It’s been a very interesting past few weeks with a bunch of stories relating to the death of older news and journalism models (daily newspapers) and the emerging models that hope to replace the dailies. Below are a few of the stories that have caught my attention…
• On the old model front, Gannett has cut [...]
The headline is not a critique of Warren Buffett in any way, I simply could not think of a word for newspapers that started with an ‘O’. In any event, Warren Buffett weighed in on the state of daily newspapers this past weekend at the Berkshire Hathaway annual meeting and articulated about as grim an [...]
It has to be the case that the New York Times is reading this blog. The story they ran yesterday on the front page was my #1 prediction for 2008. Either that or they’ve been reading Alan Mutter’s blog, or tweets from themediaisdying or any of the other countless blogs, articles, industry analysts, pundits, experts, [...]
On December 31st of 2007, I made 10 predictions for the coming year. The #1 prediction was that a major metro market in the U.S. would lose its daily newspaper in 2008. While some smaller newspapers have folded and other larger ones have been put up for sale without any serious takers, the prediction at [...]
The best commentator on the decline of the dailies, Alan Mutter – aka the Newsosaur, recently uncovered a very interesting McClatchy filing with the SEC and has written an excellent post about what it might mean. Essentially, McClatchy’s CEO has resigned from the family trusts that own a 41% stake in McClatchy, a step that [...]
The visible decline of the dailies probably began 5 years ago with readers abandoning the daily newspapers for better, cheaper, more convenient alternatives. The slow decline in subscriptions turned into a pretty rapid decline and eventually forced advertisers to re-examine the deteriorating value proposition that newspapers offered. The decline in subscription revenue, combined with the [...]
Even NBC Nightly News has finally caught on to the certain death of the daily newspaper industry. Last night, Brian Williams and NBC Nightly News ran a story on the rapid decline of the dailies and the almost certain death towards which they are marching. The story focused on the Palm Beach papers and 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% [...]
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 [...]