Newspaper
Washington Post loses $15.9 million in Q2
The Washington Post continued to struggle in the second quarter even as its parent company reported 13.6 percent increases in profit.
The newspaper division, which includes the newspaper’s website and the online magazine, Slate, reported an operating loss of $15.9 million in the second quarter, compared to a $2.9 million loss for the same period a […]
Flash mob causes havoc at Walmart (Video)
JACKSONVILLE, Fla. -
Flash mobs are known across the United Stats as a group of people, dancing, having fun and enjoying themselves while entertaining others.
However, the Wal-Mart off Lem Turner Road in Jacksonville fell victim to a flash robbery when more than 300 people entered the store and destroyed the security system as well as some merchandise.
According to the police report, the group destroyed […]
Jury awards jailed illegal alien $750,000 lottery ticket
After deliberating only 35 minutes Thursday, a Houston County jury awarded ownership of a $750,000 lottery ticket to an illegal alien who claimed he was taken advantage of by the man he had worked for as a day laborer.
(Excerpt) Read more at lotterypost.com
The Evil Company, New York Times ad outlook dim, shares fall (Can’t wait for New York Times to go out of business)
he New York Times Co (NYT.N) warned on Wednesday that print newspaper advertising will continue to decline, sending shares down nearly 9 percent, even as the company slashed costs to reach a higher-than-expected fourth-quarter profit.
The results, like that of other U.S. newspaper publishers, show that revenue declines are easing as the economy improves and […]
Ad Revenue Eludes Newspapers
Newspaper publishers are running out of costs to cut, and they need to show some real ad-revenue gains soon.
Executives from major publishing chains have clung to a slight moderation in their ad revenue’s year-over-year rate of decline from quarter to quarter this year as a sign of improvement.
But that probably has more to do with […]
Warren Buffett: ‘Newspapers Have Got a Terrible Future’
Warren Buffett, the second richest man in the world and CEO of Berkshire Hathaway (NYSE:BRK.A), doesn’t have much faith in the future of print media.
In an interview on CNBC’s Nov. 3 “Squawk Box,” following the announcement of his purchase of Burlington Northern (NYSE:BNI), Buffett was asked to comment on the future of news media, in […]
Media Death Watch:Newspaper slump deepens as 2Q ad sales fall 29 percent
Newspapers’ financial woes worsened in the second quarter as advertising sales shrank by 29 percent, leaving publishers with $2.8 billion less revenue than they had at the same time last year.
It’s the deepest downturn yet during a three-year free fall in advertising revenue — newspapers’ main source of income. The magnitude of the industry’s advertising […]
At Last, Mainstream Media is speaking out against Obama - Baltimore Sun Critic Praises Fox News For Giving Obama the ‘Tiny Bit of Scrutiny’ He Faces On TV
David Zurawik, a TV critic for The Baltimore Sun, has called for the “TV press…to step back and question how it is covering President Barack Obama.” Moreover, Zurawik gives a laudatory nod to Fox News for its balanced coverage of the President: “I hesitate to write these words, but good for Fox. It must be […]
Senator John Kerry aims to rescue newspapers
The “death of newspapers” has drawn powerful political interest.
Troubled by the possible shuttering of his hometown paper, Sen. John Kerry reached out to the Boston Globe on Tuesday, then called for Senate hearings to address the woes of the nation’s print media.
“To the Boston Globe family,” the Massachusetts Democrat wrote to employees of the […]
Welcome to the New America: Mosque doesn’t agree with restaurant’s plan to serve alcohol
It’s a Fort Sanders clash of cultures and good intentions.
On one side of the disagreement is a Muslim mosque, and some of its worshippers are unhappy about plans for a new restaurant that will serve alcohol.
On the opposing end of the clash is a business owner who says he’s invested $1 million to upgrade a […]
Beginning of the end of NY Times: NY Times puts its corporate jet for sale
It looks like Arthur Sulzberger Jr. may have to fly commercial: The Times Co. is selling its corporate jet.
Editor & Publisher pulled out this nugget from the Times annual meeting proxy.
Besides chauffeuring around the Times top executive, the jet came in handy after the Iowa caucus last year, as Times staffers avoided congestion at […]
The 10 Major Newspapers That Will Either Fold or Go Digital Next
Over the last few weeks, the newspaper industry has entered a new period of decline. The parent of the papers in Philadelphia declared bankruptcy as did the Journal Register chain. The Rocky Mountain News closed and the Seattle Post Intelligencer, owned by Hearst, will almost certainly close or only publish online. Hearst has said it […]