d'urville
07-25-2008, 04:23 PM
There's already a print MSM dinasour deathwatch thread about The Oregonian, these two are managing to be doing even worse:
The parent company of the Charlotte Observer and the News & Observer of Raleigh, saw its earnings for the first half of 2008 fall 57 percent from last year.
The McClatchy Co. (http://www.bizjournals.com/triad/gen/McClatchy_Co_FF5E9B02748E4310A504556C61995851.html ) has instituted a restructuring plan which should result in savings of up to $100 million in annual savings. Those plans, announced in June, include a 10 percent staff reduction -- or 1,400 positions.
link (http://www.bizjournals.com/triad/stories/2008/07/21/daily42.html)
New York Times Co. says its second-quarter earnings fell 82 percent from the year-ago quarter boosted by a one-time gain. Meanwhile, print advertising revenue continued to shrink.
The New York-based newspaper publisher says its quarterly net income dropped to $21.1 million, or 15 cents per share, which included 11 cents per share in buyout costs.
link (http://jammiewearingfool.blogspot.com/2008/07/good-news-ny-times-earnings-plummet-82.html)
And Scripps:
At Scripps, which is reporting consolidated results for its newspapers, TV stations, cable networks and Web sites for the last quarter, profit fell 47 percent, partly because of the cost of spinning off its digital and cable network businesses.
link (http://www.nytimes.com/2008/07/25/business/media/25paper.html?_r=1&oref=slogin)
Ideology over integrity.
The parent company of the Charlotte Observer and the News & Observer of Raleigh, saw its earnings for the first half of 2008 fall 57 percent from last year.
The McClatchy Co. (http://www.bizjournals.com/triad/gen/McClatchy_Co_FF5E9B02748E4310A504556C61995851.html ) has instituted a restructuring plan which should result in savings of up to $100 million in annual savings. Those plans, announced in June, include a 10 percent staff reduction -- or 1,400 positions.
link (http://www.bizjournals.com/triad/stories/2008/07/21/daily42.html)
New York Times Co. says its second-quarter earnings fell 82 percent from the year-ago quarter boosted by a one-time gain. Meanwhile, print advertising revenue continued to shrink.
The New York-based newspaper publisher says its quarterly net income dropped to $21.1 million, or 15 cents per share, which included 11 cents per share in buyout costs.
link (http://jammiewearingfool.blogspot.com/2008/07/good-news-ny-times-earnings-plummet-82.html)
And Scripps:
At Scripps, which is reporting consolidated results for its newspapers, TV stations, cable networks and Web sites for the last quarter, profit fell 47 percent, partly because of the cost of spinning off its digital and cable network businesses.
link (http://www.nytimes.com/2008/07/25/business/media/25paper.html?_r=1&oref=slogin)
Ideology over integrity.