Newspaper Revenues, Circulation Continue to Sink
Posted in H.L. News, Main Blog (All Posts) on March 28th, 2007 5:08 am by HL
Drop in Ad Revenue Raises Tough Question for Newspapers
NY Times
Excerpt:
For newspapers, February was the cruelest month. So far.
Revenue from advertising was in striking decline last month, compared with February a year ago, and were generally weaker than analysts had expected…..
Ad revenue at The New York Times Company fell 6 percent overall, declining 7.5 percent at The New York Times; ad revenue at the company’s New England Media Group, which includes The Boston Globe, was down 4 percent. At The Wall Street Journal, published by Dow Jones, it was off 10 percent.
The Tribune Company, whose papers include The Los Angeles Times, The Chicago Tribune and The Baltimore Sun, reported losses of more than 5 percent. So did McClatchy, whose papers include The Miami Herald, The Sacramento Bee and The Lexington Herald-Leader in Kentucky.
HLs Take:
Maybe if these Newspapers started telling the truth, stopped licking Bush’s ass on a daily basis, stopped cheerleading a war they know the people are against. People might start reading the newspapers again. But why should they waste 50 cents when they can come home and read the truth on blogs for free? You know newspapers are obsolete when you are reading the stories on LA Times online, then 24 hours later you stop to pick up a burger on the way home from the bar, grab a paper, and read the same stories again.
