Skip to comments.Bored readers cutting off Globe’s circulation
Posted on 10/20/2005 8:06:55 AM PDT by Pikamax
Bored readers cutting off Globes circulation By Jay Fitzgerald Thursday, October 20, 2005 - Updated: 07:59 AM EST
Circulation is melting away at the Boston Globe, on top of vanishing ad revenue, and the need for deep cuts is forcing closure of its national news desk and two sections within the broadsheet.
But the New York Times Co., parent company of the Globe, is standing by Globe publisher Richard Gilman and his management team even as Morrissey Boulevard has become a drag on Times Co. earnings.
The Times Co. said yesterday its Boston paper's weekday circulation plunged by nearly 8 percent over the past six months compared to last year dropping 35,000 copies to 416,000, despite heavy marketing and steep price discounts offered by the newspaper.
Its Sunday circulation fell by 55,000 about 7.6 percent to 667,000.
Circulation at the parent Times newspaper saw a slight gain during the same period, the company reported.
The Globe is also the Times' poor performer on the ad front.
Its New England Media Group which includes the Globe and Worcester Telegram saw ad revenue fall by 4.1 percent in September and by 2.9 percent in the third quarter, the company said.
The Times ad revenue, in contrast, climbed by 3.8 percent in September and by 2.9 percent during the third quarter.
Times Co. earnings fell by more than 50 percent in the third quarter because of higher costs and a charge related to staff cutbacks.
The company's shares fell 26 cents yesterday to a six-year low of $27.49.
Janet Robinson, chief executive of the New York Times Co., attributed the Globe's poor showing to a ``continuing softness in the Boston economy.''
Despite the Globe's drag on companywide performance, Times Co. spokeswoman Catherine Mathis said the company is standing by Gilman and his Globe management team.
The entire newspaper industry has been suffering in recent years, due to a severe advertising recession and increased competition from the Internet.
The Boston Herald, owned by the private Herald Media Inc., saw its circulation fall by about 4 percent during the past six months, half of which Herald officials say is attributable to changed ABC auditing rules.
Al Larkin, a Globe spokesman, said about half of its six-month circulation drop is due to a decision to eliminate bulk giveaways to hotels and other sponsored deliveries.
Robinson had kind words yesterday for the Herald, which is searching for new investment partners.
``We always feel it's important to have a strong competitor in the market,'' she said. ``We certainly want the Herald to have more investments and certainly to continue to be a strong competitor.''
Last month, the Times announced that it would eliminate 500 jobs companywide about 135 of them at the Globe.
Yesterday, sources confirmed that the Globe plans to eliminate its national news department.
The unit's two reporters have reportedly been offered jobs within the metro department in the Hub newsroom. But the fate of the four editors is unclear.
Globe editor Marty Baron declined comment.
Larkin would only say the Globe is ``realigning our national desk'' and placing responsibility for national coverage under control of the 11-employee Washington bureau.
Meanwhile, the Globe is also planning to eliminate its Education section on Sundays, as well as eliminate its Life At Home as a separate section. It will be rolled into the Thursday Living section.
> [Globe] circulation plunged by nearly 8 percent ...
> Herald... circulation fall by about 4 percent ...
Print media is struggling.
Liberal print media is failing,
although not as fast as lib talk radio :-)
If any one is interested in some hilarious letters to Globe writers from one of their subscribers (and uncle of a MA FReeper), check out http://cranberrybogfox.blogspot.com .
He he he.
Thanks for the link. Great letters.. LOL
Love the letters! LOL
The Glob has always been a propaganda rag. Who wants to read "all the news we're twisting to fit our world-view" anyway?
The despicable James Carroll is also a dishonest (see his Constantine's Sword) militantly anti-Catholic secular ex-priest who still has not grown up and is still in rebellion against his quite respectable (military intelligence) father who is now long dead. It is all in Carroll's autobiography.
It doesn't matter anyway what his leanings are as he will soon be out a job too! Like his buddy Howard (the big mouth of Vermont)Dean says....the fish starts to stink at the head first! He is the head of a stinking fishwrapper of a newspaper!!
I just finished reading those letters to the Boston Globe folks. They are really funny as can be, and they "stick and twist" their knives so deliciously it's a trip to read. Thanks for the humor and thanks for the posting.