News Journal Death Watch News
Gannett Posts Lower Revenue Results For January
2/28/2008 9:17:31 AM Gannett Co., Inc. (GCI) said Thursday that its total pro forma operating revenues for January declined 7.5% to $575.4 million from last year’s $622.0 million.
Pro forma newspaper advertising revenues fell 9.2% to $371.4 million from $409.03 million in the year-ago period.
In the idex of the finacial report you can find this: “Dead Weight: 9,17,76 (see also Ron Williams)” But to be fair to Ron, even newpapers he never polluted with his observations are sucking. Check it out.
NAA Reveals Biggest Ad Revenue Plunge in More Than 50 Years
By Jennifer Saba
NEW YORK The newspaper industry has experienced the worst drop in advertising revenue in more than 50 years.
According to new data released by the Newspaper Association of America, total print advertising revenue in 2007 plunged 9.4% to $42 billion compared to 2006 — the most severe percent decline since the association started measuring advertising expenditures in 1950.
Biggest. Revenue . Drop. Ever!
Hey – I have a business idea for the News Journal and other newspapers. STOP SUCKING SO MUCH.
Be newspapers instead of useless corporate shills. Stop pandering to the right wing for fear of being regarded as liberal. Write an investigative story that blows the lid off of the McDowell/Copeland collusion. Do some journalism for once.
Give people a reason to buy your content and the advertisers will follow.
Good point, Jason. No one is going to buy The News Journal to read stories about Iraq. What gets people to part with 50 cents is local news (and sports). The News Journal used to produce several investigative pieces each year; now, it’s next to nothing.
Gannett and other big media companies have decided to take as much local programming out of the news outlets as possible. The more stuff written by a centralized bureau, the fewer people you have to pay in each market.
Knight Ridder did the same thing to some of its great papers, including the Philly Inquirer, the Akron Beacon Journal and the San Jose Mercury News. Pulitzer Prize-winning papers are shells of their former selves.
I have suggested to The News Journal that it do stories on the vice-like grip Thurman Adams has on legislation in Delaware and Harris McDowell’s unwavering support of Delmarva Power. The story about the desk-drawer veto a few months ago was a soft shoe around Adams. They didn’t really ask him any tough questions.
Unfortunately, this is what has happened to newspapers in America. A far cry from what attracted me to the profession almost 20 years ago.