A great blog post by Scott Karp on Publishing 2.0 highlights the extent to which papers like the New York Times are obfuscating the full extent of the decline in print advertising revenue. As bad as the stories have been over the past few years about the decline of daily newspaper print revenue, the truth [...]
Monster announced yesterday that it is laying off 15% of its workforce, or roughly 800 people. The announcement followed the release of their quarterly financials - Q2 earnings dropped 28% even though revenue was up 20%. Looks like costs have gotten somewhat out of control. And no wonder, considering the fact that Monster’s ability to [...]
Bruce Sherman and his fund, Private Capital Management (PCM), have apparently been unloading their shares in daily newspaper companies at a pretty rapid clip. At one point, the fund had invested about $4 billion in a number of companies including McClatchy, Lee Enterprises, Gannett, the New York Times, Knight Ridder, Belo, and Media General. Even [...]
Thanks to Riveting Rosie for calling out one of the worst web gaffs I’ve seen in a long time. First, the new logo for JobFinderUSA is, as Rosie rightly points out, a total rip-off of LinkedIn, which by itself is an egregious flaw for any company. Secondly, I’m not sure where the ad ran, but [...]
Jupitermedia Corporation has purchased Mediabistro.com, a site that originated from the founder organizing cocktail parties and networking events for media professionals and eventually grew to include vertical-specific job listings and content. Jupitermedia is paying $23 million for the site which had 600,000 unique visitors last year and generated revenue from employer listings and premium content [...]
The Washington Post, continuing to strengthen its position as one of, if not THE most thoughtful, innovative, and successful newspaper in the country, launched LoudonExtra.com yesterday. The site is a hyper-local site dedicated to Loudoun County, Virginia. The site contains local news, restaurant reviews, a calendar of local events (the first event relates to celebrating [...]
Sweet Land is finally out on DVD and I would strongly urge anyone who likes great movies to rent or buy the DVD. It is a phenomenal, beautiful movie by Ali Salim who wrote the screenplay and directed the film. It won Best First Feature Spirit Award For Independent Film and has received incredible reviews.
Taken [...]
The daily newspaper industry, already in shambles, received more bad news recently with ebay’s U.S. launch of Kijiji. Despite the challenging name, the site is basically an exact replica of Craigslist which ebay invested $25 million in a few years ago (so much for amicable strategic corporate investors). With free classified listings for real estate, [...]
Workforce Management recently reported that a number of niche job boards catering to military veterans are unhappy with the Department of Defense’s awarding of a contract to Monster’s site Military.com. Under the exclusive contract, Military.com will power a new DOD site aimed at helping veterans transition back into civilian life, TurboTAP.org. As such, all registered [...]
David Carr has written another excellent column on the front page of the New York Times business section today entitled “Ethics Tenet Is on Trial In Minnesota.” As many observers from across the country have done in the past few months in covering the civil trial of Par Ridder, Carr provides more scathing commentary on [...]