[Once upon a time, a year-to-year decline of almost 20% in Time magazine newsstand sales would have been big news. Today, hardly anybody notices. Time recently redesigned to make its look less cluttered and more open, but it seens that readers prefer the dowdy old Economist – with its boring design, provocative writing and insightful analysis – over the eye candy that US publishers dangle in front of them. Time has company, BTW: Newsweek‘s newsstand sales were off 16% and U.S. News‘ were down 8%. – Ed.]
[The New York Times profiles the controversial publisher of the Los Angeles Times, David Hiller. His unpleasant assignment has been to make sweeping changes at the troubled west coast institution, but his style has rubbed a lot of people the wrong way. Detractors call him evasive and sneaky, while supporters say he’s just carrying out a difficult job. His approach to the newsroom is viewed by some as meddlesome. Last week, he named Russ Stanton editor, the fourth person to hold that title in three years. Stanton has most recently been in charge of the LATimes.com website, which should offer some insight into what Hiller is thinking. – Ed.]
[Apparently, big investors in The New York Times Co. aren’t amused at the stock’s 50% drop in value over the last four years, and they’re putting some of their people in place to change direction. The Sulzbergers aren’t going quietly, though. Jason Goldberg summarizes. – Ed.]
This entry was posted on Wednesday, February 20th, 2008 at 8:17 am and is filed under BusinessModel, Circulation, Journalism, Layoffs, NewMedia, Newspapers, OnlineMedia. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.