Even after generating a slightly higher-than-expected price for Newsday, the Tribune Co. has placed its Tribune Media Services business on the sales block. The division, which distributes news and entertainment listings, generates about $25M in annual EBITDA, could sell for up to $200M. But as the Financial Times points out, every time Tribune sells off [...]
Jeff Taylor, not satisfied with having dealt just one body-blow to the daily newspaper industry in the form of Monster.com, wants to land another in the form of Tributes.com. With $4.3M in seed funding from the Wall Street Journal, Tributes.com aims to bring the obituary page and all the revenue it generates to the web [...]
Congratulations to Scott Dixon and Target for winning the Indy 500. Though I am not a huge racing fan, I always watch the final 15-20 laps of big races, as it can be the most exciting 10 minutes in sports. Watching the replays from earlier in the race, too, there is no question that Danica [...]
As I have written about (here and here), Landmark Communications (which also owns the Employment Guide) has placed its entire portfolio of companies on the sales block. The crown jewel of the lot is the Weather Channel, one of the last remaining independent cable channels. Not only does the weather channel enjoy impressive viewership numbers, [...]
LinkUp, a JobDig site that aggregates jobs directly from almost 10,000 company web sites, received a very favorable review today on AppScout:
If you’re looking for a job, and Monster and Indeed are not helping much, then you might want to check out LinkUp–a new site that exposes the hidden job market.
LinkUp scours the nation to [...]
On occasion, I have and will continue to deviate from my vow to not write about JobDig in this blog, and today is one of those days. With a completely shameless plug, I’d like to promote two of our great advertising vehicles that target HR professionals - eTreat (our weekly digital newsletter) and JobDig’s weekly [...]
Gannett reported that Q1 advertising revenue fell by 10.4%, with declines in all major categories including retail, national, and classifieds. Classified revenue fell by a whopping 15.8%, with a free-fall decline of 23.8% drop in real estate classifieds and a 20.0% drop in employment classifieds. Overall, total revenue declined by 7.7% to $639 million.
Tags: Gannett, [...]
Over the past few months, I have made numerous commitments to myself that I was going to tone down the negativity of my posts regarding the daily newspaper industry. I don’t know whether the people who read this blog are getting tired of the topic or not, but it has started to feel to me [...]
The April jobs numbers were released this week, and my efforts to locate details on the numbers from the Department of Employment and Economic Development (DEED) serve as a perfect example of why daily newspapers are failing so badly these days.
The report itself was pretty grim - Minnesota lost 10,100 jobs in April and the [...]
Silly me for starting to think that things on the venture funding and M&A front were starting to slow down a bit in the online employment classified space. RealMatch announced that they have raised another $3M in funding (albeit a while ago), bringing their total financing to $9.5M in VC funding. More interesting was the [...]