MORE NEWS OF THE INDUSTRY
NYT Co. profit off 82% in 2Q
The Associated Press - 23 Jul 2008
New York Times Co.'s second-quarter earnings fell 82 percent from a year ago, when it saw a one-time gain from the sale of a unit, but print advertising continued to shrink and pulled down operating income, the publisher said Wednesday.
Cuts needed, Tribune's Zell says, 'so we can survive'
Lorraine Mirabella - The Baltimore Sun - 23 Jul 2008
Real estate mogul Sam Zell, who took control of media giant Tribune Co. about six months ago, defended yesterday the staffing and page cuts under way at The Sun and its other newspapers as necessary in the worst advertising climate in decades.
As papers struggle, news is cut and the focus turns local
Richard Pérez-Peña - The New York Times - 22 Jul 2008
Almost two-thirds of American newspapers publish less foreign news than they did just three years ago, nearly as many print less national news, and despite new demands on newsrooms like blogs and video, most of them have smaller news staffs, according to a new study.
Advertiser workers protest layoffs
Nina Wu - Honolulu Star Bulletin - 22 Jul 2008
Dozens of Honolulu Advertiser workers held signs and rallied on the sidewalk in front of their offices on Kapiolani Boulevard at noon yesterday over the unexpected layoffs of 54 employees.
The new single-digit newspaper stock
Is this the Big Board, or the Dollar Store? Nearly all newspaper stock prices have shrunk to the single-figure level
Mark Fitzgerald - Editor & Publisher - 22 Jul 2008
Two events on the New York Stock Exchange Wednesday seemed to sum up the woeful state of publicly traded newspaper companies.
Sun-Sentinel cutting news staff 20% -- but not reporting it
Joe Strupp - Editor & Publisher - 22 Jul 2008
Just days after The Orlando (Fla.) Sentinel admitted it was cutting 20% of news staff but not reporting it, The Sun-Sentinel of Fort Lauderdale, another Tribune paper, revealed it was reducing staff under a similar plan.
Allentown paper to cut 35-40 jobs, close bureaus -- redesign coming
Editor & Publisher - 22 Jul 2008
The Allentown Morning-Call is the latest paper to release information about Tribune-mandated job cuts and redesign of the daily.
After layoffs: Newspapers get smaller, Pew study finds
Mark Fitzgerald - Editor & Publisher - 21 Jul 2008
U.S. daily newspapers aren't shrinking just their newsrooms, an extensive study released Monday finds. Stories, page count, sections, international and national news are all smaller, too -- and only a minority of editors think online journalism will save their papers.
FUTURE OF NEWSPAPERS
Black Thursday in Baltimore
'Save the Sun'
Patrick Smith Photography.blogspot - 19 Jul 2008
A photojournalist's blog in Baltimore reads like an obit may be next for one of this nation's proudest dailies: "Dressed in black, nearly 200 people gathered outside The Baltimore Sun Thursday to protest 100 job cuts at the company. The rally was a show of force that will not affect the outcome of events to come, but that leaders hope demonstrated to the community what it is losing."
Modesto Bee moving ahead with plans to print in Sacramento
The Modesto Bee - 19 Jul 2008
In an update to employees, Publisher and President Margaret Randazzo said that based on an analysis of printing The Modesto Bee in Sacramento, "it is clear that this move makes both financial and operational sense."
The Sun in Baltimore cuts 55 newsroom jobs
The Associated Press - 19 Jul 2008
The Baltimore Sun says it has eliminated about 100 jobs in its latest round of job cuts. Union leaders said the cuts included 55 newsroom jobs.
Star Tribune, Guild reach tentative three-year agreement
Jim Buchta - The Minneapolis Star Tribune - 18 Jul 2008
The Newspaper Guild and the Star Tribune reached a tentative agreement Wednesday concerning a proposed three-year contract.
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