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BOSTON AD SKID CHILLS TIMES (12% revenue decline the worst of major newspaper groups)
NY POST ^
| 3/23/06
| KEITH J. KELLY
Posted on 03/23/2006 8:01:07 AM PST by Liz
SULZBERGER No cutbacks.
The New York Times Company yesterday warned of a first-quarter slump, pinning the blame squarely on weak advertising business at the Boston Globe and other Times-owned papers in the region.
The warning came as company chairman Arthur Sulzberger Jr. planned a trip to Boston next week, creating anxiety in the newsrooms of the Globe and other New England Newspaper Group papers.
The company had said last year that it planned to cut 500 jobs companywide, primarily in the fourth quarter of 2005 and the begining of 2006.
The warning was a "disaster," according to Ed Atorino, an analyst at Benchmark Inc. "The Boston Globe seems to be having some major problems in help wanted, retail, across the board."
Atorino said the group's 12 percent decline in February ad revenue was "probably the worst of any major newspaper group."
The Times said that job reductions will cost $8 million to $10 million in the first quarter that ends March 31.
(Excerpt) Read more at nypost.com ...
TOPICS: Business/Economy; Extended News
KEYWORDS: dinosaurmedia; globe; msm; msmwoes; schadenfreude
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To: Loyal Buckeye
Further, if turns out too low, we can all say PINCH LIED.
Good one.
41
posted on
03/23/2006 9:02:56 AM PST
by
GOPJ
(Peace happens when evil is vanquished -- Cal Thomas)
To: Liz
Is that the opinion of the "average guy on the streets"?
42
posted on
03/23/2006 9:25:44 AM PST
by
DannyTN
To: Liz
43
posted on
03/23/2006 9:26:03 AM PST
by
Ron in Acreage
(Liberal Democrats-Party before country, surrender before victory, generous with other peoples money.)
To: DannyTN
The opinion of those without a liberal streak up their backs.
44
posted on
03/23/2006 9:33:58 AM PST
by
Liz
(Liberty consists in having the power to do that which is permitted by the law. Cicero)
To: Liz
Some of the news stories on the internet are sourced by the leftest news papers. They require you to register to read them. Don't register as it gives them a count of hits on the web sight. Kind of like subscribing to their slim.
45
posted on
03/23/2006 10:02:28 AM PST
by
G-Man 1
To: Liz
We obviously need Socialized News.
How's a legitimate Newspaper chain like the NYT or Boston Globe going to survive with out the gov't bailing them out.
Reporters and editors can't do an adequate job if they're relying on dwindling advertising funds to cover there expenses.
46
posted on
03/23/2006 11:22:22 AM PST
by
proudpapa
(of three.)
To: Polyxene
Likely not all that he sucks ...
47
posted on
03/23/2006 11:25:02 AM PST
by
RightWingConspirator
(Glad that Ted the Boorish Drunk, Hitlery the Witch and John Fonda/Fraud Kerry are not my senators.)
To: Liz
It's particularly satisfying that the Lefties at Craigslist are one of the causes of the pain for the Lefties at the NYT.
Gotta love that fratricide thing.
48
posted on
03/23/2006 1:51:19 PM PST
by
keithtoo
(It's STILL not safe to vote Democrat)
To: keithtoo
Always said the libs would end up devouring themselves.
49
posted on
03/23/2006 1:54:16 PM PST
by
Liz
(Liberty consists in having the power to do that which is permitted by the law. Cicero)
To: CROSSHIGHWAYMAN
ad money is moving elsewhere.......maybe to cable TV. Craigs List is taking away a lot of classified ad revenue from newspapers.
50
posted on
03/23/2006 1:59:51 PM PST
by
Doe Eyes
51
posted on
03/23/2006 4:06:56 PM PST
by
Milhous
(Sarcasm - the last refuge of an empty mind.)
To: Liz
They keep printing faux news, they can expect it to keep dropping.
52
posted on
03/23/2006 4:08:59 PM PST
by
TASMANIANRED
(The Internet is the samizdat of liberty..)
To: Milhous
DINOSAUR MEDIA EXTINCTION ALERT AND BUMP
53
posted on
03/23/2006 4:10:47 PM PST
by
abb
(Because News Reporting is too important to be left to the Journalists.)
To: Liz
Do you suppose Arthur "Pinch" Sulzberger will lead the Boston Globe Newsroom in a rousing version of "The Internationale"?
54
posted on
03/23/2006 4:15:25 PM PST
by
Panzerlied
("We shall never surrender!")
To: InterceptPoint
he move of advertising bucks to the Internet and the rise of the Internet as THE real-time news source that complements 24/7 cable news and talk radio addressing the issues of the day are making printed news just yesterdays news BINGO! Also, newspapers are continuing to miss the boat. The local paper has started advertising that they have conservative columnists, including Coulter, George Will, and Cal Thomas. If I want to read them, though, I do it on the net. Does ANYBODY check the newspapers for stock reports anymore?
The newspapers will survive IF they develop a strong web presence and start concentrating on local coverage. Local papers will survive by covering local topics that aren't available on national sites. I don't need a local paper to read Reuters or AP stories.
Most of the journalism students I've talked to, though, don't want to be reporters. They want to be editorial writers. I understand this. Reporting is hard work. It involves going out and covering events, writing things down, getting names right. It's tough. Editorial writers never have to leave their comfy office, and they usually get paid better.
55
posted on
03/23/2006 4:27:33 PM PST
by
Richard Kimball
(I like to make everyone's day a little more surreal)
To: abb
The Boston Globe arguably ranks as the most ignorant member of
Olds Media. They apparently think that American soldiers in the Afghanistan and Iraq theaters wear standard issue tennis shoes, blue do-rags, and winter camouflage sans insignia. A couple of weeks
after the Inet uncovers as a hoax stills of a pornography movie interspersed with Abu Ghraib pictures
Boston Globe ignoramuses publish the following story about two morons still taking the hoax seriously.
(Pandering porn warning - click on image to enlarge.)
56
posted on
03/23/2006 4:28:44 PM PST
by
Milhous
(Sarcasm - the last refuge of an empty mind.)
To: Doe Eyes
In Texas, it's the Greensheet and the yellow book. They've taken almost all the classified ads, except for the big display ads for the car dealers. When we bought our house last summer, I did all my searching through the MLS on the net. It never even occurred to me to buy a newspaper.
57
posted on
03/23/2006 4:29:52 PM PST
by
Richard Kimball
(I like to make everyone's day a little more surreal)
To: Richard Kimball
craigslistThey have craigslist in Texas.
Check it out, its free to advertise.
58
posted on
03/23/2006 4:37:51 PM PST
by
Doe Eyes
To: Panzerlied
Heh....anthem for lefties.
NYT theme song. Played every AM at coffee break.
59
posted on
03/23/2006 5:14:13 PM PST
by
Liz
(Liberty consists in having the power to do that which is permitted by the law. Cicero)
To: Doe Eyes
Craigs List is taking away a lot of classified ad revenue from newspapers. out of the frying pan into the fire. about 1/100 as credible as an ad someone has to pay for -- and that's not saying much.
60
posted on
03/23/2006 5:55:50 PM PST
by
the invisib1e hand
(so who are the "baby killers" now, flower child?)
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