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Gannett Nov. Revenue Drops 2.1% (Other MSM sinking, too)
Editor and Publisher ^ | 12/8/05 | Associated Press

Posted on 12/11/2005 7:55:40 AM PST by HonduGOP

Gannett Nov. Revenue Drops 2.1%

Published: December 08, 2005 10:20 AM ET

MCLEAN, Va. (AP) Gannett Co., the nation's largest newspaper publisher and owner of several television stations, said Thursday that revenue fell 2.1% during November compared to last year, as lower advertising demand in its broadcasting group and British newspapers hurt results.

At USA Today, ad revenue dropped 7.7%, as the number of paid ad pages fell to 345 from 412.

Gannett said November revenue fell to $656.6 million from $670.9 million on a pro forma basis, which assumes that all properties the company owned were owned in both periods.

The publisher of USA Today, the largest U.S. newspaper, said newspaper ad revenue in November declined 3.3% from 2004.

Local ad revenue fell 2.7%, classified ad revenue fell 1.8% and national ad revenue fell 8.3% on a pro forma basis, the company said.

The company said broadcasting revenue dropped 3.2% during the month.


TOPICS: News/Current Events
KEYWORDS: ads; gannett; liberalmedia; news; usatoday

1 posted on 12/11/2005 7:55:41 AM PST by HonduGOP
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To: governsleastgovernsbest

ping


2 posted on 12/11/2005 7:57:57 AM PST by Behind Liberal Lines
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To: Behind Liberal Lines

good news comes in odd places.


3 posted on 12/11/2005 7:58:29 AM PST by pointsal
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To: HonduGOP

HERE IS MORE BAD NEWS FOR THE MSM!!!

Prudential Downgrades The New York Times Co.

By Jennifer Saba

Published: December 07, 2005 5:54 PM ET

NEW YORK Prudential Equity Research Group downgraded The New York Times Co. to "underweight" from "neutral" because the "fundamentals have been worrisome for some time," wrote analyst Steven Barlow in a research note released today.

The reason: The company is lagging behind its peers, it's offering little guidance for 2006, and its capital expenditures could double. "We have no choice but to recommend investors underweight this stock," the report said.

Year-to-date newspaper advertising and total revenue at the company rose 2%. Excluding About.com, total revenue increased 0.7%.

Prudential was not impressed with the company's November performance, singling out the New England Media Group, which recorded a 2.2% decline in ad revenue.

Additionally, the company explained it was not going to give estimates for 2006, though it admitted the upcoming year will be challenging. "This information was in contrast to surprisingly optimistic forecasts provided by four of the smaller market newspaper publishers so far at the conferences," the report said about this week's media conferences in New York.

The research firm also reduced its 2006 earnings per share estimate from $1.60 to $1.5

LOL!!! THE NEW YORK TIMES IS CONSIDERED "UNDERWEIGHT" NOW!!


4 posted on 12/11/2005 7:58:42 AM PST by HonduGOP
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To: Behind Liberal Lines

Down across the board...great news.


5 posted on 12/11/2005 7:59:20 AM PST by ncountylee (Dead terrorists smell like victory)
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To: ncountylee

Yes!!!!!!! Bad news for the MSM, bad news for the White Flag DemocRATS and great news for America!


6 posted on 12/11/2005 8:00:23 AM PST by HonduGOP
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To: Behind Liberal Lines
The precedent here must be the Kamikazes, if Japan ever paid their families?
7 posted on 12/11/2005 8:00:41 AM PST by Bringbackthedraft (Hillary 2008, if elected YOU DESERVE HER (and HIM! AGAIN!))
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To: HonduGOP

"It's beginning to look a lot like Christmas..."


8 posted on 12/11/2005 8:02:19 AM PST by who knows what evil? (New England...the Sodom and Gomorrah of the 21st Century, and they're proud of it!)
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To: Bringbackthedraft

Boo boo on my part, should have gone to the Abbas article.


9 posted on 12/11/2005 8:02:25 AM PST by Bringbackthedraft (Hillary 2008, if elected YOU DESERVE HER (and HIM! AGAIN!))
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To: HonduGOP
My local (leftist) newspaper is a Gannett rag and after 20 years I stopped subscribing about 5 years ago.
10 posted on 12/11/2005 8:03:38 AM PST by oh8eleven (RVN '67-'68)
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To: HonduGOP

And there's nothing they can do about it.

Although lib print is failing faster than conservative
and non-political print, all print media is failing.

If the lib rags move to the left, right, up, down,
they'll just lose more existing subscribers faster
than they can recruit new ones.


11 posted on 12/11/2005 8:10:30 AM PST by Boundless
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To: HonduGOP

> And there's nothing they can do about it.

To reply to my own reply ...

This is one area where the surrendercrats are correct.

They cannot win this war (against the web, the rising
costs of print, and reader revolt), and it's time for
lib media to schedule a retreat with honor (or whatever
today's DNC FAX euphemism is).


12 posted on 12/11/2005 8:12:55 AM PST by Boundless
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To: Boundless

Even Barbra Streisand dropped the LA Times like a hot potato. Pass the Pop corn


13 posted on 12/11/2005 8:13:48 AM PST by HonduGOP
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To: HonduGOP
"At USA Today, ad revenue dropped 7.7%"

I belong to the Mid-Atlantic Newspaper Services, Inc. 7.7% is exactly what MANS dropped in November.

14 posted on 12/11/2005 8:20:46 AM PST by AGreatPer
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To: Boundless
This is one area where the surrendercrats are correct.

They cannot win this war (against the web, the rising costs of print, and reader revolt), and it's time for lib media to schedule a retreat with honor (or whatever today's DNC FAX euphemism is).


Spot on analysis. Leftists want to fight to the death in their war against reality. So be it.

Looks like yet another new trophy to add to 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.

Gannett Nov. Revenue Drops 2.1% (Other MSM sinking, too) - 12/08/2005
L.A. Times Drags on Tribune Revenue (200 *more* layoffs expected) - 12/02/2005
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
15 posted on 12/11/2005 8:21:58 AM PST by Milhous (Sarcasm - the last refuge of an empty mind.)
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To: HonduGOP

good news!!!! Hope they all go under....


16 posted on 12/11/2005 8:31:31 AM PST by HarleyLady27 (My ? to libs: "Do they ever shut up on your planet?" "Grow your own DOPE: Plant a LIB!")
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To: HonduGOP

Yes!!!!!!! Bad news for the MSM, bad news for the White Flag DemocRATS and great news for America.


This is exactly so. Let the MSM sink.


17 posted on 12/11/2005 8:39:45 AM PST by Pittsburg Phil
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To: HonduGOP

Simple demographics will doom the New York-Washington propaganda press. Most readers are 50 or older. As they pass on, so will the circulation and ad revenue.

I believe left wing newspapers will find a niche and survive as shreiking moonbat tabloids screaming to the Marxist choir in the big cities. We have a ways to go before the influence of the left wing propaganda press becomes only a minor squeak in the media world.


18 posted on 12/11/2005 8:45:46 AM PST by sergeantdave (Member of the Arbor Day Foundation, travelling the country and destroying open space)
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To: HonduGOP

It's Bush's fault!


19 posted on 12/11/2005 8:50:43 AM PST by Anti-MSM (Conservatives wish 9/11 never happened-liberals pretend it didn't!)
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To: Boundless
Although lib print is failing faster than conservative and non-political print, all print media is failing.

Is that true?? I never see the NWP, Wash-Times, or WSJ cited in these stories. What are their numbers?

20 posted on 12/11/2005 9:10:18 AM PST by SampleMan
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To: Behind Liberal Lines

21 posted on 12/11/2005 9:12:05 AM PST by Recovering_Democrat (I am SO glad to no longer be associated with the party of Dependence on Government!)
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To: HonduGOP

Who says there's no good news?


22 posted on 12/11/2005 9:12:46 AM PST by billhilly (Demo cammo is yellow and white)
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To: SampleMan
>> Although lib print is failing faster than conservative
>> and non-political print, all print media is failing.

> Is that true?? I never see the NWP, Wash-Times,
> or WSJ cited in these stories. What are their numbers?


Newspaper Circulation Continues Decline, Forcing Tough Decisions

The Wash Times may actually be up slightly, but it's
tough going, and the survivors are going to have to
figure out how to make a buck on the web. I just had
a non-political music magazine tell me the current
issue was their final print issue. Most of the mags I
used to subscribe to no longer exist.
23 posted on 12/11/2005 9:32:28 AM PST by Boundless
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To: oh8eleven
My local (leftist) newspaper is a Gannett rag and after 20 years I stopped subscribing about 5 years ago.

My local (leftist) newspaper is a Gannett rag and after 30 years I stopped subscribing about 5 years ago.

24 posted on 12/11/2005 9:33:36 AM PST by TYVets (God so loved the world he didn't send a committee)
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To: HonduGOP
,,,,national ad revenue fell 8.3% on a pro forma basis, the company said.

I am deeply saded.

25 posted on 12/11/2005 9:36:59 AM PST by TYVets (God so loved the world he didn't send a committee)
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To: HonduGOP

More writers are taking "volunatary" leave....


26 posted on 12/11/2005 9:38:35 AM PST by Prost1 (I get my news at Free Republic!)
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To: HonduGOP
The people that have owned and operated MSM for a hundred years have lost their clout to the Internet. One does not have to be too observant to see that their minions have slowly but surely infiltrated the newest free electronic communication media.
27 posted on 12/11/2005 9:39:04 AM PST by cynicom
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To: TYVets
After reading the morning paper for decades, especially the sports page, it took awhile to get over. Thank algore God for the Internet.
28 posted on 12/11/2005 9:40:15 AM PST by oh8eleven (RVN '67-'68)
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To: HonduGOP
Meanwhile ad revenues are soaring for podcasts, internet search engines, blogs and other forms of alternative media where information can be found unfiltered and free of media bias.

The mainstream media gatekeepers of today remind me of that scene in Blazing Saddles where they try to put a tollbooth in the middle of the desert.

29 posted on 12/11/2005 9:46:29 AM PST by SamAdams76 (What Would Howard Roarke Do?)
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To: HonduGOP

F*** Ken Paulson


30 posted on 12/11/2005 10:05:05 AM PST by sgtyork (jack murtha and the media -- unconditional surrender used to mean the enemy surrendered)
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To: HonduGOP
Additionally, the company explained it was not going to give estimates for 2006,

Send the request for info to the news room. I'm sure they could make something up ......
31 posted on 12/11/2005 10:12:03 AM PST by festus (The constitution may be flawed but its a whole lot better than what we have now.)
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To: Boundless
a retreat with honor (or whatever today's DNC FAX euphemism is).

I believe the term on this weeks fax is "Advancing to the Rear" or alternately "Charging past the rear flank."
32 posted on 12/11/2005 10:13:57 AM PST by festus (The constitution may be flawed but its a whole lot better than what we have now.)
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To: HonduGOP
OK, let me add a little perspective. I've worked for a newspaper for nearly 30 years. I've survived in the business as an unrepentant, unashamed and unhidden conservative. I've also survived in the business working for an employer that is owned by an entity that would certainly be considered by some folks here as "the liberal media." (Trust me, though we get no faxes or emails from the DNC or corporate telling us what to print ... in fact, we have a moderate to conservative editorial page and I personally get more email from RNC/GOP/conservative sources).

The problem here is that newspapers, and the mainstream media, simply will not adapt to the changing conditions, to the advent of electronic media, the Internet, etc. They're all trying to dabble in it, but IMHO they don't have a clue of what they're doing, I think both as far as editorial content and advertising sales, they treat it like a useless nuisance or passing fad that will eventually disappear and they can go back to the way things used to be. Of course that isn't going to happen.

I do not think newspapers will ever disappear. But they're not ever going to have the relevance they did for years unless they now and forevermore forget about "the way things used to be" and concentrate on the way things are now, and start offering a product that will appeal to today's consumer. Which means, offering people what they want and what they can't get anywhere else ... and IMHO there are still things, especially on the local level, that newspapers can offer that you can't get anywhere else ... instead of what they want to offer or what they think people ought to have. And to me, that's a bigger problem than bias, an attitude that, "we know best and we're going to give you what we think you ought to have, and if you don't want or like it you're nothing but ignorant Philistines."

For a business populated with liberals ... I'm not going to deny that the bias exists, but I've said here before that my experience is that it's not so much a philosophical left/right bias as it is a bias against all sources of authority ... it's awfully stuck in the mud as far as the way it does things.

33 posted on 12/11/2005 10:33:31 AM PST by GB
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To: HonduGOP
Gannett versus the DJI for the past year (down 28% versus the DJ average):

Chart

34 posted on 12/11/2005 11:05:21 AM PST by Zuben Elgenubi
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