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The new publisher of the New York Press, Manhattan Media, has said that, as of this week, it will not accept any more “explicit” advertising - that is, ads for transvestite hookers and Asian massage parlors are no longer in evidence, writes The New York Observer.
Tom Allon, president and CEO of Manhattan Media, says the company is “kissing away” perhaps a million dollars a year in revenue. The decision, he says, is not based on moral beliefs but rather on the belief that in the long term, it’s right for the publication.
Allon is also slashing The Press’s circulation from an estimated number of anywhere between 80,000 and 103,000 down to 50,000.
“A fair amount of the press circulation was above 42nd Street,” Allon says. Now, “we’re going to flood the zone downtown.” Allon plans to give The Village Voice “a run for its money.”
The Press was a rival of the Voice in the mid-90s, but has since lost its edge, according to the article.
Katz Media Group has added another new client, Lincoln Financial Media, and will sell ad time on the company’s 15 stations beginning immediately.
Katz also added CBS Radio and Entercom last week, picking them off from Interep’s list.
Katz has also…
Time magazine ousted Cosmo as the top magazine for college students in this year’s Anderson Analytics fall survey.
Time also jumped past People, which was last year’s No. 2, writes Ad Age. A Time spokesperson said the magazine did not run…
Out-of-home companies are bracing for the recession like everyone else, but they may not feel the sting as badly as other media.
Though the third quarter brought negative growth to the nation’s three largest OOH companies - Clear Channel Outdoor,…
CNN plans to offer newspapers a wire service as an alternative to the Associated Press. CNN, which already runs an internal wire service, will explain its new, expanded service to editors from about 30 papers who are visiting Atlanta this…
Regulatory filings reveal that billionaire hedge-fund manager Carl Icahn bought nearly 7 million additional shares — about $67 million worth — of Yahoo.
The investor paid an average of $9.92 for each share over the course of three days, bringing…
Email, news gathering and paying bills continue to be the most widely used online activities among U.S. adults, but downloading TV programs, watching videos and making web phone calls posted the biggest overall growth, according to data from Mediamark Research…
