"There was a land of Publishers and Editors called the Newspaper Business... Here in this pretty world Journalism took its last bow... Here was the last ever to be seen of Reporters and their Enablers, of Anonymous Sources and of Stringers... Look for it only in books, for it is no more than a dream remembered. A Civilization Gone With the Wind..."
With apologies to Margaret Mitchell...
Good news.
Good. Let them get coal for their Christmas bonuses this year.
I suspect that a 3.8% decrease may disguise a slightly large increase, since it's an absolute decline in revenues. But normally there would be a small increase in advertising charges to account for inflation over the year. Or perhaps they don't dare raise their rates any more.
10.7% DECLINE for Boston Glone revenues..it's maybe now worth about 25% of what they paid for it a few years ago, and that has yet to be written off on the balance sheet..
Best news I've heard all day.
What a refreshing and continuing turn of events.
In the days of Brokaw, Cronkite and Jennings, one could read the New York Times and predict with absolute accuracy what the lead stories and political slant that would be taken by all 3 major networks.
It is interesting to note that even the main stream media is to some extent controlled by FOX News service. Chris Wallace let the cat out of the bag when he told us that when he was with ABC News the TV set was alwas tuned to FOX. They had to be viewing the opposition. And they react to FOX Coverage.
But all newspapers are fairing badly. First because younger people do not read newspapers. It used to be that when a young persons got married and got homes of their own they subscribed to the local newspaper. That is no longer true. With 24 hour cable news and the internet the readership and of newspapers have grown older. At some point all newspaper readers will have died and newspapers will die with it.
What interests me with the media is their belief that about half the population votes for Demmocrats so half the potential audience should watch liberal programming.
But that is not true. The Democratic party is make up of the super rich, the well educated, the working class and the poor. By far the largest number of Democratic voters are the working class and the poor. Those two categories of Democratic voters entrust the leadership of the Democratic party with their political power.
They rarely if ever watch a newscast or a read a paper, because they have entrusted their polticla present and futuer to the democratic party.
Thus a left leaning network only has two small parts of the party as potential audience. The super rich and the well educated are the only potential audience for liberal leaning programming. And that is at best 10 percent of the electorate.
On the other hand Conservatives are very interested in what the Republican party is doing. They watch TV and listen to radio. Thus a Rush Limbaugh draws 14.5 million listeners and Air America drew less than 2 million.
It is pretty simple, the potential Conservative audience is about 7 times as big as the potential liberal audience. Perhaps in time the owners of the media will figure it out.
A liberal media outlet will get a much smaller audience or readership than a conservative one.
It is my opinion that a truely consevative cable channel would draw at least 5 times the audience as anyting now on TV. That means the top show would draw about 12 million viewers. .. about the size of Rush's audience. That is 6 times the size the FNC audience.
It's so funny to go into Starbucks in Colorado in the late afternoon and see all the New York Times copies still resting untouched in their monopolistic rack.
They were giving away free copies of the NYT at 23rd and 6th Ave in NYC today. The NYT NEVER gives away free copies. Is it becoming my AM New York or New York Metro (the freebies)? Btw, no one was taking copies.
Finally, some good news.
"It was the best of times, it was the worst of times; it was the rise of Rush, it was the fall of Pinch..."
Expect this newspaper to become more brazen, much like an aging pop-star whose day has come and gone. The NY Times will, increasingly, attempt to gain readers with more and more slanderous and treasonous reporting. They don't have the honesty to admit to themselves why they are really losing readers.
......with revenue gaining at the New York Times Media Group .......
The decline is not uniform. Damage control at the OGW is apparently effective.