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New York Times print products may last another 10 years, says the company's CEO, Mark Thompson. As the company continues to build its digital presence, it will re-evaluate the demand for print, Thompson says. Meanwhile, the company added 157,000 new digital subscriptions in the last quarter of 2017. New York Times CEO: There will be many times more digital subscribers than print New York Times CEO: There will be many times more digital subscribers than print. The newspaper printing presses may have another decade of life in them, New York Times CEO Mark Thompson told CNBC on Monday. "I believe...

Heilemann: Trump's War On Media "Incitement" For An Oklahoma City Bombing Posted By Ian Schwartz On Date February 20, 2017 Former Bloomberg TV host John Heilemann said Monday on MSNBC's Morning Joe that he is worried that President Trump is inciting "elements in our country that may go ahead and do something" on the scale of the Oklahoma City bombing. Heilemann is afraid that when Trump calls the media the "enemy of the people," that someone may take that "seriously" and use it as a motive to commit an act of domestic terror. "He has been waging war on the...

The newspaper industry is flailing about, desperately trying to replace the revenue which disappeared with the arrival of the internet, giving every appearance of being in its death throes. In the latest example of pre-demise convulsions, the San Francisco Chronicle has quietly dropped its paywall, instituted but four months earlier. Andrew Beaujon of Poynter.org writes: Following a number of reports speculating about the end of the paper's subscription plan, the Chronicle's new publisher and president released a statement that seemed to suggest the company is trying to modify its paywall without giving it up altogether: while all of the paper's...

Fewer Americans closely following political news now than in previous election years WASHINGTON, D.C. -- Americans' distrust in the media hit a new high this year, with 60% saying they have little or no trust in the mass media to report the news fully, accurately, and fairly. Distrust is up from the past few years, when Americans were already more negative about the media than they had been in years prior to 2004. The record distrust in the media, based on a survey conducted Sept. 6-9, 2012, also means that negativity toward the media is at an all-time high for...

Complete Title:CHART OF THE DAY: And Now Let Us Gasp In Astonishment At What Just Happened To The Newspaper Business Over the past decade, lots of big newspaper companies have gone bust. But when you take a look at what's happened to newspaper advertising over that period, it's a wonder they all haven't. Below, via Mark J. Perry and Bill Gross, is a chart we've run before. It shows inflation-adjusted newspaper advertising revenue over the past 60 years. Thanks to the precipitous decline in the last ~7 years, the industry is now back to where we it was in 1950....

Grim News in WaPoVille Washington Post, it sucks to be you: The Washington Post Co. reported its first-quarter earnings on Friday, and the news coming out of the newspaper division was mostly grim. The unit lost $22.6 million in the quarter, with revenue down 8% and revenue from print advertising specifically falling 17%. Meanwhile, the Post just reported one of the biggest circulation drops of any major newspaper with the lucrative Sunday edition selling 5.2% fewer copies and the daily edition skidding almost 10%. Oh, and newsroom leaders are so distressed about the way the business decline is affecting them,...

A lot of people like to bitch and moan about how in the age of realtime information, the stream moves too quickly and as a result, there’s a decent chance of inaccurate news being spread. There’s no question it’s an issue, but with the situation in Egypt, we’re once again seeing the overwhelming upside of this realtime data spread that makes services like Twitter so powerful. And just look at the flip side. The above image shows the frontpage of a newspaper that was delivered this morning. There are hundreds more like it around the country. Many, many people still...

The New York Times The long road to download Wired’s digital iPad magazine. This morning I decide to try a little experiment: I opened up my iPad, clicked on the little Wired icon and purchased the magazine’s latest digital issue. After I agreed to fork over $4, it began downloading. For the next phase of the experiment, I grabbed my car keys, left my apartment and drove about 12 blocks to a local magazine store in Brooklyn, where I also purchased the latest issue of Wired magazine, this time in print. I didn’t run any red lights, or speed, or...

NY- The Internet is by far the most popular source of information and the preferred choice for news ahead of television, newspapers and radio, according to a new poll in the U.S. But just a small fraction of U.S. adults considered social Web sites such as Facebook and MySpace as a good source of news and even fewer would opt for Twitter. More than half of the people questioned in the Zogby Interactive survey said they would select the Internet if they had to choose only one source of news, followed by 21% for television and 10% for both newspapers...

NEW HAVEN, Conn. — As sharp revenue reductions put the future of many U.S. newspapers in doubt, one idea gaining attention is the conversion of newspapers into tax-exempt non-profits supported by large endowments. Although viewed by many as a long shot at best, such a radical change could be a saviour for the industry and its vital role in a democracy. That's why the endowment model is drawing renewed attention as newspapers impose massive layoffs, scale back home delivery and make other drastic cuts to counter plunging advertising revenue amid a recession that has compounded struggles from the migration of...

Denver Mayor John Hickenlooper recalls getting "a feeling in the pit of my stomach" when he learned that the Rocky Mountain News was shutting down. "Even when they were uncovering corruption in the city, even when they were embarrassing us or causing us discomfort, they were making the city better," he says. "It's a huge loss." The grim echoes of the nearly 150-year-old paper's demise Friday could be heard in newsrooms and communities across the country. Although the Denver Post will still cover Hickenlooper's region, some cities -- most notably San Francisco -- are facing the prospect of life...

PORT EDWARDS, WI -- Steve Devine has traveled this road before. Devine, who turns 57 next month, worked as a dispatcher at a trucking company for 16 years. But when the Wisconsin Rapids firm went out of business in 1991, he managed to land a good job nearby at the paper mill in Port Edwards, a village of about 2,000 nestled along the Wisconsin River. Now, after 16 years at the mill, Devine is looking for a job again -- and his prospects are bleaker this time around. Montreal-based Domtar last month closed the Port Edwards mill, which is about...

The Star-Telegram used to be a special business. For decades, the Fort Worth newspaper had some of the strongest numbers anywhere, stoked by a fast-growth market and big-city competition. With almost 400 journalists at its peak, it staffed one of the largest newsrooms for a paper its size and had a fat news hole for stories. Profit margins sometimes hit 30 percent, justifying the large head count and making the Star-Telegram a cash-generating machine. That’s all yesterday’s news. Newspapers across the nation are facing their own economic crisis, and they’ve cut more than 24,000 jobs in the past year. The...

SAN DIEGO – The parent company of The San Diego Union-Tribune announced Thursday that it has hired an investment banker to look into the possible sale of the company. Copley Press engaged the New York-based investment banking firm Evercore Partners, which also represented the publishing company in the sale of newspapers it owned in Los Angeles and in the Midwest in 2006 and 2007. In a statement, The Copley Press, Inc., cited the tough times in the newspaper industry as its motivation in deciding to explore the company's strategic options. “The last couple of years have been a difficult period...

It has fewer pages than three years ago, the paper stock is thinner, and the stories are shorter. There is less foreign and national news, less space devoted to science, the arts, features and a range of specialized subjects. Business coverage is either packaged in an increasingly thin stand-alone section or collapsed into another part of the paper. The crossword puzzle has shrunk, the TV listings and stock tables may have disappeared, but coverage of some local issues has strengthened and investigative reporting remains highly valued. The newsroom staff producing the paper is also smaller, younger, more tech-savvy, and more...

The newspaper industry is in a bad spot. Actually, run a correction on that statement — newspapers are in a "time to panic" spot. The business model is collapsing, ad dollars are disappearing, newsprint prices are at a 12-year high and the Internet is just giving news away for free. On July 2, the Los Angeles Times announced it was cutting more than one-sixth of its newsroom staff; the Tampa Tribune said it would cut 20%. Some weeks ago, Randy Michaels, COO of the Tribune newspaper group — the second largest in the nation — mused in a conference call...

The New York Times once epitomised all that was great about American newspapers; now it symbolises its industry’s deep malaise. The Grey Lady’s circulation is tumbling, down another 3.9% in the latest data from America’s Audit Bureau of Circulations (ABC). Its advertising revenues are down, too (12.5% lower in March than a year earlier), as is the share price of its owner, the New York Times Company, up from its January low but still over 20% below what it was last July. On Tuesday April 29th Standard & Poor’s cut the firm’s debt rating to one notch above junk. At...

The news about newspapers could hardly be more dismal: falling circulation, repeated rounds of layoffs, disappearing ads and a chain of bad earning reports. It's an unsavory stew of ills, one that shows little prospect of becoming more appetizing. Many journalists--and having spent the first slice of my career reporting for the New York Times, I still regard myself as one--would prefer to blame the nasty folks in their corporate offices. By this reckoning, it was the layoffs that degraded the quality that cost the readers that led the advertisers to flee that caused more layoffs and so forth. That...

The timing couldn't be better for the four-part "Frontline" series "News War" premiering tonight on PBS. Not only does tonight's first episode explain why non-journalists should care about the Valerie Wilson leak investigation trial unfolding in a Washington, D.C., courtroom -- it uses the probing, contextualized "Frontline" style to answer a question on a lot of lips: What's wrong with the American media? Readers didn't need a week of front-page stories about diaper-wearing astronauts and the alleged cultural significance of Anna Nicole Smith to tell them that the Fourth Estate is having an identity crisis. There's also last week's Pentagon...

LAS VEGAS (AP) - The newspaper industry this week announced a $75 million marketing campaign to declare its relevance in the Internet age as advertising revenues were flat, buffeted by major mergers and a wounded domestic auto industry. It's the second year in a row that the Newspaper Association of America has advertised directly to its advertisers, trying to change the perception that the industry is on the decline, executives said. "I am sick and tired of all the doom and gloom reports out there about the death of this industry," said Earl Cox, chief strategic officer of The Martin...