Gannett's third-quarter profit beat the Street, but disappointing revenue plunged shares 8.8%. The company's revenue remained flat, missing analyst forecasts, as its newspaper operations declined 5%.
Publishers talk about the iPad, Kindle and other tablets as their salvation. New consumer research suggests that view may be well-grounded: Tablet users are devouring more content -- and are reconciled to paying.
There's nothing newspaper and magazine publishers crave more right now than a straightforward way to sell subscriptions via Apple's App Store. But Apple's plan to let them do just that may not do much to help the beleaguered industry.
Philadelphia Media Network thought it had a deal after winning the papers in April, but the Teamsters have balked at the last minute. That means the Philly Inquirer and Daily News will be auctioned again, and Philadelphia Media plans to try again.
It's official: Newspapers now trail the Internet as a source of news for Americans, according to the Pew Research Center. Of those polled, 34% said they had gone online for news the previous day, while 31% said they had read a newspaper. But it's not all bad news for newspapers.
U.S. advertising will increase about 3% this year and will rise about 35% over the next nine years, though the increase will be mostly in new media and not in newspapers and other older forms of advertising, according to a report released today.
The nation's second-largest newspaper is planning to lay off 130 business and newsroom employees as part of an overhaul to de-emphasize the print edition and works to reach more readers and advertisers on mobile devices.
Only one of the 25 largest U.S. newspapers increased its circulation in the last six months: The Wall Street Journal. USA Today, The New York Times, The Washington Post and The Los Angeles Times were all down significantly. The
Verbal bullets were flying Monday at a launch event for the Journal's New York City metro section. Managing Editor Robert Thomson accused the Times of alienating readers with biased reporting and risking its reputation by outsourcing some news gathering.
New York Times Co. executives say they're more than prepared to handle the challenge posed by The Wall Street Journal's expansion. "When you're the lead dog, people are constantly going after you," said CEO Janet Robinson on the company's first-quarter earnings call.
Rupert Murdoch has a history of contrarian gambles that pay off big. But with newspaper advertising in an historic slump and online ad spend overtaking print for the first time, is his new price war with The New York Times a smart move?
Editors at The New York Times today will determine the fate of Zachery Kouwe, a business reporter who copied passages from competing news outlets in numerous articles, in a case that may illustrate the hazards of practicing Web-speed journalism.
Employees at Gannett's flagship newspaper must be insanely dedicated: Why else would its publisher feel the need to explain to them exactly what it means to be forced to take a week off. But that's just what Dave Hunke decided his already-depressed workforce needed to hear.
