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NEWS OF THE INDUSTRY Newspaper ad sales head to 25-year low Newspaper advertising revenues are on track this year to dive to a 25-year low of approximately $26.5 billion, or 47% of the record $49.4 billon in sales achieved by the industry as recently as 2005. Newspaper advertising decline tapers off in second quarter Spending on newspaper ads across the U.S. declined 5.6% in the second quarter, an industry trade group said Tuesday, marking the third straight quarter that the decrease has narrowed on a year-over-year basis. Kansas City Star makes third round of layoffs since January The Kansas City Star laid off what it described as "about a dozen" employees Tuesday -- the third round of job cuts so far this year. Next big thing? TV-newspaper staff mergers Newspaper and TV newsroom mergers could become the next big thing as profit-pressed publishers and broadcasters seek to cut costs and strengthen their digital presence.
Many journalists give former Washington Post President and Publisher Philip L. Graham credit for being the first to describe journalism as "the first rough draft of history." Philly papers' deal deadline extended as negotiations continue The clock may still be ticking, but at least now there's more time left on the board. Philadelphia Media Network Inc., which purchased The Philadelphia Inquirer, the Philadelphia Daily News, and Philly.com at a bankruptcy auction in April for $139 million, had planned to finalize its purchase of the media outlets Tuesday, when it was scheduled to emerge from bankruptcy. In California, an old-style print war The office of The Bay Guardian at the bottom of Potrero Hill in San Francisco -- the site of one of the last great newspaper wars -- was eerily quiet last Thursday morning, with the sounds of a bell at the front desk echoing up into the high ceiling. Google, AP reach new deal on licensing rights Google Inc. will be able to continue posting content from The Associated Press under a new licensing deal the two companies announced Monday after months of sometimes thorny negotiations. Newspaper drivers reject tentative contract The drivers who deliver The Inquirer and the Philadelphia Daily News voted overwhelmingly Sunday to reject a tentative contract agreement reached between their union, Teamsters Local 628, and Philadelphia Media Network, the newspapers' new owner. The Newsonomics of news in a diversified world The Washington Post Company has been much in the news recently, but not because of its flagship paper. It's making news around its other holdings. It has shed Newsweek, staunching a $30 million annual bleed. More importantly to the company's finances, its Kaplan "subsidiary" has been much in the spotlight, under investigation by the feds, along with other for-profit educators, for fraud around student loans Tribune Co. creditors court Michael Eisner and Jeff Shell for top jobs Former Walt Disney Co. Chief Executive Michael D. Eisner is in discussions that could lead to his return to the media spotlight -- as chairman of the now-bankrupt Tribune Co. Colorado mulls shutting down journalism school The University of Colorado at Boulder is considering the possibility of discontinuing its School of Journalism and Mass Communications "for strategic and budgetary reasons," the state's flagship university announced Wednesday. |
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