To cut costs and save up to $10 million a year, The New York Times will move all daily stock and bond price listings online, beginning April 4. Although the Sunday edition will remain to be published with full financial tables, two page summary tables and new online functions will replace the normal 6 page section on Tuesday through Saturday.
Posted by John Burke on February 27, 2006 at 9:35 AM
As paper and print costs rise and the Internet posts up to the minute data, many newspapers have been scaling back their stock listing pages directing readers to their websites. But not all readers comply. The latest paper to cut financial listings, the Rocky Mountain News, found out the hard way.
Newsweek reports that newspapers have started eliminating stock tables in their print editions. The web undeniably provides a more cost-effective place to present not only stock statistics, but TV listings, classifieds, and even box scores. To look up such numbers, it may be more efficient for readers to read the online versus print editions. As of last month, the Chicago Sun-Times only publishes its stock tables on the paper’s website. Four years ago, the Newark Star Ledger in New Jersey saved $1 million a year by cutting out three pages of stock tables. Has this become a new trend? Editor and Publisher’s Steve Outing says to expect other papers to soon follow suit.
Source: Newsweek
