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L.A. Times Drags on Tribune Revenue (200 *more* layoffs expected)
Los Angeles Business Journal ^ | 11/2/05 | ANNE RILEY-KATZ

Posted on 12/02/2005 5:52:30 PM PST by BurbankKarl

Tribune Co.’s November newspaper ad revenue fell 2.4 percent to $262.7 million, the company reported Friday, reflecting a 6 percent national advertising drop that was blamed on weak ad sales at the Los Angeles Times, the Chicago-based company’s largest paper.

The company’s total November revenue fell 3.9 percent, to $436.8 million, compared with the previous year.

Full-run ad volume at the Times tumbled 9 percent from November of last year. In addition to the Times and Newsday, Tribune owns its namesake paper in Chicago. The Times announced in mid-November that it planned to cut jobs throughout the newspaper, including about 85 of its newsroom positions.

Tribune’s local automotive-classified ads continued to slide, with revenue falling by 18 percent. Circulation revenue slipped 5.1 percent. Its interactive ad revenue jumped 36 percent, and the company saw a small 1.6 percent increase in classifieds.

Tribune’s stock, down 25 percent this year, fell 0.9 percent Friday, settling at $31.39.


TOPICS: Business/Economy; News/Current Events; US: California
KEYWORDS: biasmeanslayoffs; latimes; schadenfreude; wagesofmediabias
A friend of mine said 200 more layoffs at LA Times and their neighborhood papers....including 4 at the Glendale News-Press.
1 posted on 12/02/2005 5:52:31 PM PST by BurbankKarl
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To: BurbankKarl

How soon will it be that is more profitable to recycle the paper than try to sell it?


2 posted on 12/02/2005 5:54:59 PM PST by operation clinton cleanup
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To: BurbankKarl

And moveon.org is trying to prop them up. If moveon suggests a boycott, I recommend that we *gasp* work alongside them.


3 posted on 12/02/2005 5:57:09 PM PST by Gordongekko909 (I know. Let's cut his WHOLE BODY off.)
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To: operation clinton cleanup

The LA Times is really in a free fall. The right stopped buying it, the lefties at Moveon.org are boycotting it now...

All that is left is people who can't read English.


4 posted on 12/02/2005 5:57:13 PM PST by BurbankKarl (NRA EPL)
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To: BurbankKarl

Weak ad sales are the problem, according to them. Uh, ad sales in general are up as the economy continues to hum merrily along. So their declining ad sales are due to the fact nobody really reads the multitude of fishwraps they publish, because they refuse to print the truth about Iraq, the President, and the economy. No advertiser wants to put money (ads) into a paper that has diminishing returns, ie, readership. Somehow I don't think the Tribune will make that little connection, though.


5 posted on 12/02/2005 5:59:18 PM PST by ex 98C MI Dude
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To: BurbankKarl

They have been showing a few signs of trying to temper their far-left madness, but I don't know how much that will help. It's not clear from this article, which only mentions classified automobile ads, but it could be that they are suffering from the same classified ad problem across the board as Knight Ridder.

In other words, the internet is eating their lunch. People aren't advertising in newspapers as much any more, when it's so much easier and more effective to do it on-line.


6 posted on 12/02/2005 5:59:33 PM PST by Cicero (Marcus Tullius)
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To: operation clinton cleanup

A wonderful question. Is it lawful to recycle hazardous waste?


7 posted on 12/02/2005 5:59:44 PM PST by Fielding ( "OTHERS HAVE DIED FOR MY FREEDOM. NOW THIS IS MY MARK." "Cpl. Jeffrey B. Starr")
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To: BurbankKarl
All that is left is people who can't read English.

So the Barbra Streisand letter to the editor did not change anything?

8 posted on 12/02/2005 6:03:05 PM PST by operation clinton cleanup
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To: Fielding
A wonderful question. Is it lawful to recycle hazardous waste?

I'm sure they can make arrangements to have it buried in Nevada.

9 posted on 12/02/2005 6:04:41 PM PST by operation clinton cleanup
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To: BurbankKarl

How many times have they called? How many times have I said NO? Many. Well, I say more than NO. I go into a rant and tell them that I will subscribe when they use the term illegal alien, when the call Democrats unpatriotic, when they acknowledge that Bill really did rape Juanita Broaddrick, and when they call Hillary Clinton the greatest danger to this nation next to al Qaeda itself. Sometimes then hang up before I finish.


10 posted on 12/02/2005 6:05:21 PM PST by doug from upland (The troops will come home when the mission is complete)
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To: BurbankKarl

"All that is left is people who can't read English"

Circulation of Spanish-language dailies has more than tripled since 1990. Ad revenues of Spanish-language dailies have grown more than sevenfold since 1990.

http://www.stateofthenewsmedia.org/narrative_ethnicalternative_spanishpress.asp?media=9


11 posted on 12/02/2005 6:11:20 PM PST by seastay
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To: BurbankKarl
Opportunity knocks again giving me yet another chance to tout my shrine to Olds Media. A work of FReeper performance art known as Got them Olds Media Circulation Blues inspired by an ancient axiom that bad news sells.

Newspaper circulation down. Sanfrancisco Chronicle down 17% - 11/08/2005
Newspaper Circulation Continues to Decline (NY Daily News DOWN 1.5% - May 2005) - 10/24/2005
Bored readers cutting off Globe’s circulation - 10/20/2005
Time Inc. Gets A U.S. Subpoena About Circulation - 09/24/2005
Denver papers use liberal rules to boost circulation - 08/08/2005
Advertisers Sue 'Minneapolis Star Tribune' Over Circulation Inflation - 06/29/2005
Arrests made in Newsday circulation scandal - 06/16/2005
Los Angeles Times Reports March Circulation (Down, down, down) - 05/02/2005
Belo Begins Refunding Advertisers Over Inflated Circulation Figures (Texas) - 05/02/2005
Why Can’t the Washington Post Keep Circulation Up? - 07/23/2004
Newsday, Hoy publishers retire amid circulation scandal - 07/19/04
Publishers Seek Scapegoats for Circulation Woes - 07/05/2004
Tribune Company (LA Times parent) Admits Inflated Circulation Numbers At Two Papers - 06/23/2004
12 posted on 12/02/2005 6:11:37 PM PST by Milhous (Sarcasm - the last refuge of an empty mind.)
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To: BurbankKarl

200 is just a good start. May they all be in soup lines


13 posted on 12/02/2005 6:11:56 PM PST by Steamburg (Pretenders everywhere)
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To: BurbankKarl

They covered that eventuality by purchasing La Opinion decades ago. I realized years ago the LA Times would hedge it's bets no matter who were occupying the region.


14 posted on 12/02/2005 6:13:25 PM PST by DoughtyOne (MSM: Public support for war waining. 403/3 House vote against pullout vaporizes another lie.)
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To: seastay

LA Times used to own part of La Opinion...but Tribune divested and pushed Hoy!


15 posted on 12/02/2005 6:15:42 PM PST by BurbankKarl (NRA EPL)
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To: BurbankKarl
LA Times used to own part of La Opinion...but Tribune divested and pushed Hoy!

Been trying to track that info down for a month or so -- no success. Any links?

16 posted on 12/02/2005 6:19:24 PM PST by Bernard Marx (Don't make the mistake of interpreting my Civility as Servility)
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To: Bernard Marx

http://www.impremedia.com/about/

I remember when the whole thing went down...Hoy! is a Tribune paper, and they pushed it on Los Angeles...even though the content was all Chicago based. So, Tribune sold off their 50% stake in La Opinion....and Hoy! still sucks from what I understand.


17 posted on 12/02/2005 6:25:11 PM PST by BurbankKarl (NRA EPL)
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To: operation clinton cleanup

\I'm sure they can make arrangements to have it buried in Nevada.

I picture a monument marking the site with the following inscribed:

"OTHERS HAVE DIED FOR MY FREEDOM. NOW THIS IS MY MARK."


18 posted on 12/02/2005 6:25:25 PM PST by Fielding ( "OTHERS HAVE DIED FOR MY FREEDOM. NOW THIS IS MY MARK." "Cpl. Jeffrey B. Starr")
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To: Cicero; BurbankKarl

> They have been showing a few signs of trying to
> temper their far-left madness, but I don't know
> how much that will help.

It won't. Print is dying. Lefty print is just dying faster.

I was recently not terribly surprised when a
music-oriented magazine I subscribe(d) to told me
"this is your last issue". They are going web-only.
Most of the mags I used to take are just gone, period.

Gutenburg is putting the scribes out of business.
Xerox is clobbering the mimeographers.
The telephone eventually nuked the telegraph.
Cell phones are doing in the pay phones.
Time to pick out your coffin, LA Times.


19 posted on 12/02/2005 6:42:21 PM PST by Boundless
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To: BurbankKarl

Do ya think they've realized yet that insulting your customers on a daily basis was a bad business plan? No? I don't either.


20 posted on 12/02/2005 6:42:44 PM PST by randog (What the....?!)
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To: All; yall

If they printed news instead of fiction, they might have a fighting chance. As it is... they're a waste of good trees that would otherwise be converting carbon dioxide to oxygen.


21 posted on 12/02/2005 6:47:37 PM PST by sionnsar (†trad-anglican.faithweb.com† || To Libs: You are failing to celebrate MY diversity! || Iran Azadi)
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To: Boundless
Print is dying. Lefty print is just dying faster.

Due to exponentially higher costs of pushing ink and paper molecules out to real space while New Media pushes electrons out to cyberspace.
22 posted on 12/02/2005 6:53:14 PM PST by Milhous (Sarcasm - the last refuge of an empty mind.)
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To: BurbankKarl

Gee, does that mean all those folks are going to have to go out and WORK for a living?! What a way to swell those republican ranks.


23 posted on 12/02/2005 6:55:11 PM PST by metmom (Welfare was never meant to be a career choice.)
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To: BurbankKarl

Thanks -- I'm interested in how the media demographics are developing. I can't believe the LAT allowed La Opinion out of its grasp. I figured that was its last port in this particular storm. The 'Times' they are a-changing.


24 posted on 12/02/2005 7:00:37 PM PST by Bernard Marx (Don't make the mistake of interpreting my Civility as Servility)
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To: BurbankKarl

bump


25 posted on 12/02/2005 7:04:19 PM PST by VOA
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To: BurbankKarl

How long before Babs (Barbra Streisand) buys hereself a newspaper? She is so upset with the way The Times is being run these days and she is so desperate to sway public opinion to her deluded way of thinking, it seems a natural turn of events.


26 posted on 12/02/2005 7:10:27 PM PST by Arizona Carolyn
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To: doug from upland
I used to rant at the Boston Globe when they called weekly until I realized they were putting me on the speaker phone for a laugh.

The last time I caught the sound of what seemed like a dozen people laughing at once in the background.

Now I just hang up.
27 posted on 12/02/2005 7:11:32 PM PST by mmercier (the cruel strength of the crushing world)
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To: mmercier

Sometimes when they call, I pull the same trick as I do on other solicitations. I tell them I'm glad they called and try to sell them a parcel of real estate. I ask for their social security number, bank reference, net worth, down payment, etc. It usually doesn't take them long to hang up on me.


28 posted on 12/02/2005 7:13:35 PM PST by doug from upland (The troops will come home when the mission is complete)
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To: randog

I have started emailing LA Times writers with my opinion after reading an article online.....and tell it like it is....a couple even respond back angrily.


29 posted on 12/02/2005 8:25:18 PM PST by BurbankKarl (NRA EPL)
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To: BurbankKarl

Yup, no more cherry-picking fawning letters-to-the-editor that reinforces their BS. I can't imagine the panic that's going on inside the newspaper offices.


30 posted on 12/02/2005 8:49:07 PM PST by randog (What the....?!)
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To: sionnsar

"If they printed news instead of fiction, they might have a fighting chance"


You mean like this???


LA Times' apology for altered war photo
LA Times ^ | LA Times

http://www.freerepublic.com/focus/f-news/883094/posts


31 posted on 12/02/2005 8:54:35 PM PST by Mo1 (Message to Democrats .... We do not surrender and run from a fight !!)
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To: Bernard Marx
"The 'Times' they are a-changing."

Zimmerman, is that you again?

32 posted on 12/02/2005 9:00:39 PM PST by blam
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To: BurbankKarl

Well then, the only prudent thing to do is print pictures of naked women. Language problem solved.


33 posted on 12/02/2005 9:00:41 PM PST by kylaka
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To: BurbankKarl

If the times were to fold and all the liberal writers and editors got released would anyone really care?
Hell I 'd think it would be a good thing.


34 posted on 12/03/2005 3:16:28 AM PST by Joe Boucher (an enemy of islam)
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To: BurbankKarl
I just found out one of my high school classmates was the editor of the Sunday Opinion section of the LAT and a protege of Kinsley -- until recently, that is. His name is Bob Sipchen, and I think he's one of the many being axed or shuffled around.

The funny thing is, I was on the school newspaper and I don't recall that he ever was. Never would have expected him to win a Pulitzer, either, but he has two... *sigh*

35 posted on 12/03/2005 3:42:18 AM PST by IrishRainy
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To: IrishRainy

Raise Taxes! Raise Prices! Democrats tell us it works everytime.


36 posted on 12/03/2005 3:45:48 AM PST by stocksthatgoup (Polls = Proof that when the MSM want your opinion it will give it to you.)
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To: Joe Boucher

The sound of fishwrap!


37 posted on 12/03/2005 3:51:14 AM PST by stocksthatgoup (Polls = Proof that when the MSM want your opinion it will give it to you.)
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To: BurbankKarl
"L.A. Times Drags on Tribune Revenue (200 *more* layoffs expected)"

Couldn't happen to a more deserving Lame Stream Media Loser!

BUH-BYE, Liberal Rag!

38 posted on 12/05/2005 9:42:42 PM PST by albee ("Those that bite the hand that feeds them will lick the boot that kicks them!" - Eric Hoffer)
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