»
As print revenue for newspapers continues to decline, the industry may be facing more bad news: online growth seems to be slowing, just at a time when newspaper executives had been hoping the pace would pick up.
Interactive revenues for the Tribune Company - just purchased by real estate mogul Sam Zell - grew 17 percent in the first quarter, down from the 29 percent average annual growth in 2006, writes MediaPost.
The New York Times Co.’s internet revenue rose 21.6 percent, down from total annual growth of 39 percent in 2006. The Times’s About.com property also saw a slowdown, with 21 percent growth in Q1 07 compared to an annual growth rate of 50 percent in 2006.
Tribune’s overall operating revenues fell 4 percent, with operating profits down 16 percent. The company’s publishing group saw total revenue slip 5 percent. Ad revenue for the publishing group fell 6 percent.
The New York Times Co.’s total profit fell 9.9 percent, with print ad revenue declining 3.4 percent.
Gannett also announced its first quarter results: total revenue declined slightly from $1.88 billion in 2006 to $1.87 billion in 2007. Total ad revenue dropped 1.9 percent.
The slowing of growth may indicate a quicker tapering off of internet growth than was previously expected, says Ken Doctor, a newspaper analyst with Outsell Inc. He believes that when newspaper companies emerge from this time of transition, they will be “significantly smaller companies.”
Doctor foresees further cost reductions in terms of production and circulation.
Vending machines filled with a “synthetic blood nourishment beverage” called Tru Blood have sold out - but vampire fans can get more of the bloody refreshment at events across the country promoting a new HBO drama.
The series True Blood,…
Total magazine rate-card-reported advertising revenue for the first half of 2008 closed at $11,554,569,406, down 3.1 percent compared with the first half of 2007, according to Publishers Information Bureau (PIB), Magazine Publishers of America reported (via MarketingCharts).
Ad pages during the first…
Internet coupons have become of increasing interest to consumers, with 11 percent of households now obtaining coupons via the internet - an increase of 83 percent since 2005 - according to (pdf) a recent analysis by Scarborough Research, reports MarketingCharts.
However, the…
AMC’s Mad Men snared 16 Emmy nominations, including best drama - the first time a basic cable series was nominated in the best-series category.
The show received the most nominations of all dramatic TV series. FX’s Damages also received a…
Vogue will follow the lives of three young women as they enter the world of top modeling, pulling video together for a web-based reality series called Model.Live. Clothing retailer Express LLC paid in the low seven figures to be the…
Antiperspirant manufacturer Mitchum is launching a promotion, kicked off in the Pacific Northwest this month, that offers consumers $1 coupons attached to hangers that come from dry cleaners.
This is the third time Mitchum has partnered with EcoHangers - a company…
