tribune is not one of them. In fact, my first impression from the site is that it stands as one of the best local daily newspaper web sites I’ve seen. Granted, I don’t [...]
Media General, owner of Tampa Tribune, The Richmond Times, and the Winston-Salem Journal, reported that its classified business, including help-wanted, real estate, and autos, fell 17% in May. Recruitment classified revenue in its 3 metro papers dropped 28%, with the biggest decline of 41% occurring in Tampa. Real estate classifieds fell by 25% and auto [...]
The Wall Street Journal reported today that investors who bought loans backing Avista’s acquisition of the Minneapolis Star Tribune were recently informed that the Star Tribune’s cash flow is 20% lower than what Avista had projected in their financial models prior to the buyout. This type of news is never a good sign, but given [...]
During the month of May, we conducted a study to see what percentage of the job classifieds in the daily papers also appeared on the daily newspaper web site. For every daily paper in the 8 markets we serve, we took a sufficiently large, random sample of jobs each week for 4 consecutive weeks in [...]
With plans to launch its site this summer, Montreal-based Standout Jobs, Inc. announced that it had raised $1.4M in seed financing from Garage Technology Ventures Canada and angel investor Austin Hill. The start-up promises to change the face of recruiting with a job site that leverages social media tools including video, social networking, blogging, and [...]
RSSCalendar.com has put itself up for sale on ebay with a minimum bid of $50,000. Though it’s probably been done before, I’ve never seen a start-up company pursue such an exit strategy. RSS Calendar allows users to create and share web-based calendars using RSS feeds. With 25,000 registered users having posted 500,000 stored calendar events, [...]