newspaper industry

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Newsday Will Charge for Online Content

(Newser) - Newsday will buck an industry trend by charging people to read it online, Reuters reports. The newspaper's owner, Cablevision, says it will "end the distribution of free Web content," though it didn't specify when. In the US, the Wall Street Journal is the only major paper currently sticking...

Rocky Mountain News Ends Publication Tomorrow

(Newser) - The Rocky Mountain News, the oldest paper in Colorado and perhaps the longest-running business in Denver, will print its last edition tomorrow, the Denver Post reports. The news comes after its owner spent months fruitlessly searching for a buyer. “The operating conditions have become increasingly difficult,” the CEO...

Hearst May Shut Down San Francisco Chronicle

(Newser) - More bleak news from the world of newspapers: Hearst is threatening to shut down the San Francisco Chronicle—the nation's 12th largest daily—unless it makes massive cuts. Otherwise, Hearst will seek a buyer for the 144-year-old paper, which lost $50 million last year and is doing worse in 2009,...

Philly Inquirer Owner Files for Bankruptcy Protection

Papers will print as normal as company restructures, it claims

(Newser) - The owner of the Philadelphia Inquirer and the Daily News has filed for Chapter 11 bankruptcy protection to restructure as ad revenues plunge, Reuters reports. Company spokesmen insist operations are "sound and profitable," and managers plan to continue publishing regularly. The announcement came a day after the 20-newspaper...

20-Newspaper Chain Files for Bankruptcy

(Newser) - The owner of the New Haven Register and a cluster of other newspapers filed for bankruptcy protection today, the third publisher to recently go under, the Wall Street Journal reports. Known for its tight-fisted spending, Journal Register took on debt by boldly paying $400 million for a Michigan newspaper chain...

To Save Itself, Press Should Become a Religion
To Save Itself, Press Should Become a Religion
OPINION
Feb 11, 2009 2:44 PM CST

To Save Itself, Press Should Become a Religion

Papers would enjoy the benefits of tithing and tax-exemption: Bates

(Newser) - As profits continue to fall, some have suggested turning newspapers into non-profit, endowed institutions similar to colleges. A better way to go non-profit would be for the press to declare itself a religion, writes Stephen Bates for Slate. The tax benefits would be substantial, as would legal protections for reporters-turned-priests,...

Times Says Times Will Survive
 Times Says Times Will Survive 
Feb 9, 2009 2:21 PM CST

Times Says Times Will Survive

(Newser) - Rumors of the New York Times’ demise are greatly exaggerated, reports... the New York Times. “Despite some published alarms to the contrary, the company has positioned itself to ride out another year of recession, maybe two,” Richard Péréz-Peña writes in a review of his employer’...

Times to Ax 300 Jobs, Local News Section

(Newser) - Amid growing gloom in the newspaper business, the Los Angeles Times plans to lay off 300 workers and shelve its local news section, LA Observed reports. Foreign and national news will be downplayed to fit local stories into the front section, the publisher said in a memo today. Seventy newsroom...

Post Folds Book Review Section to Cut Costs

Literature reviews will be shuffled into other sections of paper

(Newser) - The Washington Post will print Book World—its stand-alone Sunday section—for the last time Feb. 15 and shuffle its reviews into other newspaper sections to cut costs, the New York Times reports. Book World will remain intact online, run by a previously downsized staff. The closure comes amid a...

It's Time to Endow Newspapers
 It's Time to Endow Newspapers 
OPINION
Jan 28, 2009 9:23 AM CST

It's Time to Endow Newspapers

Times begs for its life

(Newser) - Newspapers are dying, and there’s only one way to save them, write Yale's David Swensen and Michael Schmidt in today’s New York Times: Make them nonprofit, endowed institutions, like colleges. The Internet has made the for-profit model systematically unsustainable, and constant attempts to refinance and cut costs are...

Does Carlos Slim Want to Buy the Times?

As dividends dwindle, Mexican billionaire may move in on paper

(Newser) - Last week Carlos Slim, the world's second-richest man, lent $250 million to the New York Times Company—but why does he want 18% of a tanking media outfit? Advertising Age speculates that the Mexican tycoon is playing a long game: The loan is peanuts to Slim, but it puts him...

Inauguration Boosts Newspapers, for a Day

Customers line up to nab front pages covering historic day

(Newser) - The newspaper industry might be in its death throes, but it briefly jolted to life this morning as long lines of people waited at newsstands for souvenir copies of front pages that hailed the inauguration of America’s first black president, the AP reports. In Washington, some editions of the...

Big Day a Windfall for Newspapers

Huge demand for special editions

(Newser) - Newspapers expect a multi-million-dollar windfall in extra sales to people who want a keepsake of Inauguration Day, and publishers are gearing up to make the most of it, Bloomberg reports. The Washington Post is  jacking up its price to $2, and the New York Times, USA Today and other publications...

Gannett Forces Workers to Take Unpaid Leave

Move will avoid layoffs in newsrooms: company

(Newser) - America's largest newspaper publisher will require most of its 31,000 employees to take an unpaid week off this quarter, the New York Times reports. Gannett owns 85 newspapers in the US—including USA Today—that, like much of the industry, are under serious financial duress. The company says the...

At Times, Web Geeks Grab at Future, Keep Grip on Past

Team aims to keep it the organization 'of record' even as print product sees its obits

(Newser) - There’s a quiet revolution going on at the New York Times, hiding behind all the print-journalism doom and gloom, New York reports. Since 2007, a team of “developers-slash-journalists” has been collaborating with reporters and editors to create interactive web features—like the trippy Election Day Word Train, which...

To Save the News, Look to iTunes

 To Save the News,
 Look to iTunes 
OPINION
Jan 12, 2009 10:44 AM CST

To Save the News, Look to iTunes

Model proves people will pay for what could be free

(Newser) - People expect their news for free these days, but online advertising revenue isn’t enough to support major operations, David Carr writes in the New York Times. But there may be hope for the newspaper industry. A decade ago, people began getting their music illegally. Now, the convenience of iTunes...

Seattle Newspaper Deathwatch Begins

Post-Intelligencer put up for sale, could stop printing if there's no buyer

(Newser) - The Seattle Post-Intelligencer will be closed or converted to a digital publication if a buyer doesn't emerge within 60 days, the Seattle Times reports. "Our losses have reached an unacceptable level," the executive of owner Hearst who made the announcement told the stunned newsroom today. "People cried,...

Print Times Not Quite Dead, But Hope Lies in Its Ashes

Journalism faces a challenge, but hardly a disaster

(Newser) - We know it’s coming, that day when print newspapers cease to exist, but it won’t be this year, right? Maybe, maybe not, Michael Hirschorn writes in the Atlantic, and it wouldn’t necessarily be a disaster. The New York Times is in trouble—it could default on $400...

Web Overtakes Papers for News
 Web Overtakes Papers for News 
Dec 27, 2008 5:42 AM CST

Web Overtakes Papers for News

Record number of Americans ditch print to get their news from the net

(Newser) - For the first time ever, more people are getting their news from the Internet than from newspapers, the Los Angeles Times reports. A Pew Research poll found that 40% of people cited the Internet as a main news source, compared to 35% for print. At 70%, television remains the country's...

NYT Ready to Sell BoSox Stake
 NYT Ready to Sell BoSox Stake 
Dec 24, 2008 5:25 PM CST

NYT Ready to Sell BoSox Stake

As newspapers tank, company offloads non-core assets

(Newser) - With revenues plummeting and advertisers and readers fleeing, the cash-starved New York Times Co is looking to offload a once-sacrosanct asset—its 17.5% stake in the Boston Red Sox and Fenway Park, the Wall Street Journal reports. Revenues at the Times Co arm that includes the Grey Lady and...

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