Red Letter Day: Hundreds of Newspaper Jobs Cut

Hundreds of newspaper jobs have disappeared this week as media companies start to slash costs as the economic crisis continues to drive the newspaper death spiral. Gannett Co Newspapers were hardest hit in what is likely to be ... Read >

Was that a concert I heard in your living-room last night?

  Tonight I was invited by nicefishfilms (thanks Michael) to join him; and about 180+ people, in the living-room of Peter Himmelman for a great jam session. Peter, along with some other really good musicians, held a concert ... Read >

McClatchy, Christian Science Monitor announce Foreign Bureau content sharing deal

In another step forward for resource sharing between newspapers, McClatchy and the Christian Science Monitor (CSM) has announced a content sharing deal for their Foreign Bureaus. Under the deal, McClatchy will provide CSM with stories written by ... Read >

Understanding the fall of Newspapers in revenue numbers

We reported yesterday that Newspaper revenue in the United States fell 19.26% for the 3rd quarter of 2008, a record decline off the back of a staggering 30.85% drop in classified advertising. But what do the figures mean? ... Read >

The Newspaper Death Spiral is accelerating: Classified Ads Down 31% Q3

Newspaper advertising took a 19.26% fall in the third quarter of 2008 off the back of the hemorrhaging classified market. The 19.26% overall fall is worse than the previous record of a 16.07% drop in the second quarter ... Read >

Time Magazine Trims Back Its Global Editions

Time Magazine is trimming back its staff for the publication's various non-American editions. The magazine's multiple global editions will see significant cuts, according to Keith J. Kelly at the New York Post, and will now be largely ... Read >

And so it begins: Law Makers ask State to subsidize local papers

Connecticut State Representatives are petitioning the State to subsidize The Bristol Press and The Herald of New Britain, two papers facing shutdown in January as we reported November 11. The letter from seven Democrat State Representatives to the ... Read >

Free Newspaper Starts Charging Its Readers

A free community newspaper and online news publication has decided to go pay-for-play. Morris Communications' Bluffton Today, from Bluffton, South Carolina, will begin charging readers for both its print and online editions starting in December. The move, discussed ... Read >

McClatchy Co reports 20.4% drop in advertising for October

Newspaper group The McClatchy Company has reported a 20.4% drop in advertising for October. Overall revenue at McClatchy decreased 17.8% for the month off the back of the 20.4% drop year on year (October 2007 vs October 2008) ... Read >

Russian giant Onexim in talks to acquire Forbes

Reports in Russia are suggesting that Russian giant Onexim Group is in talks to acquire Forbes. Yakov Sadchikov of Quintura who translated the reports notes that Onexim Group is one of Russia’s largest private investment funds with investments ... Read >

Huffington Post raises $15 million: that’s an awful lot of investigative journalism

After word broke earlier this week that The Huffington Post was looking to raise a new round to fund "investigative journalism," the paper work on that round was actually being signed, and it's a nice $15 million. The ... Read >

AP to cut 10% of workforce

The Associated Press (AP) plans to cut up to 10% of its workforce in 2009, or around 400 people. Reuters quotes sources at AP who were present when AP Chief Executive Tom Curley delivered the news as ... Read >