Newsweek Revenue Dropped 36% In Q1; Ad Rev Down 38% (Dinosaur Media DeathWatch™)

Paid Content ^ | May 7, 2010 | Staci D. Kramer

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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.

[Joe Boucher]

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

[bboop]

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

[Jack Hydrazine]

Was Newsweak ever a decent magazine?

[abb]

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...

[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

[Dogbert41]

BAILOUT!

[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

[goodnesswins]

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

[longtermmemmory]

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

[Jack Hydrazine]

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