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Newsweek, Daily Beast together have lost about $30 million (Dinosaur Media DeathWatch™)
Poynter Online ^ | October 31, 2011 | Jim Romenesko

Posted on 10/31/2011 12:20:56 PM PDT by abb

Tina Brown says The Daily Beast website is on track to be profitable this year, but Lucia Moses points out that getting the combined NewsBeast into the black by early 2013 — Daily Beast backer Barry Diller insists that’s possible — will be a daunting task. “If that task takes years and Newsweek can’t find a way to regain the relevance weekly newsmagazines have lost since the explosion of news on the Internet, then Diller and Jane Harman, Sidney Harman’s widow, could reach the point where they finally decide to cut bait,” she writes. “The idea that NewsBeast could ever become a successful operation has always seemed far-fetched.” On the bright side, Newsweek’s newsstand sales are up under Tina Brown, “but newsstand sales are only 3 percent of the magazine’s circulation, and they don’t make it much money,” notes Moses. Reed Phillips, managing partner at media investment bank DeSilva+Phillips, tells her:

I don’t think it’s a quick turnaround. Advertisers are going to take time to get comfortable that Newsweek is on a solid foundation. And the ad market’s jittery already. I think the biggest challenge is, it has to be redefined in a way that has to be engaging with readers. New York magazine did it. With the talent The Daily Beast has, there’s anticipation that that can be done. And it needs more of an edge compared to what it was in the past, before they bought it.

Brown said last November that it will take “a while” for her to make on Newsweek, and that the print/website combo is “a good model.” She told WWD.com: “You’re seeing this with Bloomberg and BusinessWeek, and Politico and its newspaper, and now you’re going to see the Daily Beast and Newsweek.”


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: advertising; dbm; magazines; newsweek
Happy Halloween.
1 posted on 10/31/2011 12:21:06 PM PDT by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; Bahbah; bert; bilhosty; Caipirabob; carmenbmw; ...

ping


2 posted on 10/31/2011 12:22:29 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: abb

Drop dead, Newsweak. “News stand sales are up.” This is only because of the cover attacking Sarah Palin that all the commies bought to show on their limp TV shows.


3 posted on 10/31/2011 12:26:19 PM PDT by ozzymandus
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To: abb

http://recoveringjournalist.typepad.com/recovering_journalist/
Newspaper Next, Five Years Later

http://news.yahoo.com/winfrey-looks-energize-her-network-130015463.html
Winfrey looks to the Web to energize her network

http://www.nytimes.com/2011/10/31/business/media/cable-tv-holding-web-rivals-at-bay-earnings-show.html?_r=1
Cable Is Holding Web TV at Bay, Earnings Show

http://www.adweek.com/news/television/nfl-net-s-thursday-already-sales-winner-136178
NFL Net’s Thursday Already a Sales Winner
Network inches closer to sellout By Anthony Crupi


4 posted on 10/31/2011 12:31:50 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: abb
Hard to believe such honest news brokers would have trouble keeping an audience.

Snoozeweak has worked very hard over the decades to loose readership. They deserve everything that happens to them.

5 posted on 10/31/2011 12:32:23 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: abb

Companies run by people who have a hatred for Capitalism struggle in a Capitalist system. Who’d a think it?


6 posted on 10/31/2011 12:33:20 PM PDT by 5thGenTexan
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To: abb
Photobucket
7 posted on 10/31/2011 12:33:42 PM PDT by Dick Vomer (democrats are like flies, whatever they don't eat, they sh#t on.)
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Support Free Republic

8 posted on 10/31/2011 12:39:13 PM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: abb

Why should I buy paper and get yesterdays news, when I can log on get real time news?


9 posted on 10/31/2011 12:42:49 PM PDT by Little Bill (Sorry)
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To: abb

Damn - they were really counting on that last OBama “jobs-program!”


10 posted on 10/31/2011 12:43:24 PM PDT by PGR88 (I'm so open-minded my brains fell out)
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To: abb

Thanks for posting. DEFUND socialist collectives and their propagandists.


11 posted on 10/31/2011 12:47:41 PM PDT by PGalt
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To: 5thGenTexan

Good point.

The media in general is such an enigma.

They operate in a capitalist system, but yet openly advocate communism.

They operate under the protection of the 1st ammendment, but openly campaign for marxists.

They are actively participating in their own demise.


12 posted on 10/31/2011 12:50:04 PM PDT by Texas resident (Hunkered Down)
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To: abb

If the Daily Beast is hurting, how’s the Daily Brute doing? </Evelyn Waugh


13 posted on 10/31/2011 12:59:16 PM PDT by USFRIENDINVICTORIA
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To: Texas resident

Which is proof that liberalism is a mental disorder.


14 posted on 10/31/2011 12:59:24 PM PDT by henkster (Socialists and liberals all want jobs; they just don't want to work.)
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To: abb; Jim Robinson

Maybe FR should ban all articles from those faux news. Why should we give them hits...just makes their site seem to be generating lots of hits.


15 posted on 10/31/2011 1:08:33 PM PDT by goat granny
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To: abb

NewsWhatttt!!


16 posted on 10/31/2011 1:09:52 PM PDT by DaxtonBrown (http://www.futurnamics.com/reid.php)
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To: Little Bill

“Why should I buy paper and get yesterdays news, when I can log on get real time news?”

Exactly. My subscription dues go to Free Republic.


17 posted on 10/31/2011 1:14:12 PM PDT by Parley Baer
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To: goat granny

I almost never click on sites like Daily Beast. I have no respect for it, or for others like it.


18 posted on 10/31/2011 1:14:17 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: abb

Barry Diller has probably crawled in and out of as many beds and hot tubs as Rock Hudson.

Somehow, he is a survivor and not a poor man, in fact, he is about making money, why he wastes his time or money on this beast is more about ego than anything.. let it go, Barry. let it go.


19 posted on 10/31/2011 1:18:23 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: abb

Happy Halloween ...

... to all you people in the MSM including: newsers, nitworks, mag ho's, cable ho's, music ho's, and Hollyweird!

20 posted on 10/31/2011 1:51:42 PM PDT by Zakeet (If it ain't broke, the Wee Wee will fix it until it is)
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