Internet advertising in US declined 5 percent in 2Q as recession crimped marketing budgetsOctober 5th, 2009 US online ads fell 5 pct to $5.43 billion in 2QNEW YORK — Newly released statistics show that Internet advertising in the U.S. fell 5 percent in the second quarter as the recession continued to crimp marketing budgets.
Gannett expects 3rd-quarter earnings to top Wall Street estimates; sales missSeptember 30th, 2009 Gannett expects 3Q earnings to top estimatesNEW YORK — Gannett Co., the largest newspaper publisher in the U.S., said third-quarter earnings should far outpace expectations despite a narrow shortfall in revenue, as layoffs and falling newsprint costs help offset weak advertising sales. Tuesday's announcement gave a sharp boost to Gannett's and other newspaper stocks.
Advertising revenues set to grow 65 percentSeptember 2nd, 2009 NEW DEHI - Advertising revenues in the second half of the year are set to grow more than 65 percent, says a study. The industry logged just Rs.7,452 crore in January 1-June 30 this year, a whopping Rs.1,414 crore less than what it made in the same period last year, according to the mid-term review of the Pitch Madison Media advertising outlook 2009.
CBS Corp. 2nd quarter net profit falls 96 percent on advertising weaknessAugust 6th, 2009 CBS 2Q net profit slumps 96 percent on weak adsNEW YORK — CBS Corp. said Thursday its second-quarter net profit fell sharply as softness in the advertising market continued.
Gannett posts 2nd-qtr profit above analyst views despite sales dropJuly 15th, 2009 Gannett beats forecast with 2Q profit; shares jumpNEW YORK — Gannett Co., the largest U.S. newspaper publisher, topped expectations for its second-quarter earnings Wednesday as it reversed a loss from a year ago, even though advertising revenue continues to dive.
Gannett implements layoffs at US newspapers in latest round of cutbacksJuly 11th, 2009 Gannett implements layoffs at US newspapersNEW YORK — The latest wrenching cutbacks at Gannett Co. fell this week, as hundreds of employees at the country's largest newspaper publisher received notices of layoffs.
Gannett to cut 1,400 jobs as slump in advertising revenue continuesJuly 1st, 2009 Gannett to cut 1,400 jobs in new round of cutsNEW YORK — Newspaper publisher Gannett Co. plans to cut 1,400 jobs in the next few weeks, about 3 percent of the work force, as it faces a prolonged slump in advertising revenue.
Pioneer Newspapers Inc. names former Gatehouse VP Mark Cohen its chief operating officerJune 23rd, 2009 Pioneer Newspapers Inc. names Mark Cohen COOSEATTLE — Pioneer Newspapers Inc.
Craigslist revenue on pace for 23 pct gain to $100M this year as other ad-driven media sufferJune 10th, 2009 Study: Craigslist revenue to climb 23 pct to $100MSAN FRANCISCO — Craigslist, one of the Internet's top sites for classified ads, is thriving while newspapers and other marketing-driven media are reeling from huge revenue losses. That's the conclusion of a report released Wednesday.
Lee Enterprises post smaller fiscal 2nd-qtr loss, as charges narrow; ad sales drop 24 percentMay 8th, 2009 Lee Enterprises posts loss for fiscal 2QDAVENPORT, Iowa — Lee Enterprises Inc., publisher of the St. Louis Post-Dispatch and other newspapers, said Thursday that its fiscal second-quarter loss narrowed because of smaller write-downs on the value of its assets.
New York Times raising prices for second time in less than year to offset advertising slumpMay 5th, 2009 NY Times raising prices again to offset ad slumpThe New York Times is raising its newsstand prices for the third time in less than two years as a severe advertising slump forces readers to shoulder more of the costs of producing newspapers. With the latest changes announced Tuesday, individual copies of The New York Times on Mondays through Saturdays will have doubled to $2 since July 2007.
Washington Post Co. reports 1st-quarter loss on charges, slight decline in revenueMay 1st, 2009 Washington Post Co. reports loss, ad plungeNEW YORK — The Washington Post Co.
US newspaper circulation declines faster, falling 7.1 percent in October-March periodApril 27th, 2009 US newspaper circulation sees steeper declineNEW YORK — Circulation declines at the nation's newspapers are speeding up. The Audit Bureau of Circulations said Monday that average daily circulation declined 7.1 percent in the October-March period from the same six-month span in 2007-2008.
McClatchy reports 1Q loss of $37.5M as fall-off in advertising takes results below estimatesApril 23rd, 2009 McClatchy reports wider 1Q loss of $37.5MSACRAMENTO, Calif. — The publisher McClatchy Co.
Journal Communications' earnings down 98 percent as advertising continues to languishApril 22nd, 2009 Journal Communications' earnings down 98 percentMILWAUKEE — Journal Communications Inc., publisher of the Milwaukee Journal Sentinel, said Wednesday that its first-quarter profit was nearly wiped out by a steep decline in ad revenue at its publishing and broadcast operations. The company just broke even for the quarter, posting a profit of $121,000, compared with earnings of $6.7 million in the year-earlier quarter.
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