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 >

“Journalist Bailout” Offers Help to Laid Off Writers

With so many journalists finding themselves out of jobs these days, the folks behind Movable Type/TypePad are offering a little something to try to help ease the blow. Six Apart, the Movable Type/Typepad parent company, has announced ... Read >

Huffington Post seeks new round to fund investigative journalism

Arianna Huffington's The Huffington Post is seeking a new round to fund investigative journlism. Hufffington disclose the fact during a panel discussion at Michael’s restaurant in Manhattan Tuesday night. Robert MacMillan at Reuters was there, although he was ... Read >

Meredith Corporation takes stake in Real Girls Media Network

Magazine publisher Meredith Corporation has taken a stake in online publisher Real Girls Media Network. Real Girls Media Network portfolio includes Divine Caroline, a professional and user generated content portal aimed at women. As part of the investment, ... Read >

BBC to Begin Offering Online Simulcasts of Shows

The BBC will start simulcasting some of its shows online as they debut over-the-air, the network has announced. Shows such as "EastEnders," "Heroes," and "Never Mind The Buzzcocks" are among the titles that will be offered live on ... Read >

A Giant Falls: PC Magazine Ends Print Edition

Following the steps of many newspapers shuttering their print editions and focusing on online, PC Magazine has decided to stop publishing its long-running magazine and become a Web-only publication. The decision, reported at Paid Content in an interview ... Read >

“Deep, Painful” cuts coming to the Star Tribune

Large job cuts are coming to The Star Tribune, the largest paper in Minneapolis. In a memo sent to staff Monday, publisher Chris Harte spoke of issues with thepaper, including decreased income and a serious debt issue ... Read >

Murdoch: newspapers will survive, but physical format irrelevant

News Corp CEO Rupert Murdoch delivered the annual Boyer Lecture on Australia's ABC Sunday, and while he was positive on the future for newspapers, it's what he had to say about print editions which makes the talk ... Read >

Print newspapers will be the first to fall

Back in July I argued that broadcast television would be the first heritage media medium to fall. The reasons I gave hold true today: broadcast television is the least prepared for the changes ahead, and not having ... Read >