...At McClatchy, 15% of our advertising revenue today comes from online. McClatchy, a company founded before the advent of electric lights, will generate nearly $200 million dollars in digital revenue this year at a higher profit margin than our print business.
Newspapers across the country may be scaling back to survive, but online video appears to be one area where they are expanding aggressively. An analysis of 187 U.S. newspaper Web sites by Web video provider Brightcove shows a surge in their video-related activity last year.
Robert McDowell, one of five commissioners on the Federal Communications Commission, wrote a letter urging the Third Circuit Court of Appeals in Philadelphia to expedite a legal decision regarding a challenge to new media cross-ownership rules approved by the FCC in December 2007. McDowell noted the growing number of newspapers on the brink of financial collapse, suggesting that broadcasters might rescue some beleaguered dailies.
For our own self-interest -- and for the common good -- we need to start paying attention to newspapers again.
By Randall Mikkelsen
WASHINGTON (Reuters) - U.S. Attorney General Eric Holder said on Wednesday preserving a healthy newspaper industry was important and he was open to adjusting antitrust policy if it could help.
A venture by The Bakersfield Californian is one of many ways newspapers are trying to generate new revenue
Community newspapers were impacted by the challenging economy but in a much smaller way than the industry in general, according to fourth quarter 2008 financial data collected by the trade associations Suburban Newspapers of America (SNA) and National Newspaper Association (NNA). The SNA/NNA fourth quarter financial reporting group reports total advertising revenue at $428.7 million, a 6.6 percent decline from the same quarter in 2007. As a point of comparison, Glennco Consulting Group estimates an overall industry decline in fourth quarter advertising expenditures of 21 percent and many large companies have reported declines in excess of 20 percent.
Community newspapers continue to experience only a slight downturn in advertising revenues, contrary to industry-wide reported trends, according to third quarter 2008 financial data collected by the trade associations
