Posted on 12/24/2008 6:12:18 AM PST by abb
Earlier this month, executives at the New York Times (NYT) warned investors that they had a miserable November. They weren’t kidding.
The grim details are here, but I’ll save you some time:
* Revenue was down 13.9%, an acceleration from October’s 9.4% drop. * Ad revenue was down 20.9%, an acceleration from October’s 16.2% drop. * The really awful news: Internet ad revenue and overall Internet revenue actually declined in November, down 3.8% and 2.6%, respectively.
In the good old days of 2007, the Times could at least say that while print revenue growth was slowing to a halt, Internet ad sales were growing quickly. By last month, the best thing you could say about Internet revenue at the Times was that it was still growing.. a little bit. Now that’s gone, too.
For the record, the Times says that it was still able to register “moderate” display ad growth at its newspapers, but that its online classifieds and real estate ads had gotten crushed, for obvious reasons. And over at About.com, which until now has been the bright spot on the Times’ financials, display ads shrank, wiping out out “moderate” growth in cost-per click ads.
And expect more of the same in December and in 2009. Martin Nisenholtz, the Times digital boss, has already warned investors that the “softness in November” would “accelerate.. into December” and that “next year is going to be a different year, by a fairly profound margin.”
Per usual, the one bit of good news in the Times’ numbers is that its readers continue to value its publications enough to pay for them: Circulation revenues increased 4.2%. But if the Times can’t convince advertisers to pay, too, that’s not going to matter. Happy holidays!
Not likely, in my opinion. But that won’t prevent them from trying.
I think it appropriate that Peter Kafka has written this piece.
We could always start a rumor, false but accurate, that clicking on a NYT link corrupts your computer.
... Nah ...
BETTER RED AND DEAD, THAN READ!
The NY Times Company may not make it to the end of the decade. This newspaper collapse is occurring a bit faster than I thought it would.
Maybe if they told the truth like Rush and Sean they would see more money coming in. Just a thought, I know they’d never take that advice.
http://www.forbes.com/2008/12/24/newspapers-advertising-nyt-biz-cx_db_1224times.html?partner=yahootix
Bad Times: NYT Says Revenue Fell 13.9% Last Month
Let me live long enough to see these papers ground into dust.
http://www.nytimes.com/2008/12/24/business/media/24paper.html?_r=1&ref=todayspaper
Washington Post and Baltimore Sun Will Share News Content
http://www.baltimoresun.com/business/bal-bz.share24.1dec24,0,6458086.story
Sun, Washington Post to share stories, photos
http://www.nytimes.com/2008/12/24/technology/24kindle.html?ref=business
Turning Page, E-Books Start to Take Hold
NYT is a disgrace. Not a newspaper but an instrument of propaganda for the liberal wing of the Democrat party.
I’m hoping for a final memorial service for the Slimes before the decade is over.
The Madoff Ponzi scheme may take out a lot of Slimes behind the scenes financial helpers.
I actually laughed out loud when I got to “thank you.”
It somehow makes me happy that I can't watch MSNBC for one second even by accident.
Hmmmmmm. Nobody’s buying BS anymore. Let’s just call it a market correction. Now THAT is a fairness doctrine that I can support.
Aint it great to watch the print media die?
December 12th, 2008
By Kevin “Coach” Collins
www.collinsreport.net
I wasn’t alive in 1945 when the news came that Adolph Hitler went room temperature, but I know there was great joy across America when we heard it. Hitler was an enemy. Joy was a fitting response to his death.
Ordinarily the death of anyone should be sad news, but a particularly vicious enemy’s death is cause for an exception. The impending death of the print media in America is such an exception. The media’s allegiance to itself instead of the truth or - God forbid- America is very clear.
During the Civil War General William Sherman complained, “”I hate newspapermen…. I regard them as spies….”
In World War II the Baltimore Sun revealed the Navy had cracked the Japanese Navy’s code which put us all in danger.
In 1968 in spite of our major military and psychological victory over the Viet Cong at the Tet Offensive, Walter Cronkite proclaimed “We have lost the war.” His traitorous lie cost thousands of American lives.
Remember that skunk Bernard Shaw’s refusal to be debriefed because he “didn’t want to take sides” during the First Gulf War?
The media stabbed us in the back by doing no examinations of Barack Obama. They lied and hid what they knew and never asked Obama a hard question. They are now, but so what; the damage is done.
Now the news is the print side of America’s media is dying. Is this cause for celebration? You’re damned straight it is! Their lies and traitorous conduct earns them no sympathy.
If without being forced into it, they had occasionally told the truth about crooked Democrats instead of being their PR arm, maybe they wouldn’t be dying, but they never did. Bye bye fellas: don’t let the door hit you in the ass on the way out!
Saying anything to elect Obama
The media sold its soul to Obama in return for his signing the so called Fairness Doctrine. They are now in a very tight bind. Their last bit of credibility was burned to feed the barn fire of support for Obama, but the Blagojeveich case has their nuts in a vice – ain’t it great to watch?
What we know about Blagojevich at this point is obviously just the tip of the iceberg the good ship Barack Obama will be sailing into.
The “smart” liberal money is insisting The One won’t be splashed with Blogojevich mud. This is another example of the linear thinking of the defective liberal brain. Liberals by definition are not capable of thinking about anything they can’t see except bribe money wired to an off shore account. They do not understand dynamic scoring. They can not grasp the value of anything beyond two and two is four. They don’t understand the peripheral value of things that happen in the public arena so the media’s insisting this won’t hurt Obama is very predictable. Of course it will hurt Obama. His name won’t appear in the caption of an indictment, but this will cost The One his moral grounds.
The media sold its soul to Obama in return for his signing the so called Fairness Doctrine. In their plan, the media would get Obama elected ( to hell with truthful reporting) and he would sign the bill that would in turn destroy the new media, something the old media can’ do on its own in a fair market.
The beneifit for America
The One will lose his phony undeserved image as a squeaky clean reformer. That will make it harder for him to get things done. He will be forced to use his political chips to pass other items, much farther up the list. This will include the Democrat/union thug scheme to unionize the entire nation. He will find it harder if not impossible to spread his chips far enough to successfully pass the unFairness Doctrine and closing Guantanamo Bay. These are all great victories for us. Let’s enjoy them and let them warm us in these cold months of this Winter. The Spring is looking better all of the time.
Net beats papers as top news source
http://people-press.org/report/479/internet-overtakes-newspapers-as-news-source
Internet Overtakes Newspapers As News Source
Thanks, and Merry Christmas to you too. Thanks for all the effort you put into rounding up these stories each day. How many are on your DeathWatch list now?
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