Newspapers continue falling

[hughb]

Quote from moneymonger:

The NYT taking an astonishingly risky loan from Slim was a despirate attempt to keep Murdoch at bay. He has had his eyes
on this trophy for years. I believe that the day will come-perhaps
within 5 years-that Murdoch will ultimatly take control of the Times. This will be a most hilarious moment. Perhaps he will offer
the senior editor position to Bill O'Reily!

BWAHAHAHAHAHA! now that would be hilarious.

I had actually never thought of this though - Carlos Slim is a White Knight to fend off the raider Murdoch? Interesting.

 

[slacker]

You can see most major US and Foreign newspapers with the layouts that you love at:

http://www.pressdisplay.com/pressdisplay/viewer.aspx

Save a tree!!!

 

[Fractals 'R Us]

I'm waiting to see what the Kindle 2 is like.. I would stream the WSJ and USA Today to mine, had I one... I like the format of newspapers, I like to sit in the coffee shop and read some papers and discuss things with strangers, I make some friends doing that.. .but this libtard systematic extermination of conservatives via the press, TV, movies, etc.. makes my stomach churn a bit..

 

[nkhoi]

daily from newseum

http://www.newseum.org/todaysfrontpages/default.asp

 

[Renegen]

No one gives a shit about newspapers, let them burn alive.

Smart people have moved to the internet for information.

Dumb people didn't read them anyway.

 

[Mercor]

There only hope is for people to print their own at home.

Maybe newspapers supply printers and plain newprint.

 

[hughb]

AP
Moody's downgrades Gannett, citing revenue slump
Monday February 2, 4:25 pm ET
Moody's downgrades Gannett credit ratings, citing revenue slump and a 'challenging' year ahead

NEW YORK (AP) -- Moody's Investors Service downgraded the credit ratings of Gannett Co., publisher of USA Today, on Monday, concerned by an ongoing slide in advertising revenue.
The ratings agency said the downgrade was prompted by Gannett's falling revenue and the agency's expectation that 2009 "will be incrementally challenging for the company's newspaper and broadcast operations."

Moody's cut Gannett's senior unsecured rating one notch to a still-investment grade "Baa3" from "Baa2" and lowered its rating on commercial paper -- a type of short term loan companies use to fund day-to-day operations -- to "Prime-3" from "Prime-2."

The agency said Gannett is still on watch for further rating changes. A credit downgrade generally raises the cost of borrowing for companies as debt holders demand higher interest rates from issuers perceived more likely to default.

The move came just days after the company reported a 36 percent decline in preliminary fourth-quarter earnings and said it will take a write down of up to $5.9 billion because of the declining value of its newspapers.

Moody's added that Gannett's entire debt structure is set to mature by April 2012 and said the company's multibillion dollar write down "is reflective of the rapid pace of cash flow erosion."

Gannett, the country's largest newspaper publisher with 85 dailies, has been moving to cut costs, announcing late last year a 10 percent work force reduction at most of its papers, a 5 percent cut at USA Today and one-week unpaid furloughs across the company during the first quarter of 2009.

Gannett's stock tumbled 46 cents, or 8 percent, to $5.31 Monday.









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Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service

 

[tradersboredom]

newspapers is mostly for pleasure.

it's a small price for reading something in print.

amazon sells books and is different medium than e-books.

e-books cost the same. whether the news is in the internet or newspaper. advertisers pay for the news staff. the daily subscriptions only pays for the delivery and paper.

the demographics of newspapers subscribers have more money.

Quote from hughb:

Back in September of 08 Carlos Slim had acquired 6.4% of the NYT's class A stock. He's taken a huge loss on the stock, but he also lent them some money and was given preffered stock with a very high yield. I wonder how big his loss is right now. Slim is a smart man, but I wonder if he has really missed the mark by betting on the NYT. I don't know how much, if any, goodwill the NYT has had to write down, but Gannet is getting ready to write down $5.9B. If the NYT writes down anywhere near as much, it isn't much of a trophy to own. It would be as bad as owning a baseball team that never gets out of last place.

I like newspapers. Every morning I look forward to my coffee and newspaper. If I had the time to read more of them, I would, but right now I only read the WSJ. I really don't want to see them go, but they look like they are on the ropes, their tootguards have been knocked out and sailed into the first row, their knees are buckling, and their eyes are swollen shut. A big reason, maybe even the biggest reason for their misfortune is the internet. However, you can't overlook the biased reporting. That hurt them as well. So many of them are blatantly biased to the Democratic party that their journalistic integrity was compromised. We really saw that during the recall of Gray Davis as governor in California when the LA Times was reporting fabricated poll results in favor of Davis. Anothre bias that I can personally attest to is the anti-white racism that is blatant in the San Diego U/T. It's downright disgusting at times. I have to admit I would be happy to see the San Diego U/T fail, it's a horrible newspaper.

Maybe Carlos Slim sees something that others don't. He certainly saw the potential for a telecommunications network in Mexico that nobody else saw. Maybe he can turn this ship around. I'm not too optimisitic though.

 

[tradersboredom]

news is not free. advertising supports this site and many other sites. the newspapers are no different than websites like yahoo. they depend on advertising revenue.

Quote from cashmoney69:

newspapers are old news, pun intended. The world is moving forward, not standing still in the 1800's, and most of it is full of shit advertisements...and why would i pay for something that i can get for free on the internet?

 

[dealmaker]

Digital grim reapers are coming for one of the last main revenue streams of newspapers
Wouldn’t it be ironic if the only thing keeping the floundering local newspaper market from croaking was the death marketplace? Well… according to local online obituary and advertising placement firm Adpay, that’s partly true.

That’s right, obit sections are a $500m yearly enterprise for local papers. But, in order to stay out of a coffin, newspapers are forced to nickel-and-dime customers looking to send their loved ones off gracefully into the night.

Now, Adpay and other digital death-care companies like Legacy.com are stepping in as the local obit’s Grim Reaper.

Desperate times call for desperate measures
Obituaries typically cost around $100 for a standard listing, but, in a large market, the average revenue per obit is around $486+ with up-charges like photos or logos of affiliated organizations. Small and medium-sized markets tend to be around $318.

Some newspapers charge obituaries by the character numbers in a piece, while others charge by the number of lines, square inches, or word count.

Problem is, because of these desperate upcharges and paywall ransoms, local papes have driven low-income readers away.

As always, that’s where the digital age comes in
Companies like Legacy.com (which claimed to publish 1 in every 3 obits in the US back in 2017) are cornering the market by taking web traffic away from the online portion of local news organizations.