MediaPost |
November 23rd, 2008 |
Email this
October was another bad month for three leading newspaper publishers. The New York Times Co., McClatchy, and Media General--among the few publishers still brave enough to release monthly figures--all saw advertising revenues plummet heading into the fourth quarter. That spells bad news for the newspaper industry as a whole, which [...]
Biz Journals |
November 23rd, 2008 |
Email this
The parent company of the Wichita Eagle saw continued double-digit drops in revenue in October with revenue dropping 17.8 percent to $176 million from $214 million in October 2007. (MNI)[...]
Biz Journals |
November 10th, 2008 |
Email this
The Kansas City Star will lay off 50 employees throughout the newspaper, an executive said Monday. (MNI)[...]
With the first quarter that has EW Scripps (NYSE: SSP) reporting as a separate company from Scripps Interactive (NYSE: SNI), the newspaper/broadcaster said it will suspend its dividend payment to give it more flexibility as economic conditions worsen. As for Q3 results, EW Scripps swung to a loss from continuing [...]
Romenesko |
November 1st, 2008 |
Email this
Romenesko Memos A Los Angeles Times staffer's memo to colleagues reports the paper's DC bureau "will be under the control of the Tribune Co., much like McClatchy is run. ... The formal announcement will be made on Nov. 7, people will be informed they will be laid off on the [...]
MediaPost |
October 29th, 2008 |
Email this
Newspapers are seeing red in newsrooms nationwide. On Tuesday Gannett said it would be laying off 3,000 employees, or roughly 10% of its total work force of about 32,000. Not only are big companies like McClatchy and Tribune cutting, but their smaller competitors are also swinging the axe with abandon.[...]
Editor |
October 27th, 2008 |
Email this
The Bradenton Herald announced plans to relaunch its website this week. The new design is set to aid in the integration of news, advertising and information-sharing between print and online editions.The Herald will expand multimedia capabilities and include original video content throughout the site.The new site will be simplified, more [...]
Editor |
October 23rd, 2008 |
Email this
According to PaidContent, although ad revenue is down 19 percent and interest expenses on $2.1 billion of debt, newspaper companies are still profitable. McClatchy CEO Gary Pruitt believes that ad revenue declines are cyclical and newspapers will not go out of business.PaidContent's Lauren Rich Fine offers this advice, "For [...]
In the latest edition of the "Fitz & Jen Give You the Business" Podcast: One of the first companies out of the Q3 gate, Fitz and Jen discuss what��s going on at McClatchy. Bond analysts are circling the wagons, Fitch nudged the company��s rating closer to junk status, and ad [...]
McClatchy has recently signed a new deal with the Associated Press, and does not plan to give notice as some newspapers and newspaper groups - most notably - have done. McClatchy said that in its[...]
The real estate downturn has had a wider effect on The McClatchy Company's (NYSE: MNI) ad revenues apart from just lower classified dollars coming in. As chairman and CEO Gary Pruitt explained at the start of the company's Q3 conference call, anything related to purchases for the home, such as [...]
The Q308 earnings season has started in earnest, and this promises to be a busy week. Watch out for: Monday, October 20, 2008 -- Netflix -- SanDisk Tuesday, October 21 -- Yahoo -- McClatchy Company -- Apple Wednesday, October 22 -- *AT&T;* -- Amazon.com -- Baidu -- Omniture Thursday, October [...]
The NYT weighs in on newspapers' struggles amid the online ad slowdown and surveys a number of different strategies being employed. McClatchy, for one, says they are decidedly reducing the number of online ad units in invetory. "It is a case where yeah, you could probably sell another advertiser by [...]
Romenesko |
October 8th, 2008 |
Email this
Nieman Watchdog John Walcott said as he accepted the first I.F. Stone Medal for Journalistic Independence: "Tony Ridder and Gary Pruitt have come in for a lot of criticism in recent years, but let me say this as plainly as I can: First Tony and now Gary have never been [...]
Romenesko |
October 8th, 2008 |
Email this
Online Journalism Review They're handicapped by their investment in a fast-disappearing past and are sometimes slow to see how quickly the information revolution is occurring, says David Westphal, who recently left McClatchy's Washington bureau to join USC Annenberg. "Will young journalists with no investment in the past (for good and [...]
SF Chronicle |
September 29th, 2008 |
Email this
The publisher of the Fresno Bee says he plans to retire Oct. 13 after 41 years with the company that owns the newspaper. Ray Steele Jr. announced in the Bee on Monday that he will be succeeded by William H. Fleet, publisher of the McClatchy Co.'s Bradenton[...]
ASSISTANT SPORTS EDITOR: The Beaufort Gazette, a McClatchy newspaper in Beaufort, a coastal South Carolina community, has an opening for an assistant sports editor. The candidate[...]
