Ken Doctor submits: So what do we make of the first half of 2008 in DailyLand? Bad and getting worse. I've listened to the CEO webcasts -- so you don't have to! -- and must say that there were a couple of eerie echoes of my own suggested remarks,...
In a long blog post on Romenesko, Lee Abrams, the radio vet who joined Tribune Company in March as its first chief innovation officer, takes aim at general criticisms who say that the company's recent plans will destroy newspapers. While Abrams doesn't zero in on concerns that plans to...
Joel West submits: It was a week of bad news for the U.S. newspaper industry, just the latest installment of a decade of such bad news.On Monday, a study by former LA Times reporter Tyler Marshall documented the downward spiral of the nation’s 1,217 daily newspapers. After interviewing executives...
By Ben Klayman and Megan Davies CHICAGO/NEW YORK (Reuters) - Real estate executive Hersch Klaff and media investor Leo Hindery are among the five groups Tribune Co approved to continue bidding on the Chicago Cubs baseball team, sources briefed on the matter said....
Here what newspaper company Journal Communications JRN had to say about the overall advertising market, and online advertising in particular, on its conference call: Classified advertising at the daily newspaper of $12.1 million, which includes both print and online, decreased about 22% for the second quarter of 2008....
NEW YORK (Reuters) - Clear Channel Communications Inc CCU said on Wednesday it settled lawsuits against Tribune Co and several former Clear Channel employees lured away by the newspaper publisher and broadcaster. Clear Channel said Tribune agreed not to further solicit or ...
By Ben Klayman and Megan Davies CHICAGO/NEW YORK (Reuters) - The first bids for the storied Chicago Cubs and related assets were submitted on Friday in an auction that could fetch more than $1 billion, according to a source close to the process....
In case you have not been having enough fun following the ongoing mortgage mess, the energy crisis, and the collapse of the dollar, you really should put some time in like I do, gathering data about the newspaper industry. Let's consider this week's carnage: ...
Watching the newspaper business self-destruct these past few years has been painful, like witnessing a horrible, slow-motion train crash. As one who's always liked newspapers -- and subscribed to lots of them -- I'm gonna miss them when they're gone. Even now, I can't help but notice...
The Tribune Co. said today it accepted real estate magnate Sam Zell's bid to take the company private, and it plans to sell the Chicago Cubs after the 2007 baseball season. The deal values Tribune, publisher of Los Angeles Times and Chicago Tribune, at around $8.2 billion and is structured...
Dell said yesterday that an internal financial audit discovered evidence of misconduct, accounting errors, and deficiencies in its financial controls. In 2006, the SEC began investigating Dell's past accounting. Dell, still struggling after several disappointing quarters, said it has yet to determine whether to restate past earnings results....
Online ad spending in the US grew by 34 percent in 2006 compared with 2005, according to a new study. More marketers are wooing customers on the internet because more users are switching to broadband connections and are online longer. The internet makes up only about five percent of total...
