“Benchmark’s Atorino sees some signs of improvement, or at least slowing declines, in retail, entertainment and travel advertising. But classified ads, particularly real estate and automotive ads, “are just falling off a cliff and haven’t hit bottom yet,” he said.
The sell-off in newspaper stocks is “getting a little overdone, but frankly, at this time it’s hard to get optimistic,’’ Atorino said.”
Run a drug check on this guy or a sanity test.
... here are the top five papers in America by circulation, according the newspaper industry's Audit Bureau of Circulation(ABC):
- USA Today -- 2,278,022
- Wall Street Journal – 2,062,312
- New York Times -- 1,120,420
- Los Angeles Times – 815,723
- New York Post – 724,748
I hate to be a downer here at the birthday bash, but ...
While the USA Today story is overwhelmingly positive, it's also a case study in fuzzy math and the newspaper industry's measurement system. You see, USA Today doesn't get bought by 2.3 million people -- at least not in the traditional sense of the word "bought." Instead, they carpet the hallways of America's hotels, making "The Nation's Newspaper" more like The Nation's Doormat.
According to data acquired by this writer from the ABC, 1,174,632 USA Todays are provided to the lodgers of America during the week, compared to 84,918 Wall Street Journals and a relatively modest 43, 209 New York Times. Yes, USA Today works out financial agreements with the hotels and are entirely upfront with advertisers … but it still casts the numbers in a different light. (And yes, observant readers, that also means that USA Today has a higher hotel circulation than the overall number for the New York Times. There's your "win a bar bet" fact for the weekend.)
There's nothing against the rules about what the paper is doing -- the hotels and inns of America aren't quite Barry Bonds' "cream" and "clear" here -- but there is a bit more to the USA Today success story than at first glance.