InfoAnda - No easy fix for US newspaper industry

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Australia PM Rudd calls leadership ballot | 23 June 2010
IBM executive in insider trading case placed on leave | 20 October 2009
China's banking system stable amid global crisis: regulator | 26 February 2009

Man with knife attacks Chinese Carrefour outlet | 29 November 2008

">Forum Views () ">Forum Replies ()

Read more with google mobile : No easy fix for US newspaper industry

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Asia Pacific World Search Search: No easy fix for US newspaper industry AFP - 1 hour 14 minutes ago WASHINGTON (AFP) - - Circulation is dropping, print advertising revenue is falling and readers are going online to get news for free, leaving the US newspaper industry awash in red ink and threatening some of the biggest names in journalism. "The business model that used to work at newspapers does not work any more," The Washington Post Co. chairman Donald Graham said last week, echoing what many observers of the US media landscape have been saying for some time. With The Tribune Co., owner of The Los Angeles Times and other newspapers, seeking bankruptcy protection and vultures circling around other publications, comedian Jon Stewart got into the act with a new punchline to an old joke. "What's black and white and completely over?" Stewart asked viewers of his popular mock news television show on Comedy Central. "Newspapers!" The crisis gripping the industry is of course no laughing matter to the 15,422 newspaper employees who have been laid off this year or taken buyouts, according to figures compiled by Erica Smith, a St. Louis Post-Dispatch journalist who tracks the cuts on her blog at graphicdesignr.net/papercuts/ Media job losses are also being updated several times a day on a feed on micro-blogging service Twitter started last month by a group of public relations agents called The Media Is Dying (twitter.com/themediaisdying). Not a day goes by without more bad news for the newspaper industry as the financial slowdown accelerates the decline in print advertising revenue and more classified advertisers turn to free websites such as Craigslist.com. According to the Audit Bureau of Circulations, circulation for 507 daily US newspapers fell 4.64 percent in the six months to September to 38.16 million copies from 40.02 million in the same period last year. Only Gannett Co.'s USA Today and Rupert Murdoch's Wall Street Journal bucked the trend, posting marginal gains of 0.01 percent in readership. Print and online newspaper advertising revenue fell by 18.1 percent in the third quarter of the year, according to the Newspaper Association of America, the sixth quarter in a row of decline. Overall online ad spending, while increasing, is forecast to grow by only 8.9 percent in 2009, according to eMarketer, and no major newspaper has reached a point yet where online revenue accounts for even 15 percent of total revenue. The biggest bombshell yet exploded on the front pages last week with the announcement that The Tribune Co., which owns the Chicago Tribune, Baltimore Sun and Harford Courant in addition to The Los Angeles Times, had filed for bankruptcy protection, suffocating under nearly 13 billion dollars in debt. Some newspaper owners argued that the Tribune's woes were not indicative of the industry as a whole because the company had been purchased by a Chicago real estage magnate in a highly leveraged buyout that left it deep it debt. But dozens of other newspaper face an uncertain future and Graham, speaking at a conference sponsored by UBS Bank in New York, hit the nail on the head with his assessment that the business model for US newspapers is broken. "Both the Post and Newsweek will lose money in 2008," said Graham of his flagship paper and news magazine, and "an extremely difficult climate for advertising will challenge us to demonstrate any improvement at all in 2009." Graham has invested heavily in a digital future for the newspaper, pouring resources into the Post website and hiring a new digital media officer. The venerable New York Times has also been seeking to reinvent itself as a multi-media company but tightening credit and dwindling profits forced it this month to morgage its new headquarters building. "I think we are going to see some significant communities without daily newspapers in the not too distant future," warned Roy Peter Clark, a vice president at the Poynter Institute, a journalism think-tank. Speaking at a forum in Naples, Florida, on "The Future of Journalism" sponsored by the National Press Club, Clark added that there was "no magic bullet" to ensure their survival. In a bid to try to turn things around, the American Press Institute last month invited 50 top US newspaper executives to an event billed as the "CEO Summit on Saving an Industry in Crisis." Two corporate turnaround experts warned the assembled executives they were facing a "classic change-or-die scenario" and must act quickly. One respected newspaper, the 100-year-old Christian Science Monitor, has already given up the fight -- in print at least. The Pulitzer Prize-winning newspaper announced in October that it plans to end its daily print edition in April 2009 and become the first national US newspaper to publish only on the Internet. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Entertainment & Lifestyle Former reject singer wins Britain's top TV showAFP - Sunday, December 14 Alexandra Burke wins 'X Factor' crownAFP - Sunday, December 14 Russian crowned Miss World 2008AFP - Sunday, December 14 Dubai Film Festival auction raises 1.8 mln dlrs for AIDSAFP - Sunday, December 14 Russian blonde named new Miss WorldAP - Sunday, December 14 Enlarge Photo File photo shows copies of a newspaper on display at a stand in San Francisco, California. Circulation is dropping, print advertising revenue is falling and readers are going online to get news for free, leaving the US newspaper industry awash in red ink and threatening some of the biggest names in journalism. Most Popular – Entertainment Viewed US carmakers mull options as White House vows aid Russia crowned Miss World 2008 in African event US Treasury ready to stave off auto sector collapse Rich and powerful top Madoff's fraud victims: report Nobel laureates crown U2's Bono 'man of peace' View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Sunday, 14 December 2008
Mumbai gunman seeks legal aid from Pakistan officials: police
Miss World pageant starts with an African beat
Protester killed during Indian Kashmir voting
Solo Italian rower rescued off Australia after 10-month journey
The top 10 rock albums of 2008
Mumbai gunman's chilling confession sheds light
Thai ex-PM warns of 'interference' in democracy
British PM to visit India
Mumbai gunman's confession sheds light on attack
India pressed to share Mumbai evidence with rival
Will Smith: It's all about helping others
Russian crowned Miss World 2008
Speaker of Parliament Tarmugi to visit Egypt from Dec 14—19
Singapore Grand Prix wins Promoter of Year Award
NATO: Forces kill 4 civilians in Afghanistan
Russian blonde named new Miss World
Dubai Film Festival auction raises 1.8 mln dlrs for AIDS
Top Vienna restaurant Palais Coburg to close by January
548 officers from Army, Navy and Air Force commissioned on Saturday
China's inflation to weaken further in December
RPT-UPDATE 4-N.Korea threatens nuclear disablement slow down
British PM arrives in India ahead of talks with Singh
Bach letters uncovered in German university archives
British PM visits UK troops near Afghan front line
Mumbai gunman's confession sheds light on massacre
India Bharti sees 3G launch in 6 mths of allocation
US troops to stay in Iraqi cities after June
US attorneys visit Iraqis in Blackwater shooting
Coconuts cover Rio beach in protest on violence | International |
Kasparov forms opposition group to 'dismantle' Putin regime
Gates warns US adversaries not to test Obama
Greek youth protest switches to scene of teen killing
Fortis bank, saved from collapse, again on shaky ground
Sporadic violence erupts in Athens week after killing | International |
Russian warships visit Cold War ally Nicaragua | International |
Security Council mulls joint US-Russian initiative in support of Mideast peace
Russia crowned Miss World 2008 in African event
Pakistan says Indian warplanes violated airspace | International |
Rich and powerful top Madoff's fraud victims: report
Raul Castro visits nephew Chavez on first trip | International |
World’s fastest off—track car, Ariel Atom, to be sold in Singapore
Turkmens vote in election with little choice | International |
Obama taps NYC's Donovan as housing secretary
Thousands flee fighting in Sudan oil flashpoint | International |
Carter predicts improved US-Syria relations
White House weighs options for auto bailout
US storm leaves a million without power
Challenges remain for Amazon digital music service | Technology |
Banks conduct thorough financial "check—up" on applicants for home loans
Obama chooses Shaun Donovan as housing secretary
Music stars' digital strategies still in flux | Technology |
Italy launches Milan-Bologna high-speed train link | Technology |
Russia to attend OPEC summit
Former reject singer wins Britain's top TV show
Alexandra Burke wins 'X Factor' crown
Chile opens museum of Pinochet memorabilia
British PM visits UK troops near Afghan front line
Police smash illegal video disc syndicate, 11 arrested
Thai protest group issues warning on new premier
Malaysia's last witness to 1948 massacre calls for justice
Thailand tense on eve of crucial PM vote
Rower rescued off Australia after 10-month journey
No easy fix for US newspaper industry
Mumbai gunman's confession sheds light on massacre
Indian PM to meet Britain's Brown in wake of Mumbai attacks
Commander: Troops to stay in cities past deadline
British PM Brown, Singh meet to discuss terrorism
Beijing holds anti-terrorist drill
3 Canadian soldiers killed in southern Afghanistan
46 shoppers hurt in Hong Kong acid attack: report
Afghan neighbours and allies to meet in Paris
China, Japan, SKorea to tackle financial crisis
Egypt's first woman mayor takes role in her stride
Pakistan downplays alleged India airspace breach
Taiwan, China to launch direct shipping links
China finalizing plan to compensate milk victims
Frazzled financial types find crisis relief at Frankfurt fight club
British PM Brown, Singh meet to discuss terrorism
Indian activists in Malaysia launch protest fast
3 Canadian troops killed in Afghanistan -- death toll, 103
Queen Elizabeth II reins in extravagance as credit crunch grips
Ireland takes high-stakes gamble with EU poll re-run
Actress Jennifer Aniston appears naked in GQ magazine
European Parliament negotiators approve climate deal
Wait and worry for US autoworkers as White House weighs options
European Parliament negotiators approve climate deal
Turkmenistan holds key vote as officials vow 'openness'
2 Volkswagen plants to suspend production in China
British PM visits Pakistan after Mumbai attacks
S.Korea sets 10.6 pct rise in 2009 total spending
Two Hong Kong pilots sacked for takeoff try: report
Security clampdown for Indian PM's Kashmir visit
China to step up bank lending in 2009 amid crisis: government
China to increase supply of money to boost economy
3 Afghan police killed in Kandahar bomb blast
'Decoupling' turns to myth as India growth story stumbles
Pakistan, India row over 'violation' by fighter jets
Tourist arrivals plummet in Vietnam as global downturn bites
Export trade hit by Mumbai attacks: businesses
Legoland theme park to open in Malaysia: officials
As China slams on brakes, commodity countries left reeling
22 Australians charged over child pornography
NKorea warns on nukes after talks collapse
Japanese, Chinese leaders lock horns over territory
India urges Pakistan to follow up recent raids
Israel keeps Gaza sealed off after rocket fire
British PM Brown to press Pakistan on terror fight
South Africa's Clark wins Australian Open golf tournament
Intense air strikes as Sri Lankan troops move to take Tiger HQ
Americans drive less despite easing gasoline prices
Parliamentary vote in gas-rich Turkmenistan
Indian PM wants normalized relations with Pakistan
Decision on allowing cycling on Tampines footpaths expected after Jan 31
ZoukOut party draws record crowd of over 26,000
Bangladeshi parents told to free daughter: court
Beijing stages terror drill after Mumbai attack
Daughter of Myanmar ex-dictator released
Pakistan downplays alleged India airspace breach
80,000 needy elderly to benefit with expansion of medical subsidy scheme
Thailand's Democrat Party ready to regain power
US Senator serves military duty in Afghanistan
Temasek Poly in training tie—up to start courses in specialised 3D content
Tampines flea market helps homemakers and the needy earn income
Britain promises more anti-terror aid to Pakistan
At least 51 killed in Egypt bus crash
Tens of thousands mass in Gaza for Hamas anniversary
Britain's Brown blames Pakistan militants over Mumbai | International |
Strauss, Collingwood give England cricketers big lead
U.S. troops may be in Iraqi cities beyond next June | International |
Somali president sacks prime minister | International |
Bomb blast kills 3 policemen in Afghanistan | International |
India denies any violation of Pakistani airspace | International |
US Ambassador slams Mugabe regime's greed
North Korea ups border punishments after Kim's illness | International |
Parents return passport to Bangladeshi doctor
Thai opposition Democrats favored to win PM vote | International |
Sri Lankan military: Battle kills 2 Tamil rebels
U.S. to build cyclone shelters in Bangladesh | International |
South Africa ANC uses apartheid-style intimidation: rivals | International |
Gunmen abduct Filipino businessman, school officer
New Zealand recession to last to mid-2009
Gunmen abduct businessman in southern Philippines
PM Lee in Doha to sign milestone FTA between S’pore and GCC countries
Toyota to shelve capital spending plans, cut bonuses: reports
Teen rapper Soulja Boy building hip-hop empire | Entertainment |
Alexandra Burke wins Britain's 'X Factor' crown
Strauss opera strong musically
Parliamentary vote starts in gas-rich Turkmenistan
Emotional Brunei ceremony for Aussie WWII vets: witness
Gamba beat Adelaide in Club World Cup quarter final
Russian crowned Miss World 2008
SKorea leader predicts new NKorea talks under Obama
Britain promises more anti-terror aid to Pakistan
Chateau d'Yquem wine sale cancelled
Pakistan, India speak of improving relations
Number of litter bugs issued CWO up nine—fold in past two years
60 parents turn up for second parental matchmaking session
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01