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New York Times Earnings Reflect Ongoing Double Whammy
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by mtippett | April 19, 2008 at 08:24 pm
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With ad spending overall down just under double digits at 9% for the first quarter, the New York Times' results -- most likely foreshadowing those of Gannett (GCI) (April 21) and McClatchy (MNI) (April 23) -- are the result of the double whammy afflicting newspaper companies. There's a two-headed assault on revenues -- a recession-like pullback in spending compounding the already-in-progress movement of dollars from print to interactive marketing.
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mtippett
Vancouver, Canada
ACE PRESTON
Manhattan, New York, United States
Most RecentMost Recommended Comments (2)
at 20:38 on April 19th, 2008
mtippett, I like this story. It's good stuff.
This is shocking, The New York Times is like the flagship of newspapers in my opinion.
at 02:48 on April 20th, 2008
stlll remember when warren buffett sounded warnings on newspapers many many years ago. in a new (internet) world where information is practically free, it's hard to make money on selling it. but internet disruption of business models is far from over.