Tuesday, April 21, 2009

Tuesday April 21 -- Got news or an update?

If you have news or an update, leave it in comments.


Anonymous said...



NY Times Co. 1Q losses worsen as ad sales plunge 27 pct

The New York Times Co. says its first-quarter losses worsened amid a dramatic downturn in advertising revenue at its newspapers.

The setback announced Tuesday was even worse than pessimistic analysts had anticipated.

The publisher of The New York Times and The Boston Globe lost $74.5 million, or 52 cents per share, in the first quarter. That compared with a loss of $335,000 at the same time last year. That was break-even on a per-share basis.

Anonymous said...

WSJ "America's Newest Profession: Bloggers for Hire"

The best studies we can find say we are a nation of over 20 million bloggers, with 1.7 million profiting from the work,and 452,000
of those using blogging as their primary source of income.

Funny, the WSJ called it a PROFESSION. I wonder what MNI Marxists call it,... from the unemployment line?

Anonymous said...

Landing on their feet?
"A group of 30 former Rocky Mountain News staffers has launched INDenverTimes, a professional-looking news site that aims to cover local news, sports, business, arts and entertainment, along with “a Denver perspective on national news.”

Anonymous said...

The NYT just won all those
Phew-litzers too. Maybe that little bit of fraudulent political rewarding will bring them right back to the top.

Anonymous said...

"Capt. Gary asked for volunteers who would like to go for a swim and then extended the plank." This is humorous, but we have been saying these things all along.
Farewell to N&Oers tells the story of RMS McClatchy
Poynter Online (PDF file) | newsobserver.com

The mock front page designed for the 31 News & Observer staffers who are leaving the paper today says the RMS McClatchy -- one of the largest newspaper steamships in the world -- "was welded together from the hulls of several old steamships, including a leaky tub called the RMS Knight Ridder." Eventually, the steamship hit an iceberg and began to take on water. "Capt. Gary asked for volunteers who would like to go for a swim and then extended the plank." || Related: A terrible, horrible, no good, very bad day.

Anonymous said...

Oh horrors, the Pru will lose his personal touch with his source of music inspiration. Who knows what music will accompany his next speech? He seems to favor old guys, but what a decision? His head must be bursting with anxiety.
-Rolling Stone exits San Francisco, where it was founded 42 years ago-

San Francisco Chronicle
"There wasn't enough business to justify having a full-time office in San Francisco," says a Rolling Stone spokesman. An ad sale rep and two Men's Journal employees are packing up. The last SF editorial bureau was closed in the early 1980s.

Anonymous said...


Obama has spent more $$$$ in his
first 100 days than ALL presidents COMBINED in the 234 year history of this country.

Just sayin'

Anonymous said...

The Fortune 500's biggest losers: 14. Gannett

Anonymous said...

Wall Street Journal
The number of people blogging for at least some income is approaching 1% of American adults.

Anonymous said...

Calling stock experts- Market cap translation

CHICAGO (MarketWatch) -- Newspaper publisher McClatchy Co. said Monday it's been warned that it could be delisted from the New York Stock Exchange unless it can lift its market capitalization to
[$75] million within 18 months.

Today the Market Cap: [$45.78M]

Does that literally mean raising the difference between these two numbers? That doesn't sound like all that much, if it does.

Anonymous said...

Human resources regionalization in the Carolinas. CO's HR director is leaving...

Anonymous said...


Yes this was discussed elsewhere on the blog, but there are 2 requirements for listing.

1. Market cap of $75m
2. $1 average daily value (30 days)

McClatchy has until Dec 2009 to achieve #2 and until Dec 2010 to achieve #1.

Thus solving #2 will easily put us over #1.

Anonymous said...

For those of you DINOSAURS, and the new ones to join us:

What we did at THE FRESNO BEE..
The CORPORATION has changed drastically since ELEANOR
( McClatchy) died. She would come into the old building and know everybody by first name. Stated that "Coffee would NEVER be more than five cents a cup in the full service cafeteria, AND "LOCAL advertisers spend their money with us, so we WILL purchase everything locally from them.

All the retirees and newly let go people ( the ones who have been together many years) meet one moring every two months at a local Denny's to renew friendships, chat, and relive the good old days. We also find out who had "passed on" since the last meeting!