Archive for the ‘sharing’ Category

New York Times November Revenue Down 20%

December 24, 2008

“The Internet is a wonderful place to be, and we’re leading there,” said Arthur Sulzberger, owner, chairman and publisher of the New York Times in February 2007.  “I really don’t know whether we’ll be printing the Times in five years, and you know what? I don’t care either,” he said.

Good thing Mr. Sulzberger doesn’t care because “print” editions of many newspapers seem to be living on borrowed time….and money….

*********************

The New York Times Co’s November advertising revenue fell 20 percent, the company said on Wednesday, illustrating how the financial crisis is aggravating dizzying revenue declines at U.S. newspapers.

Ad revenue at the publisher’s New York Times Media Group, which includes the Times newspaper, fell 21.2 percent from a year earlier because of a drop in real estate and jobs classified advertising.

Studio entertainment, automotive, book and financial services ads also were weak, the Times said in a statement.

The New England unit, which includes The Boston Globe newspaper, as well as the group representing its other U.S. papers, also fell.

Total company revenue fell 13.9 percent.

Related:
Internet Victim? Washington Post, Baltimore Sun to Share Content
.
New York Times Accused of “Gross Negligence”

Read the rest:
http://www.reuters.com/article/technology-media-telco-
SP/idUSN2426545720081224?feedType=RSS&feedNa
me=technology-media-telco-SP&rpc=22&sp=true

Internet Victim? Washington Post, Baltimore Sun to Share Content

December 23, 2008

Sad day in the land of great newspapers as the Washington Post enters into a content sharing agreement to save money….

********

By Michael S. Rosenwald
Washington Post Staff Writer
Tuesday, December 23, 2008; 12:04 PM

Editors from The Washington Post and Baltimore Sun said today that they have agreed to begin sharing certain stories, photos and other news content.

The deal comes as both newspapers, like the rest of the industry, struggle to retain readers and cut costs as the economics of the business shift.

The agreement takes effect Jan. 1 and primarily covers day-to-day news about Maryland and sports. Also, the papers can draw on one another’s national, international and feature stories contributed to the Los Angeles Times-Washington Post News Service.

“We have great respect for The Baltimore Sun’s reporting and believe adding their expertise to our regional coverage will be very beneficial to our readers,” Marcus Brauchli, the Post’s executive editor, said in a news release.

Exclusive stories will generally not be shared between papers. Also out of bounds are articles about Maryland state government and University of Maryland athletics, both of which are competitive subjects to each paper.

Read the rest:
http://www.washingtonpost.com/wp-dyn/content/article
/2008/12/23/AR2008122301161.html?wprss=rss_business