My tagline says it all...
Posted on 01/02/2009 12:03:48 PM PST by Rufus2007
Some call it "the dead tree edition" of the news media. But as 2009 dawns, trees may not be the only casualties.
Newspaper companies as an investment are less lucrative than they once were. Alan D. Mutter, a Silicon Valley CEO, pointed out on his blog that newspaper companies took a hit in 2008 in terms of share value to the tune of $64 billion.
"In the worst year in history for publishers, newspaper shares dropped an average of 83.3% in 2008, wiping out $64.5 billion in market value in just 12 months," Mutter wrote on Jan. 1. "Although things were tough for all sorts of businesses in the face of the worst economic slump since the 1930s, the decline among the newspaper shares last year was more than twice as deep as the 38.5% drop suffered by the Standard and Poor's average of 500 stocks."
..more (w/video)..
(Excerpt) Read more at newsbusters.org ...
I’ve said it before...
Pandering to exactly half your audience by bashing the other half of your audience, and expecting 100% readership shows the stupidity of this form of media.
And the greater stupidity is that they STILL will not admit this even while standing on a sinking ship.
Pride goeth before a fall.
This is my first post as a new member here. I hope I’m doing this right.
It’s too bad to see the old media die. As an old movie fan, I enjoy seeing movies with hard-boiled reporters who leave no stone unturned... Of course, our media hasn’t been that in several decades, if at all.
boy, the tree huggers should be happy. look at all the trees we are going to save by not having the NY times hanging around hehe.
Yes. It’s true that I haven’t bought an LA Times in years because of the the shoddy liberal journalism on their frontpage and in their Metro sections, however, I do miss some of the other sections (books, Entertainment, and business.) The main reason they are going out of business though is not the wrath of conservatives (though we could help prolong their life), but Craigslist.
They lie, they die.
Welcome to FR
Newsprint paper is made from cottonwood trees - fast growing. Majority of newsprint paper comes from Canada ...
I think the consensus here would be that we would love to see an army of hard boiled reporters turning over stones and exposing a lot of the fraud, waste, and abuse committed by politicians of all parties. The reality is that the bias is so severe that the operative mode is that no republican mistake is too small to magnify, and no democrat mistake is too great to minimize. Piss on the media.
Deadline USA, starring Humphrey Bogart. Nowadays, the Drive-By Media is the mouthpiece for Organized Government.
What will we line our bird cages and cat litter boxes with when the papers go belly up!!!
I agree that what's happening to the old media is sad in a sense, but they have definitely brought it upon themselves with their incredible arrogance.
My tagline says it all...
Welcome.
Are you sure you’re not DJ Dozier?
Especially when the 50% they pander to mostly belong to the not for profit sector.
Private sector aka mostly Republicans are the business people who take out most of the ads.
The left never was very good at fast thinking.
Start saving the free local weekly news that comes in the mail.
Thanks to everyone who extended a welcoming to me.
As for the DJ Dozier - no relation but you can imagine with my name I was teased with “Bull Dozer” comments while in grade school.
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