[The New York Observer publishes a memo from Times management about the layoffs along with a Newspaper Guild reaction. Apparently the Times still maintains a photo lab years after news photography went entirely digital. -Ed.]
[No one knows why Sun-Times stock fell 23% in one day. – Ed.]
[The Trib’s ad revenue was off 10.6% in October, largely because of lower real-estate advertising. Perhaps even worse is that circulation revenue was down 6.3%, meaning that the paper is losing subscribers. Speculation is that unless the FCC will let Tribune Co. own a newspaper and a TV station in the same market, buyer Sam Zell may back out of the deal. – Ed.]
[Good news about strong growth in newspaper online ad revenue is tempered by the fact that growth is slowing and that print revenue declines are falling faster than online sales can make up the difference. – Ed.]
This entry was posted on Tuesday, December 4th, 2007 at 6:11 am and is filed under Advertising, Circulation, Classifieds, Layoffs, NewMedia, Newspapers. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.