Results matching “enterprises ceo says advertising”

The Project for Excellence in Journalism report on newspapers in 2007 stated, "Newspapers are still far from dead, but the language of obituaries is creeping in." Although there is a problem with declining revenues, there is also a crisis of morale in newsrooms, according to Peter Osnos, Senior Fellow for Media at The Century Foundation. He senses that reporters feel that no matter how good, thoroughly reported, and influential their work is, it isn't going protect the paper.

Osnos believes that reporters are unique in turning what they write about into news and determining how people are informed, a power that bloggers do not have.

According to PEJ, in 2007, the industry had its sharpest drop in advertising revenue since 195 -- 9.4%. On the other hand, on-line revenues are up: representing 7.5% of newspaper ad revenue.

If newspapers do not receive support from advertisers or circulation, they should find other ways. For example, the radio no longer is dependent on the federal government because of underwriting and individual contributors.

PEJ reports that there are a variety of locally based startups emphasizing community news, for example ProPublica and Global News Enterprises, a Boston based Web start-up.

Read more about PEJ's reports:
- Robert Niles' key lessons learned from State of the Media Report
- Journalists cite financial problems as top concern
- Internet is changing journalism

Source: The Century Foundation

Global News, the first U.S.-based website devoted entirely to international news, is slated to debut next year with correspondents in almost 70 countries. The brainchild of veteran journalist Phillip S. Balboni, the project is run by Boston-based Global News Enterprises LLC.

"There is a tremendous interest in what is happening in the world," Balboni said. "And the American people are not being well-served by our media. The moment is right for this."

Thus far over $7 million has been raised through private investors.  

Global News comes on the scene at the time when newspapers are devoting diminished resources to international news, primarily due to economic strains.

Global News intends to use wires to source breaking news, and will use on-the-ground correspondents for in-depth social, political, and economic content. The site will feature advertising supported free-content, as well as premium subscription-based content.

Sources: Boston.com through I Want Media, IHT 

At the International Newspaper Marketing Association’s (INMA) first South Asian conference it was discussed that newspapers in India would benefit from a more open exchange of ideas.

Blogs are making millions. Most probably would not have guessed that four years ago. But a few blogs focusing on a niche topic with minimal staff are earning their founders well over seven-figures based mostly on topic-specific Internet advertising. How are newspapers to compete with these specialized competences and targeted advertising?

According to Reuters, Yahoo’s partnership with newspapers may help publishers increase advertising, but it will also cost newspapers in terms of independence and flexibility.

In an interview with The Motley Fool, Lee Enterprises CEO Mary Junck describes her company’s strategies to fight the decline in print ad revenues, including the Lee Online University. And she doesn’t seem the least bit worried about this decline…

The Atlanta Journal-Constitution (AJC) has one of US’ largest online operations among regional newspapers. As part of a plan to refocus on digital, the AJC will cut its circulation area in dozens of counties, spend $30 million on a printing plant, and $12 million on a new computer system.

Mary Junck, CEO of Lee Enterprises and Robert Decherd, CEO of Belo both made positive comments about the new structure. 

A recent study from the American Press Institute (API) reports that newspapers are falling behind in local information and advertising opportunities.  The survey, “Newspaper Next: The Transformation Project,” was released last week after one year and $2 million in costs. 

One of the few national markets in which print circulations have shown positive gains in recent years, India's success doesn't seem like it will wane any time soon. But like the rest of the world, India's newspaper market is coming to grips with the Internet. So what's the future of print in India?

The speculative sale of American newspaper giant Knight Ridder, or break up thereof, does not only reflect years of newspaper circulation slides and huge profit margin demands by shareholders. More relevantly in today's new media world, it demonstrates the original carelessness of the newspaper industry in underestimating the effects the Internet would have as well as the difficulties newspapers currently face in racing to catch up.

The St. Louis Post-Dispatch has announced that 130 employees, about 10% of its workforce, will be leaving the paper on an early retirement offer. The deal includes 40 newsroom workers which journalism professor Ed Bishop says will cause a loss of "institutional memory."

Newspaper auctions are being adopted by increasing numbers of newspapers as an effective tool for generating alternative revenues. CityXpress Corp., provider of auctions for newspapers announces that the Fort Worth Star-Telegram and The Dallas Morning News will stage a cooperative online auction event in April 2004.
Source: CityXpress Corp. press release.