| Yesterday |
| 07:36 PM |
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(WPO) The Washington Post Company Cuts Costs
The Washington Post Company (WPO), a diversified education and media company, recently announced that it would close its bureau offices in New York , Los Angeles and Chicago effective Dec 31, 2009, in an effort to cut costs and focus more on local news.
Consequently, three news aides will lose their jobs, but six affected reporters [...]
(WPO) The Washington Post Company Cuts Costs
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Stock Blog Hub
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| 04:14 PM |
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Machinists Union Ratifies Boston Globe Contract
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Business Wire
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| 04:01 PM |
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Washington Post Slashes Costs
The Washington Post Company (WPO), a diversified education and media company, recently announced that it would close its bureau offices in New York , Los Angeles and Chicago effective Dec 31, 2009, in an effort to cut costs and focus more on local news.
Consequently, three news aides will lose their jobs, ...
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Daily Markets
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| 03:25 PM |
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The Death of Newspapers or the Rise of Reddit?
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Seeking Alpha
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| 10:00 AM |
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Washington Post Cuts Costs – Analyst Blog
The Washington Post Company ( WPO), a diversified education and media company, recently announced that it would close its bureau offices in New York , Los Angeles and Chicago effective Dec 31, 2009, in an effort to cut costs and focus more on local news.
Consequently, three news aides will lose their jobs, but six affected reporters in those bureaus have been offered jobs in Washington.
The newspaper industry has been reeling under the economic crisis. Publishing companies have been experiencing plunging advertising revenue. To survive, the companies are trying to cut costs by trimming headcounts, closing printing plants and so on, whereas others who could not withstand the headwinds went out of business.
In an attempt to cut costs, The Washington Post offered Voluntary Retirement Incentive Program. Recently, 221 employees at The Washington Post newspaper and 44 employees at the Newsweek magazine accepted the offer.
In third-quarter 2009, Newspaper Publishing division revenue tumbled 20% driven by a 28% fall in print advertising revenue at The Post and 18% decline in online revenue, primarily from washingtonpost.com, whereas Magazine Publishing division revenue fell 33% driven by a 48% drop in advertising revenue at Newsweek.
Like Washington Post Company, other newspaper companies – The New York Times ( NYT), Journal Communications Inc. ( JRN), Gannet Co., Inc. ( GCI) and The McClatchy Company ( MNI) – have been grappling with the slump in print advertising demand amid the global meltdown, as advertisers are migrating to the Internet driven by increasing online readership and lower ad prices than print. Read the full analyst report on "WPO"Read the full analyst report on "NYT"Read the full analyst report on "JRN"Read the full analyst report on "GCI"Read the full analyst report on "MNI"Zacks Investment Research
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Stock Market News & ...
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| 09:02 AM |
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The Fall and Rise of Media
Fred Wilson submits:
David Carr has a good post this morning in the New York Times called The Fall and Rise Of Media. The post starts out with the old way of the media business. Kids would come to NYC out of school and work in marginal jobs in the hopes of getting a break and joining the "velvet rope" of mainstream media.
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Seeking Alpha
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| 06:44 AM |
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Rupert Murdoch Isn't Saving Anything
Links aren't content.
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Fool.com Headlines
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| Saturday, November 28, 2009 |
| 04:16 PM |
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Are Consumers Willing to Pay for Online News?
Third Party Feed:
Media Tech Analyst submits: According to a survey by the Boston Consulting Group, consumers are willing to spend small monthly fees to receive news on their personal computers and devices. In the survey of 5,000 individuals conducted in nine countries, BCG found that the average monthly amount that consumers would be prepared to pay ranges from $3 in the United States and Australia to $7 in Italy.
Their key findings include: Complete Story » |
Seeking Alpha
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| Friday, November 27, 2009 |
| 04:10 PM |
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Samsung, New York Times, Team to Offer Netbook
The Samsung Go netbook is now available at a $100 discount to New York Times readers who purchase a one-year subscription to the Times? Reader 2.0 application. The smooth, black netbook features a bright, borderless glass display and up to 10 hours of battery life.Samsung and The New York Times...
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BNET articles | BNET
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| 04:10 PM |
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Samsung, New York Times, Team to Offer Netbook
The Samsung Go netbook is now available at a $100 discount to New York Times readers who purchase a one-year subscription to the Times? Reader 2.0 application. The smooth, black netbook features a bright, borderless glass display and up to 10 hours of battery life.Samsung and The New York Times...
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News items | BNET
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| 11:06 AM |
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New York Times (NYT) NewsBite - NYT Falls on Dubai Worries
New York Times (NYSE: NYT) opened at $8.49. So far today, the stock has hit a low of $8.33 and a high of $8.69. NYT is now trading at $8.69, down $0.30 (-3.34%). Over the last 52 weeks the stock has ranged from a low of ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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MarketIntelligenceCe...
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| Wednesday, November 25, 2009 |
| 11:15 AM |
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Bankrate: Mortgage Rates Set New Record Low
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PR Newswire
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| 07:05 AM |
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Zacks #1 Rank Additions for Wednesday – Zacks Tale of the Tape
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Stock Market News & ...
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| 07:01 AM |
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Federal Reserve Endorses Communism for the Wealthy
Here’s a candidate for the understatement of the year: The Federal Reserve is concerned that their free-wheeling, money-printing, dollar-destroying, quantitative-easing, zero-percent interest rate policy might be “fueling undue financial-market speculation.”
Do ya think?
The Fed is a serial bubble blower worse yet, they have refused to hold the most aggressive and damaging speculators accountable for their own [...]
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Big Picture
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| 07:01 AM |
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Federal Reserve Endorses Communism for the Wealthy
Here’s a candidate for the understatement of the year: The Federal Reserve is concerned that their free-wheeling, money-printing, dollar-destroying, quantitative-easing, zero-percent interest rate policy might be “fueling undue financial-market speculation.”
Do ya think?
The Fed is a serial bubble blower worse yet, they have refused to hold the most aggressive and damaging speculators accountable for their own [...]
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The Big Picture
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| 06:02 AM |
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Rupert Murdoch Saves the World
If we're really lucky, he'll at least save journalism as we know it.
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Fool.com Headlines
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| 03:30 AM |
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New Facebook share structure hints at IPO
BloggingStocks: Facebook is implementing a new stock structure to make sure the founders retain control, immediately causing rumors about an impending initial public offering. Why would Facebook need Class A and Class B shares otherwise? Under the new structure, ... Read more
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BloggingStocks
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| 12:01 AM |
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Why Didn't Bloomberg Acquire Newsweek?
Why Didn't Bloomberg Acquire Newsweek?  |
FOXBusiness.com
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| 12:01 AM |
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Why didn't Bloomberg acquire Newsweek?
Jon Friedman has a modest proposal for data and news behemoth Bloomberg L.P. It should buy Newsweek.
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MarketWatch
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| Tuesday, November 24, 2009 |
| 04:15 PM |
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Tuesday Reads
Fascinating stuff on the intertubes today:
• Fischer Speaking Means Bernanke Listening When Rates Fluctuate (Bloomberg)
• Commercial RE Values Off 43% From 2007 Peak (Globe ST)
• Amazon vs Wal-Mart Price War (NYT) see also Round-Up of Holiday Spending Surveys, Reports (Panzner)
• Fed Said to Ask Banks to Submit Plans to Repay TARP (Bloomberg)
• AIG’s Rescue [...]
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The Big Picture
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More All For NYT
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