Posted on 02/28/2011 6:06:05 AM PST by abb
While overall ad spending enjoyed a modest recovery in 2010, that did not extend to newspaper publishers, which suffered another round of declines (albeit smaller than previous ones) in the fourth quarter of the year.
The weak results were rounded out this week by A.H. Belo, publisher of The Dallas Morning News, which announced that total revenues in the fourth quarter came to $130.8 million, down 3.4% from the same period in 2009. The company attributed this to a 6% drop in ad revenue, including a 10.7% drop in display ads and an 8.8% drop in classifieds.
Belo's digital ad revenue decreased 0.9% to $9.9 million, while circulation revenue fell 3.4% to $35.1 million.
For the full year, A.H. Belo said total revenues came to $487.3 million, down 6% from 2009, due mostly to an 11.9% decrease in combined print and digital ad revenues. Display advertising for the full year dropped 15.4% to $119.7 million, while classifieds fell 15.4% to $62.8 million, and digital ad revenue slid 4.1% to $36.6 million.
The weak trend continued at The New York Times Co., which reported that total revenues fell 2.9% in 4Q to $661.7 million, reflecting a 3.1% drop in ad revenues and a 3.6% drop in circulation revenues. For the full year, NYTCO revenues declined 1.9% to $2.39 billion, reflecting a 2.7% drop in advertising revenue and a 0.5% drop in circulation revenue.
The McClatchy Co. reported similar findings: Total revenues in the fourth quarter were $369.9 million, down 5.9% from the same period in 2009, reflecting a 6.9% drop in ad revenues to $287.4 million, and a 3.3% drop in circulation revenues to $69 million. For the full year, revenues came to $1.4 billion -- down 6.5% from $1.5 billion in 2009 -- reflecting an 8.1% drop in advertising revenues to $1 billion, and a 2% drop in circulation revenues, to $272.8 million.
Gannett Co. said publishing revenues declined 4.7% in the fourth quarter to $1.1 billion, reflecting a 5.9% decline in advertising revenue, to $722.3 million. For the full year, publishing advertising revenue slipped 6.1% to $2.7 billion, while publishing circulation revenue fell 5.1% to $1.09 billion.
ping
Good, but its going so slow... :P
When told that his Kansas City Chiefs of the AFL were losing a million dollars a year, owner Lamar Hunt supposedly told his accountant “Thanks. At that rate I should be broke by around 2087”.
I am sure guys like George Soros will be subsidizing dinosaur media down to their very last dime.
Can I assume the further they fall into the red, the more they’ll turn against the current regime? Naw. It’s a mass suicide.
http://www.nytimes.com/2011/02/28/business/media/28bookstores.html?ref=business
Publishers Look Beyond Bookstores
http://mediadecoder.blogs.nytimes.com/2011/02/27/andrew-sullivan-joins-tina-browns-team-at-the-daily-beast-and-newsweek/?ref=business
Andrew Sullivan Joins Daily Beast and Newsweek
http://www.nytimes.com/2011/02/28/business/media/28own.html?ref=business
Oprahs New Channel Struggles to Pull in the Viewers
http://www.nytimes.com/2011/02/28/business/media/28network.html?ref=business
Cutting Out Middleman to Sell Small Ads Online
The circulation revenue drops appear to result in a larger advertising revenue drop. The drop in circulation compounds and increases the slope of the down spiral.
Salvation can come only by stopping the reader hemmorage
http://www.nytimes.com/2011/02/28/business/media/28cpb.html?ref=media
PBS Faces New Threat in Federal Budget
http://www.adweek.com/aw/content_display/news/media/e3i66e4ed05425f11d58f10145a7c1985ef
Who’ll Save Time Inc. Now? Rothenberg exit leaves publisher without clear digital strategy
http://www.mediaweek.com/mw/content_display/news/magazines-newspapers/e3i66e4ed05425f11d533d99ff0a90e94f3
Tina Brown, Media Darling
http://adage.com/article/digital/social-media-stole-mind-advertising/149120/
How Social Media Stole Your Mind, Took Advertising With It
http://www.buzzmachine.com/2011/02/24/the-distraction-trope/
The distraction trope
http://www.nationaljournal.com/domesticpolicy/fcc-explores-improved-tv-ratings-v-chip-20110225
FCC Explores Improved TV Ratings, V-Chip
http://www.time.com/time/magazine/article/0,9171,2046070,00.html
Paper Trail
http://www.medialifemagazine.com/artman2/publish/TV_Reviews_21/The-Oscars-all-in-all-a-pretty-dull-night.asp
The Oscars, all in all, a pretty dull night
The much-hyped awards event came across as awkward
http://www.businessinsider.com/these-charts-explain-the-real-death-of-the-music-industry-2011-2?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Falleyinsider%2Fsilicon_alley_insider+%28Silicon+Alley+Insider%29
The REAL Death Of The Music Industry
http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=145704
Cablers Ready For Interactive Advertising
http://newsosaur.blogspot.com/2011/02/why-feds-should-not-fund-public.html#comments
Why feds should not fund public broadcasting
http://gannettblog.blogspot.com/2011/02/layoffs-estimated-job-reductions-now.html
Layoffs | Estimated job reductions now exceed 200
Obama TV is even worse and Fox is not much better.
Hollywood supposedly was shilling for Obama at the Oscars. Until Repubs boycott all media then he will remain in power like hugo Chavez and Mugabe.
Mainstream Newser ... display ads down ... classified ads down ... circulation down ... subscription revenues down ... government funding down ... broadcasting segment down ... cable segment down ... cinema segment down ... music segment down ... publishing segment down ... employment down ... recovery prospects dismal ... Libtard propaganda industry growing increasingly desperate!
I haven’t watched the Oscars for years. Can’t stand their thank yous that turn into their own little political or cause soap boxes. There is a time and place for such and that isn’t it.
Oscars down -7% from last year.
http://www.adweek.com/aw/content_display/news/media/e3ibd13c0d136d8db70ac71e58dcb7f2c16
The Overnights: And the Ratings Oscar Goes to . . . ABC
Despite telecast slipping by 7 percent from one year earlier
Sucks to be them! ♪♫♪♪♫♪♫
yes but sadly the bastards have managed to cut their way to a profit. Those revenues and circulation need to drop through the floor so we can be rid of these corrupt cockroaches in the print media forever.
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