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Media Industry Job Cuts Soar 57%

The number of job cuts in corporate America between January and April was up 9 percent from the same time period last year.

In the media industry, job cuts are up 57 percent over last year, according to a survey from consultancy Challenger, Gray & Christmas (via the Hollywood Reporter). The total number of media job cuts for the first four months of the year was 7,049. Media job cuts for all of last year were 11,700.

It’s not time to panic, says Challenger CEO John Challenger. “The job cut levels in non-financial industries are still well below what we would expect in a recession.”

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XM Revs up Indy Car Coverage

XM Satellite Radio will air extensive coverage of the 92nd running of the Indianapolis 500 in the days heading up to the May 25 race.

The Indianapolis 500 can be heard on the IndyCar Series Racing channel (XM channel 145)…

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Ogden Merges Herb Pubs

Ogden’s Herbs for Health magazine is being folded into big-sister publication the Herb Companion.

A reader survey revealed that the two publications had virtually identical purchasing habits, interests and demographics, said publisher and editorial director Bryan Welch (via Folio). The Herb…

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B&N Tosses Hubcaps, Asks, ‘How Do You Fix a Flat?

Barnes & Noble is launching a guerilla marketing campaign as part of a larger effort to promote its how-to website, Quamut.com.

The site - which touts itself as the “go to how to” - offers professionally written info that answers how-to…

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Differences in Media Consumption among Racial Groups

Targeting advertising toward African Americans, Hispanics, Asians and Whites requires distinct media plans, because these groups use traditional media differently - and their new-media adoption patterns also vary, according to an analysis by BIGresearch, writes MarketingCharts.

“Understanding how media consumption behaviors…

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Another Good Year for Millionaire Households

For the sixth consecutive year, the number of millionaire households ($1MM+ net worth, not including primary residence) in the U.S. increased significantly, reaching some 9.9 million, according to TNS’s annual Affluent Market Research Program (AMRP), writes MarketingCharts.

The number of millionaire households…

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