It was another dismal week for the daily newspaper industry. Here in Minneapolis, the Star Tribune could only muster 6 pages of employment classifieds on Sunday for thye 2nd week in a row (actually it was about 4 with 2 pages of filler). At that level, the paper has got to be inching ever closer [...]
According to a study conducted by the Readership Institute at Northwestern University, daily newspaper sites are failing to capture meaningful market share in the local markets. The results of the comprehensive survey, which looked at 100 markets around the U.S., show that 62% of respondents had never visited their local daily newspaper web site. A [...]
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 [...]
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% [...]
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 [...]