Keyword: dbm
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According to an informed source, the Washington Post will soon announce that it will close its news bureaus in New York, Chicago, and Los Angeles, as part of a cost-saving measure. It's unclear just when the closings will take place; however, the source says that the Post will not be laying off correspondents in those bureaus, but rather will be bringing them back to the mother ship, the better to focus on the Post's core mission of reporting on Washington. More to come. UPDATE, 5:03 P.M.: Memo from management---though correspondents are spared the ax, three news aides will lose their...
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Remember how big the November sweeps used to be? For viewers, the memory is becoming more distant. On the last Thursday of the still-big November TV period, virtually every network show took it on the chin. Similar ratings trends also took place earlier in the week. Big shows -- such as ABC's "Grey's Anatomy," CBS' "CSI," NBC's "The Office" and Fox' "Fringe" -- all sank lower versus their respective results of a week before. Some of this could be due to a NFL Network Thursday night game between the Miami Dolphins-Carolina Panthers. That network's Thursday games have been pulling in...
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Oprah Winfrey is fleeing broadcast TV for cable. NBC, once arguably the biggest cultural tastemaker in the United States, is being shopped to Comcast, the country’s largest cable company. Have we reached a tipping point that suggests a remarkable decline in the fortunes of broadcast television in America? snip Analysts and executives agree that the economic model of broadcast — which relies more heavily on advertising than cable — is fractured. What they are wondering now is if it is irreparably broken. snip The business model of the big three networks — which became four when Fox began prime-time programming...
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Multiple sources are reporting that several employees at washingtonpost.com are losing their jobs as part of the merger of the site with the main Washington Post newsroom. Several of dot-com's editorial staffers as well as some non-editorial workers are among those who've gotten the ax, according to the sources. City Desk is not printing names just yet. We've contacted several allegedly dismissed employees but have not yet received direct confirmation from them. When asked if the Web site has laid off employees, Washington Post spokesperson Kris Coratti responded with this statement: "As part of the work we’re doing to turn...
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The economy may have rallied in the third quarter, but the newspaper industry did not, as total advertising revenues -- including print and online -- tumbled 28%, from roughly $10.1 billion in the third quarter of 2008 to about $6.4 billion this year. The third-quarter loss is on par with first and second-quarter declines of 28.3% and 29%, respectively. As in previous quarters, losses were spread evenly across all the main newspaper advertising categories -- including national, down 29.8%, retail, down 24%, and classifieds, down 37.9%. National advertising in particular reached a discouraging milestone in the third quarter, with total...
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"Most Americans probably already know pretty much what's happened by the time they get home at night, with radio and the Internet and iPods," says retired TV newsman Roger Mudd. "So at 6:30 p.m., they don't want to sit in front of television for a half hour and have someone tell them what they already know."
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The biggest magazines in the Time Inc. empire — People, Time, Sports Illustrated, Fortune and Money — should find out today how many volunteers have stepped forward to accept buyout packages. Time Inc. is said to be looking to slash more than 500 jobs from its ranks, with the bulk of the layoffs to happen next week before the process is wrapped up by year-end. While not all titles outlined how many volunteers they need, sources said that Time Inc.'s biggest magazines could eliminate as many as 90 editorial positions. Fortune is expected to see the deepest cuts at about...
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Last month we heard that the AP might need to make hundreds of layoffs before the end of the year. Some of those layoffs, we hear, could be coming today. A tipster tells us that the word amongst AP union members is that today could be the day for "70 or 80" layoffs. The rumors say that the layoffs will be spread across the company nationally. Although—ominously—we hear that New York staffers have been summoned to an "important meeting" this afternoon. We'll update if we learn more. In the meantime, if you have more details, email us. UPDATE: Another reporter...
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Atlanta's gay community has lost its Southern Voice. The city's gay and lesbian weekly has shut its doors after 21 years. Southern Voice, along with David Atlanta, a publication about gay men's nightlife in Atlanta, closed after a long-time financial battle to stay afloat. Southern's owner, Washington, D.C.-based Window Media LLC, shuttered the weekly newspaper and a handful of other gay publications nationwide over the weekend, the newspaper's editor, Laura Douglas Brown, confirmed to the AJC on Monday. Employees arrived at the newspaper's offices off of Briarcliff Road early Monday to find the door locked and a sign posted on...
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Washington gay and lesbian newspaper The Washington Blade has ceased publication and is closing Monday, along with its parent company, Atlanta-based Window/Unite Media LLC. Window/Unite published five gay and lesbian publications, including Southern Voice, South Florida Blade, The 411 Magazine and David Atlanta. All will stop publishing, and three of the company's offices will close. The news, first reported by Washington City Paper’s sister paper Creative Loafing Atlanta, was confirmed by a Washington Blade employee. The publication has also stated the news on its Twitter feed: “Washington Blade, like all Window Media publications, is closing today. Thank you for your...
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After losing its ratings lead and falling to last in primetime, the once-dominant CNN stands to lose the last piece of top-shelf value still attached to its business side: premium pricing. Time Warner-owned CNN, while getting beaten handily in the ratings race and having fallen to fourth place in rankings, still commands higher ad rates than rivals -- in some cases double those of Fox News and MSNBC. But perhaps not for long. While advertisers have been willing to shell out more for CNN's venerable brand, broad audience reach and less-opinionated programming, media buyers said the network's ratings slide is...
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When, in late September, rumors surfaced that Comcast was trying to buy NBC Universal from General Electric, Wall Street reacted with dismay. Grandiose attempts to combine media production and distribution — programming and plumbing — are nothing new in the entertainment business, but they almost always end in disappointment. Witness AOL Time Warner. So what in the world could be prompting the Comcast chief executive, Brian Roberts, to start down this accursed path? I fear that I’m to blame. A few months ago, while stalking the aisles of my local Best Buy, I gave in to techno-temptation. I bought a...
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Sarah Palin's new book "Going Rogue" is set for release on Nov. 17 and with that will likely come a media blitz of epic proportions. However, based on the cover of the Nov. 23 issue of Newsweek, someone felt a response was warranted. The wizards of smart at Newsweek took an image from a shoot of Palin that originally appeared in Runner's World magazine for the cover and splashed the headlines, "How Do You Solve a Problem Like Sarah?" and "She's Bad News for the GOP - and For Everybody Else, Too." ...more (with bare-legged Palin cover)...
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Layoffs are not over at The Associated Press. AP CEO Tom Curley addressed staffers Thursday at a company-wide Town Hall forum, saying: "I know you all would like me to sound the all clear. I cannot do that." While many employees have been shown the door, there will yet be cuts in order to slash 10% from the payroll as planned. Curley and other executives discussed a number of iniatives aimed at bringing AP into the digital future. Included in the plans: * They want to create landing pages, curating news and linking to other users to drive traffic to...
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Newsweek editor Jon Meacham informed staff today that about a dozen positions would be eliminated due to the "economic climate in publishing." Meacham, in a memo obtained by POLITICO, noted that the magazine has taken a different direction this year, and despite the layoffs claimed that it "continues to appear promising in terms of building and retaining an engaged audience that we hope will be attractive to advertisers." Full memo from Meacham after the jump. To the Staff From Jon Meacham This has been a tough day for the magazine. Because the economic climate in publishing has become ever more...
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Things seem to be going from bad to worse at the Washington Times. And the continued operation of the newspaper, which is owned by Rev. Sun Myung Moon's Unification Church, seems to be in serious doubt. There's already been plenty of speculation that the paper might fold or go online-only. Sources at the Times said they fear major changes and that the Moon family feud that's driving the paper's turmoil could lead to the Times shutting down in the coming months -- with some suggesting that Preston Moon, the reverend's son who serves as chairman of News World Communications, the...
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Much of the talk in the sports media world last fall centered on whether an effective competitor would step up to compete with ESPN. ESPN had just outbid Fox by $100 million to secure the rights to college football’s Bowl Championship Series through 2014, thanks mainly to its dual revenue stream that has cable and satellite operators making a monthly payment of more than $4 per subscriber for the channel. At the time, some sports league executives were fearful that ESPN would become a de facto monopoly that eventually would wind up driving the cost of sports rights down. If...
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The Star Tribune is cutting another 100 jobs companywide to further shave costs after bankruptcy. The company's operating committee announced the cuts this morning, saying that the "cracking of our historical economic model and the current Great Recession have forced us to move quickly to make meaningful and difficult adjustments over the next few months." About 30 of the cuts will come from the newsroom and editorial staff -- about a 10 percent reduction -- Star Tribune Editor Nancy Barnes said. The company said most of the cuts would be completed by the end of the year, but that the...
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The state of New Hampshire last week agreed to guarantee 75 percent of a $250,000 loan from an Upper Valley bank to the new owner of the Eagle Times, an unusual deal because it involves a daily newspaper and the government it covers. The Executive Council on Wednesday unanimously approved without debate the “working capital loan guarantee,” which would be administered by the New Hampshire Business Finance Authority. Under the deal, the BFA and the state would be liable to pay up to $187,500 to Connecticut River Bank if Eagle Printing & Publishing LLC defaulted on the $250,000 line of...
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2:15 PM UPDATE: I've learned that 100 people are being laid off across "several divisions" of the A&E Television Networks yesterday and today "as a direct result of the merger". It will make those employees feel so much better that management tells me it's "no one in a decision making role." A&E Television Networks in August acquired Lifetime Entertainment, and everything is now owned by the Disney-ABC Television Group, Hearst and NBC Universal. Big Media = Big Mergers = Big Mistakes.
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The historic campus of Washington and Lee University in Lexington, Va., has offered instruction in journalism for well over a century — but probably never quite like this. On Friday, the twice-yearly Washington and Lee Journalism Ethics Institute will hear from its latest keynote speaker: Jayson Blair, the former New York Times reporter who triggered the greatest scandal in the newspaper's history. "Getting Jayson Blair obviously was a departure," says Edward Wasserman, the Knight professor of journalism ethics at Washington and Lee. Indeed. The keynote address is typically reserved for people like Lowell Bergman or Toni Locy, journalists who withstood...
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Fortune and Sports Illustrated will be the hardest hit magazines in the mass layoffs that just began at Time Inc. About 40 people will be laid off from Fortune, with Managing Editor Andy Serwer looking to cut roughly 24 from the 80-strong edit staff, insiders said. Although he didn't reveal numbers, in an e-mail to staffers yesterday Serwer asked for volunteers by Nov. 18. Fortune had already said that starting next year it will go from 25 issues to 18. SI will be making similar reductions, a source said. Time Inc. is expected to eventually cut just over 500 jobs....
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Newspaper publishers are running out of costs to cut, and they need to show some real ad-revenue gains soon. Executives from major publishing chains have clung to a slight moderation in their ad revenue's year-over-year rate of decline from quarter to quarter this year as a sign of improvement. But that probably has more to do with the mathematics of easing comparisons to last year's economic decline than it does with any actual improvements in this year's ad performance. The reality is that newspapers are suffering severe declines in ad revenue this year on top of the double-digit percentage declines...
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The guillotine has begun its descent at Time Inc. Sources at the publishing company (which is part of the same conglomerate as DailyFinance parent AOL) say executives have asked for an emergency meeting with representatives of the Newspaper Guild to discuss job eliminations. A Time Inc. spokeswoman declined to comment, but John Shostrom, chairman of the company's Guild unit, said the meeting will take place "soon." He said it was Time Inc. that called the meeting. "They act, and we react," said Shostrom. "The Guild doesn't lay people off. We just fight back when they make proposals to lay people...
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With the noise level rising over consumers possibly paying a fee for TV shows online, now comes a report that iTunes is considering an all-you-can eat $30-a-month TV service. A new subscription service would turn iTunes into a pseudo cable and satellite TV operator -- a company that charges monthly fees for traditional TV/cable networks. The difference is that iTunes service would be sans advertising. Shows would not be distributed via linear networks -- but, as iTunes does now, by program. The story was first reported in AllThingsD.com. Apple's iTunes Stores is the original digital video Internet service, launching with...
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The Tribune Newspapers will cease operations on Dec. 31, the parent company Freedom Communications said Monday. Read the company's news release (PDF) Freedom officials made the announcement to Tribune employees Monday morning, citing the economic recession and changes in the newspaper industry that have cause many publications to close and others to file for bankruptcy protection. Freedom, which itself is operating under Chapter 11 reorganization, had been attempting to sell the Tribune, but no acceptable offers have come forward, said Interim Chief Executive Burl Osborne. “We have received a number of inquiries, but none at a level we would remotely...
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CBS4 I-Team Investigator Stephen Stock went undercover with other I-Team member to find suspect medical clinics operating in South Florida one step ahead of the law. The grainy, shaky undercover video tape shot by the CBS4 I-Team shows dozens of...........
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snip It is not only the demise of big-name papers that should raise concern; the rapid decline of the newspaper industry is playing out quietly, with small, reasonably responsible dailies in cities and rural regions across the country disappearing without widespread notice. Dozens of daily and weekly newspapers have closed this year. Cities that once enjoyed the fruits of newspaper competition (Denver, Seattle) are starving. "Surviving" publications -- and many have filed for bankruptcy -- are cutting reporting staffs to the bone (this month, the New York Times said it would cut 100 more newsroom jobs). International bureaus, statehouse bureaus...
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Signaling that worse times are ahead for magazines, Time Inc. is expected to announce next week that it will cut $100 million from costs, including another big round of layoffs. The timing is coordinated with parent company Time Warner’s third-quarter earnings announcement, sources said, scheduled for Wednesday morning. Time Inc., the publisher of titles like Time, Fortune, and People, has already cut costs dramatically: a year ago, it announced it was dismissing 6 percent of its work force, or about 600 people. That was apparently not enough to make up for revenue declines. The $100 million in costs is expected...
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Time Inc. is bracing for another round of cutbacks. Sources say the layoffs will be most severe in the division that includes Fortune, Sports Illustrated, Time and Money, and will be carried out before the Thanksgiving break. Since many of the old-line titles at Time Inc. are covered by union contracts with the Newspaper Guild, the company will likely have to offer voluntary buyout options as part of the downsizing. Time is running out if it hopes to complete the layoffs and write off the costs in the fourth quarter. Ann Moore, CEO of Time Inc., personally took over supervision...
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[This speech was given on October 24, 2009, at the Birthplace of Economic Theory conference in Salamanca, Spain.]"The web and digital media are to the establishment what the printers were to the scribes." Standup comedian Louis C.K. has a routine called "everything's amazing, nobody's happy." The gag has people on an airplane, sitting on comfy chairs and flying through clouds. They are complaining that the wireless connection is too slow.There is truth here. Capitalism has made everything amazing, and yet everyone these days seems to hate capitalism.Let's leave aside the problem that it takes economic understanding to see cause and...
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Jayson Blair, who was at the center of a major journalism scandal as a New York Times reporter in 2003, will be the featured speaker at Washington and Lee University’s 48th Journalism Ethics Institute on Friday, Nov. 6. The title of Blair’s talk is “Lessons Learned.” The public is invited to the presentation at 5:30 p.m. in Stackhouse Theater, Elrod Commons. Blair resigned from the Times after an investigation found that he had plagiarized and fabricated major portions of stories that he had written during four years with the Times. Some of the stories that he covered in this manner...
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No surprise that Americans are dropping their newspaper subscriptions, as a new batch of numbers from the Audit Bureau of Circulations showed yesterday. But before you file this under “death of newspapers”, do ponder this for a second: Declining circulation might not be the worst news in the world. Tough times have forced many papers to rethink their circulation strategies. An obvious conclusion: Much of the money publishers were spending to print and deliver dead trees has gone to waste. New strategy: Print fewer copies, and charge more for the ones you do sell. That’s a tactic, not a strategy,...
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THE WALL STREET JOURNAL -- 2,024,269 -- 0.61% USA TODAY -- 1,900,116 -- (-17.15%) THE NEW YORK TIMES -- 927,851 -- (-7.28%) LOS ANGELES TIMES -- 657,467 -- (-11.05%) THE WASHINGTON POST -- 582,844 -- (-6.40%) DAILY NEWS (NEW YORK) -- 544,167 -- (-13.98%) NEW YORK POST -- 508,042 -- (-18.77%) CHICAGO TRIBUNE -- 465,892 -- (-9.72%) HOUSTON CHRONICLE -- 384,419 -- (-14.24%) THE PHILADELPHIA INQUIRER -- 361,480 -- N/A NEWSDAY -- 357,124 -- (-5.40%) THE DENVER POST -- 340,949 -- N/A THE ARIZONA REPUBLIC -- 316,874 -- (-12.30%) STAR TRIBUNE, MINNEAPOLIS -- 304,543 -- (-5.53%) CHICAGO SUN-TIMES -- 275,641...
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The latest FAS-FAX for the six months ending Sept. 30 is here in a matter of moments and some numbers are already trickling out. We already know about the massive 17% drop at USA Today and now there's this: Compared to the same six-month period ending September 2008, daily (Monday-Friday) circulation at The New York Times is down 7.2% to 927,851. Sunday fell 2.6% to 1,400,302. Los Angeles Times reported daily is off 11% to 657,467 and 6.7% on Sunday to 983,702. The San Francisco Chronicle lost more than a quarter of its daily circ, down 25.8% to 251,782. Sunday...
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Local TV teeters as staff, anchors are axed As a top anchor in Los Angeles, John Beard worked during the heyday of local TV news -- covering earthquakes, riots and the occasional celebrity on the loose. Beard was a familiar presence on L.A. TV screens for 30 years, via lead anchor roles on KNBC and then KTTV. But three decades after arriving on the West Coast from Buffalo, Beard is back where he started, anchoring a morning newscast in that small western New York community. Beard had a great run in the nation's No. 2 market -- but his exit...
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Former CBS news anchor Dan Rather urged American news consumers Thursday to take action to address the declining state of the journalism industry. More than 750 Austinites, including students, professors and journalists, attended the fifth annual Mary Alice Davis Distinguished Lecture in the Union Ballroom to hear Rather reflect on his more than 60 years as a journalist, including 24 years with CBS Evening News as an anchor and managing editor. “When we speak of the future of journalism, let us fully understand that quality journalism of integrity is currently in decline and in peril,” Rather said. He cited corporatization,...
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Time Warner Inc's (TWX.N) magazine division Time Inc plans another round of job cuts as advertising declines erode revenue, a source familiar with the unit said on Thursday. The job cuts at Time Inc -- which publishes Time magazine, People, Sports Illustrated and Fortune -- would be at about the same level as the division cut last year, the source said. Time Inc. cut more than 600 positions, or more than 6 percent of its workforce, in that round. The company declined to comment, though a spokesman for Fortune magazine separately said that it plans to shave the number of...
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The New York Times Co. said Thursday that it lost $36 million, or 25 cents a share in the third quarter, compared to a loss of $106 million, or 74 cents a share, in the same period a year ago. Earnings per share from continuing operations, excluding severance and special items, were 16 cents. Revenue fell 17% to $571 million from $687 million. Analysts polled by FactSet Research estimated, on average, a loss of 2 cents a share and sales of $576 million.
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The White House’s extraordinary assault on the Fox News Channel will end in tears – and not for Rupert Murdoch, Fox’s owner. The Obama administration has embarked on a high-risk strategy of shooting the messenger, in effect blaming its plummeting poll ratings on alleged political bias at the number one 24-hour cable news network. As Anita Dunn, the Mao-quoting White House communications director put it in an interview with The New York Times: “We’re going to treat them the way we would treat an opponent. As they are undertaking a war against Barack Obama and the White House, we don’t...
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You'll be able to watch popular cable television series such as HBO's "Entourage" and AMC's "Mad Men" on your computer by the end of the year without paying extra — as long as you're a Comcast Corp. subscriber watching at home. Comcast will be the first cable TV operator to unlock online access to a slate of valuable cable shows and movies, aiming to replicate what's available on television through video on demand. Time Warner Cable Inc. and others plan to follow as the pay-TV companies look to satisfy growing consumer appetite for online video while preserving subscription revenue. Access...
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In case the latest ZenithOptimedia ad-spending forecast wasn't depressing enough, the outlook for newspapers and magazines is especially bad -- even relative to the grim state of advertising in general. Among the gloomy predictions: while overall ad spending is expected to rebound somewhat in 2011, newspapers and magazines will continue to decline due to secular factors, including Internet competition. ZenithOptimedia expects total ad spending in developed markets to drop 9.9% in 2009, followed by a further 2.9% decline in 2010, thanks to continuing structural economic problems. After this, the Zenith forecast has ad spending in developed markets growing 1.5% in...
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The New York Times (NYT.N) plans to cut 100 newsroom jobs by the end of the year through buyouts and might resort to layoffs as it reels from the advertising revenue drop that is imperiling U.S. newspapers. The news, delivered in a memo to employees by Times Executive Editor Bill Keller on Monday, comes after the newspaper's workers already took a 5 percent pay cut for most of this year and a similar program last year. "When we took our 5 percent pay cuts, it was in the hope that this would fend off the need for more staff cuts...
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Cost cutting produced a solidly profitable third quarter for Gannett Co. But the latest financial results for the country's largest newspaper publisher show another big decline in ad revenue. Gannett owns USA Today, more than 80 other newspapers and 23 television stations. Its earnings Monday follow a similar report last week from McClatchy Co., another big newspaper owner that has managed to profit even as its main revenue source withers. Gannett's ad sales in its publishing division dropped 28 percent from a year ago. That follows a 32 percent decline in the second quarter and a 34 percent decline in...
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<p>TEL AVIV – President Obama's presidential campaign focused on "making" the news media cover certain issues while rarely communicating anything to the press unless it was "controlled," White House Communications Director Anita Dunn disclosed to the Dominican government at a videotaped conference.</p>
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(HITPIECE ALERT) http://www.reuters.com/article/newsOne/idUSTRE59F5GX20091017SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc is taking its ferocious price cutting into new markets as the economy shows hints of recovery.
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The NYT is calling Marcus Brauchli, the executive editor of the Washington Post, a liar. The NYT has reported this morning -- in a brief, buried "postscript" in the corrections column -- that it now has evidence that Brauchli lied last July when he told the NYT that he didn't know the paper's controversial corporate-sponsored dinner parties would be off-the-record. The NYT doesn't state flatly that Brauchli lied. But the juxtaposition of the two Brauchli statements in the postscript make clear the NYT's position that he misrepresented the truth in interviews with the NYT. [UPDATE: In an email to The...
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Can you do journalism and not be a "journalist"? Do people declared "journalists" get special speech and press rights that other American citizens do not enjoy? Can anyone enjoy the right to free speech and free publication, even if that individual is not a full-time professional reporter? These are some of the important legal questions that American politicians and bureaucrats must confront now that the Internet has made possible for people other than employees of major media companies to reach large and widespread audiences. In recent weeks, federal officials seems to be favoring a view that certain individuals enjoy more...
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Some things to ponder in the wake of today's news that the New York Times Co. won't be selling the Boston Globe after all (Herald story here, Globe story here, entire memo to follow): 1. Given the speed with which the Times Co. decided to reject the bids assembled by Steve Taylor and Platinum, it seems--at least from the outside--like not a lot of deliberation was required. When did the Times Co. make up its mind not to sell? And what was the determing factor? 2. The elimination of lifetime job guarantees earlier this year paved the way for some...
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One year ago, the Newhouses were threatening to close down their treasured jewel, The Star-Ledger, unless the paper’s union made a series of concessions, which included cutting the newsroom by 40 percent. They got what they wanted, and it seemed like things could go back to normal, albeit with fewer deckhands on the ship. Yet on Monday, George Arwady, the publisher of the The Star-Ledger, wrote in a memo to staff that “the revenue situation at our newspaper has worsened this year, and we expect a further significant revenue decline next year.” Now, the paper needs to cut 50 more...
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