The New York Times summarized the dismal year that the daily newspapers are having, claiming it’s the worst ever in terms of percentage decline in ad revenue. In 2007, newspaper ad sales dropped 8%, and this year it’s falling another 12%. May saw declines of 14-15%, and The San Francisco Chronicle is losing $1 million [...]
Always one step ahead of everyone else, Cheezhead has declared that he has moved beyond ripping Monster, declaring in an early June podcast that he no longer finds it sporting, fun, or even interesting. I still, however, cannot resist. Monster has lost its leadership position in online classifieds to CareerBuilder in large part because the [...]
As I have written about previously, Landmark Communications has put its media assets up for sale. In addition to The Weather Channel, the crown jewel of the group, the private equity firm owns a bunch of small and medium-sized dailies and community newspapers, shoppers and weeklies, and the Employment Guide. Lehman Brothers, who is handling [...]
Back in May, McClatchy issued an SEC filing in which it had written down its 49% ownership stake in the Seattle Times from $102 million in 2006 to just $12 million, a drop of nearly 90%. McClatchy acquired the minority stake in its purchase of Knight Ridder and the Blethen family owns the remaining 51% [...]
As detailed in a new study by Yankelovich in association with Sequent Partners, traditional media delivers a significantly more positive impression on consumers than digital media. The study, entitled “When Advertising Works” was released yesterday and tested people’s reactions to various advertisements across 16 media channels. The traditional media, which included TV, billboards, magazines, newspapers, [...]
As if dancing around onstage like a drunken buffoon wasn’t enough, Microsoft CEO Steve Ballmer followed it up by declaring that all media will be delivered over an IP network within 10 years. Though there are a ton of enormous ramifications to that prediction (ever read a book, Steve?), one of them is that there [...]
This month’s Vanity Fair has an excellent story on the early origins of the web. While the story and the personalities are pretty well known, the Vanity Fair piece contains first-hand accounts from not only the key players directly involved with Arpanet back in the 60’s but also from an excellent collection of people that [...]
Rich Barton, the founder of Zillow, a site that publishes information about specific home values, has launched his next site which aims to do the same thing to with salary information. Glassdoor.com, which launches today, publishes salary information on specific positions within specific companies. Much like Jobvent.com or TheFunded.com, which provides user-submitted reviews of venture [...]
With the well-documented problems plaguing both Midwestern dailies, it’s a toss-up as to which metro market will lose its daily newspaper first, Minneapolis or Chicago. The Newsosaur Alan Mutter has another great post today on the vastly different approaches that Rupert Murdoch and Sam Zell have taken since both acquired their newspapers roughly 6 months [...]
Portfolio remains the best business magazine on the market today, and stands as the best new magazine I’ve read in some time. In an article this month entitled ‘Paper Tigers,’ Roger Lowenstein details the efforts of Charles Madigan to compile previously published articles relating to the decline of daily newspapers. It’s a solid article and [...]