GLG News by Newspaper Industry Experts
Analysis of:
L.A. Times Newsroom to Shrink by 150 Jobs (www.nytimes.com)
You cut and cut and before you know it there's no product to sell. Unlike a factory or other asset, there's no correlation between reducing cost and overhead and making a profit.
Analysis of:
WSJ.com Enjoying Significant Bump in Traffic...With Subs Intact (www.mediaweek.com)
With unique users up 94% and total page views up only 45%, it's clear that wsj.com has found more ways to introduce non-subscribers to the frustrations of its site
Analysis of:
L.A. Times Newsroom to Shrink by 150 Jobs (www.nytimes.com)
Massive debt + no real plan + continued business decline = big trouble
Analysis of:
Newspapers' Print Ads Declined 14% in Record Drop (www.bloomberg.com)
Newspapers are failing on both fronts. They are in a severe print advertising recession. And online sales are slowing -- up a mere 7% vs. industry-wide growth of 24%. Falling revenues make reducing debt at Tribune more difficult and put dividends at risk at McClatchy, Gatehouse...
Analysis of:
The L.A. Times's Human Wrecking Ball (www.washingtonpost.com)
Amid falling ad revenues, is Sam Zell destroying the LA Times (and other Tribune papers) by cutting news pages, making newsroom decisions based on quantity not quality of reporting, facilitating the exits of his best staff and dumbing down his papers beyond recognition?
Analysis of:
Publisher offers 5,000 more books for Kindle (www.businessweek.com)
While not happening as quickly as with newspapers and magazines, books are not that far behind. Kindle and Sony's Reader will make electronic readership a lot easier
Analysis of:
Scripps to post lifestyle TV clips to YouTube (www.reuters.com)
Smart move, will expose their brands to a younger audience not generally viewing their networks
Analysis of:
NBC, CBS seen bidding for Weather Channel (www.msnbc.msn.com)
Some of you may remember how you felt in the 1990s when Johnny Carson's last few shows were being aired. I feel the same way with The Weather Channel. Competition for TWC has been pent up for years; having it owned by one of the four major TV networks is bound to unleash competition that...
Analysis of:
CBS News, Katie Couric Likely to Part Ways (online.wsj.com)
In the end, third place in a less than a relevant race is not all that bad. Both katie Couric and CBS might be better served by separating.
Analysis of:
Fixing Tribune, one employee at a time (blogs.reuters.com)
Individual ideas from employees may help Tribune innovate in new and interesting ways. But Sam Zell still needs to define a vision of what the company is -- and what it can be.
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