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Newsweek Revenue Dropped 36% In Q1; Ad Rev Down 38% (Dinosaur Media DeathWatch™)
Paid Content ^ | May 7, 2010 | Staci D. Kramer

Posted on 05/07/2010 6:39:12 AM PDT by abb

With the Washington Post Co. (NYSE: WPO) already considering the sale of Newsweek, the first quarter results surely cemented it. While other magazines were showing signs of life, Newsweek continued its steep decline, with revenue dropping 36 percent to $29.4 million driven by a 38 percent loss in ad revenue. By comparison, the Washington Post showed an 8 percent decrease in print ad rev in Q1—and an 8 percent increase for digital revenue. (our coverage.)

Still, by reducing expenses, the company managed to narrow Newsweek‘s losses to $2.3 million for Q1, compared with $20.3 million in Q109. The ‘09 quarter included $6.6 million in severance and operating losses for now-sold Newsweek Budget Travel. A number of factors contributed to the Q1 ad revenue decrease including one less domestic edition in the quarter and the Q4 sale of the travel mag. Subscribers may be paying higher rates but the 1.1 million-issue circulation reduction led to a drop in sub revenue.


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: advertising; dbm; magazine; newsweek
Friday morning good news.
1 posted on 05/07/2010 6:39:12 AM PDT by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


2 posted on 05/07/2010 6:39:42 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

Hoffman: “ Newsweek sucks “


3 posted on 05/07/2010 6:41:17 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: abb

The New York Times, Newsweek, Time Magazinw et al all roe the party line and when I say the party line I am not referring to the democratic party but the communist party which these days means the same thing.


4 posted on 05/07/2010 6:41:35 AM PDT by Ev Reeman
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To: abb

Eleanor Clift alone would be enough to make me drive a semi filled with TNT over a cliff if I could take her with me. I hope she loses her pension.


5 posted on 05/07/2010 6:42:44 AM PDT by DaxtonBrown (HARRY: Money Mob & Influence (Expose on Reid on amazon.com written by me!))
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To: abb

Very good news.

That should entice a buyer.... not


6 posted on 05/07/2010 6:42:44 AM PDT by GeronL (http://libertyfic.proboards.com << Get your science fiction and fiction test marketed)
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To: abb
Newsweek Revenue Dropped 36% In Q1...

Die, you gravy-sucking pig!

7 posted on 05/07/2010 6:43:45 AM PDT by Common Sense 101
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To: Common Sense 101
Buh Bye!
8 posted on 05/07/2010 6:45:23 AM PDT by Thurston_Howell_III (Ahoy polloi... where did you come from, a scotch ad?)
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To: abb

http://www.cjr.org/behind_the_news/newsweeks_woes_way_back_when.php
Newsweek’s Woes, Way Back When

http://www.nypost.com/p/news/business/slim_has_his_pickings_tzgKXf0vAzLhCckjakF6QI
Slim has his pickings
Billionaire lifts NY Times stake, eyes Newsweek

http://www.observer.com/2010/media/meacham-backlash-emerges
The Meacham Backlash Emerges


9 posted on 05/07/2010 6:45:35 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

Goodbye Newswipe, you were consistently the slimiest of the slime. Your Newsweak polls were always the most incorrect in your favoritism of the dimbulbs. You never missed an opportunity to be a hack for the libs.


10 posted on 05/07/2010 6:46:36 AM PDT by quinhon6869
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To: abb

The very media who will tell you how great obama’s economy is doing.


11 posted on 05/07/2010 6:47:18 AM PDT by jersey117
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To: Thurston_Howell_III

The only racism I am for is the racism against commie pig dogs like our president, most of his cabinet, most of his czars, and most of his administration along with many democratic members of Congress.


12 posted on 05/07/2010 6:49:27 AM PDT by Ev Reeman
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To: abb

13 posted on 05/07/2010 6:51:14 AM PDT by TexasCajun
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To: abb

If the socialists running Newsweek had any business sense, they wouldn’t pretend that their far-left entertainment journal is actually a news journal. Of course, if they had any business sense, they wouldn’t be socialists.


14 posted on 05/07/2010 6:52:08 AM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: Pollster1

With what is happening on Wall Street right now is deserved because many of those business bastards are in bed with Obummer and his administration, got him elected, financed his campaign and are continuing to bow low to him just as he bows low to foreign dictators and enemies of our country.


15 posted on 05/07/2010 6:55:04 AM PDT by Ev Reeman
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To: abb
Newsweek Revenue Dropped 36% In Q1

Gosh. I knew I'd forgotten to do something. I forgot to mail in my special bargain-rate offer of 3 years of Newsweek for just $12. When I mail it in, that'll bring their revenue back up to break-even. Sorry, Newsweak; I got your fat-finger error right here.

16 posted on 05/07/2010 6:58:29 AM PDT by Migraine (Diversity is great... ...until it happens to YOU.)
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To: abb

Die, Newsweek, die (you commie rag you)!


17 posted on 05/07/2010 7:01:26 AM PDT by Ev Reeman
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To: Common Sense 101
NewsweekSpeak Revenue Dropped 36% In Q1...

Just seems to make more sense that way.

18 posted on 05/07/2010 7:03:32 AM PDT by gwilhelm56 (The one thing we learn from history is .. People REFUSE to Learn from History!!)
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To: abb

http://www.bloomberg.com/apps/news?pid=20601204&sid=aoltvfivvYSc
Cable Operator Stocks Plunge as FCC Goes ‘Nuclear’

http://www.chron.com/disp/story.mpl/business/6993893.html
Hearst’s daily newspapers in Texas form business

http://preview.bloomberg.com/news/2010-05-07/blockbuster-senior-bondholders-are-betting-company-will-go-out-of-business.html
Blockbuster Bondholders Bet Company Will Go Out of Business


19 posted on 05/07/2010 7:06:36 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
No one wants to read that leftist, commie drivel.

It should be called the "obama admirer magazine".
20 posted on 05/07/2010 7:09:56 AM PDT by FrankR (Standing up against tyranny must start somewhere, or the future will belong to the tyrants.)
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To: abb

Can’t believe revenue only dropped 36 percent, bad and biased as this rag is.


21 posted on 05/07/2010 7:15:40 AM PDT by Joe Boucher (Just say NO to RINOs. (FUBO))
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To: abb

We already have 24/7 liberal news anywhere and everywhere. Why did they think that format would succeed?


22 posted on 05/07/2010 7:36:28 AM PDT by bboop (We don't need no stinkin' VAT)
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To: abb

Was Newsweak ever a decent magazine?


23 posted on 05/07/2010 7:36:51 AM PDT by Jack Hydrazine (?)
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To: Jack Hydrazine
Was Newsweak ever a decent magazine?

I think so, but that would have been so many years ago, I couldn't put my finger on when that was...

24 posted on 05/07/2010 7:38:44 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

http://www.marketwatch.com/story/washington-post-earnings-show-pockets-of-strength-2010-05-07?siteid=nbih
Post’s Newsweek news should send tremors


25 posted on 05/07/2010 8:08:52 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

BAILOUT!


26 posted on 05/07/2010 8:55:16 AM PDT by Dogbert41
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To: abb

http://blogs.forbes.com/billions/2010/05/07/carlos-slim-denies-rumors/
Carlos Slim Denies NYT, Newsweek Rumors

http://www.reuters.com/article/idUSN0719104520100507
Mexican tycoon Slim not doubling NY Times stake -aide

http://www.hillmanfoundation.org/blog/newsweek-sale
A Magazine That Mattered

http://trueslant.com/michaelhastings/2010/05/07/newsweek-what-went-wrong/
Newsweek: What Went Wrong

http://www.nydailynews.com/entertainment/tv/2010/05/07/2010-05-07_cnns_new_angle_can_be_dizzying.html
CNN’s new angle can be dizzying

http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=127683
FCC Chair Cites ‘Third Way’ For Neutrality

http://www.medialifemagazine.com/artman2/publish/New_media_23/FCC-We-re-going-to-regulate-the-web.asp
FCC: We’re going to regulate the web

http://www.broadcastingcable.com/article/452350-Title_II_Industry_Comes_Out_Swinging.php
Title II: Industry Comes Out Swinging
Genachowski’s proposal generates negative response from cable, phone networks


27 posted on 05/07/2010 12:22:28 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Jack Hydrazine

I think it was back in the late 1960’s....my step-Dad, (at the time) a John Bircher subscribed to it....


28 posted on 05/07/2010 1:55:38 PM PDT by goodnesswins (Destroy AMERICA.....Vote DEMOCRAT)
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To: goodnesswins

The newsweak spin is that they are the material of choice for DECISION MAKERS. (!)


29 posted on 05/07/2010 2:13:12 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: goodnesswins

A great news weekly magazine down the tubes due to Leftist infiltration. Oh well. Let a conservative weekly news mag replace it.


30 posted on 05/07/2010 3:21:27 PM PDT by Jack Hydrazine (?)
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