Monday, December 01, 2008

INK-STAINED WRETCHES, MOURNED

We may live long enough to see the extinction of the daily newspaper. The thought evokes emotion but it doesn't bring joy.

Revenues fall. Publishers and those who should know better react to reduced revenue by cutting staff and shrinking newshole. Smaller product interests fewer readers. Smaller circulation means less interest from advertisers. And so it keeps going.

Newspaper revs dropped by 18.1% in the third quarter, compared to the same period in 2007, according to the Newspaper Association of America. Media Post tells it this way:
On the print side, the news was bad across the board, with a 31% decline in classified revenue, an 11.7% decline in retail, and an 18.4% decline in national advertising. Within classified advertising, the automotive category was down 29.2%, real estate was down 38.6%, and employment was down 43.6%.

Thus, the employment category has almost pulled even with real estate in terms of actual dollar amounts lost year-over-year, with a decline of $385 million versus $395 million for real estate. The accelerating losses in both categories reflect the unfolding of the economic downturn, which began in the housing market before spreading to other sectors of the economy.
Online newspaper ad sales were down, too. Migrating to the Internet has not stopped the bleeding. This is black and white and red all over.

16 comments:

Anonymous said...

Has anyone heard about who is leaving the News-Leader, either voluntarily or through this week's layoffs?

Darin said...

The newspaper (print) technological options hasn't caught up to the distribution model.

The future is personalization, unlocking the opportunity to reduce the clutter.

Think, "Springfield News Leader - John Doe Edition"

Anonymous said...

The newsroom lost five including two page designers and section editor (through buyouts). One reporter position was open and eliminated and a long-time columnist was let go.

Anonymous said...

A long-time columnist? How many did the N-L have, other than S Oversteet?

Anonymous said...

we can only pray that it was Overstreet.

American Patriot said...

Don't know about SNL, but these cuts would've been made sooner without political ad revenues; now, they're gone and reality is setting in.

How about KY3? They've been sporting a new weather wench, which makes one wonder who bit the bullet? Generally, if history means anything, the "third base" weather guy has moved on or let go.

What has me puzzled is she's been doing the 6 and 10? Hummm.

Anonymous said...

Brandon Beck is ill. That's why the new female meteorologist has been brought in.

Anonymous said...

Not so. Brandon Beck was on the morning news today. Dave Snider was on the 5 and the new gal was on at 6.

I'd say Ron either moved on or GM Mike Scott gave him a swift kick in the ass. Ron's worst enemy was Ron.

Anonymous said...

I don't think Ron is gone YET. If he had left, you would be able to hear the cheering and clapping 999 West Sunshine all over town.

Anonymous said...

Brandon Beck announced at the end of the pre-Today Show newscast that he's having surgery tomorrow and will be off work for a month.

Anonymous said...

KY3 reported tonight that Brandon Beck is having part of his pancreas removed at a hospital in St. Louis. sounds pretty serious.

Anonymous said...

Sounds like some sour grapes on KSPR's part....why don't you leave
the guy (Ron) alone? I don't recall him ever posting anywhere bashing any of you...... which
tells me who is the one with some
class! Get a life. If any of you think you can do his job any better, go apply! I can't wait!!

Anonymous said...

Ron Hearst is the most obnoxious weatherman ever around here! He issues his forecasts like they are engraved in granite, but then never acknowledges the next day that he was wrong in his predictions, which happens frequently. And he give ridiculous warnings like "Turn on your windshield wipers when driving in the rain!" Gee, thanks, Ron. If you'd just act a little more human, we'd like you more ... maybe.

Anonymous said...

Anon 7:27...why do YOU bring KSPR into this? No one has mentioned another station in this thread until YOU did. So should we assume YOU work for KY3? Or better yet, that YOU are Ron Hearst? Of course not. Why, then, must YOU assume any of the above posts are from KSPR or KOLR employees?

Karley said...

I live in Rochester, NY. The Democrat & Chronicle has also laid off a portion of their staff, including a veteran sports columnist for well over 20 years at the paper.

It is really sad. When I read of cuts, I often wonder what my dad would say if he were still alive to see this. He lived and breathed everything about "the paragraph factory" and it is just very saddening to see what is happening in print journalism (and other forms as well).

I am in my early 30s and read the daily paper from page 1A to the back of the classifieds each and every day, but I realize that this isn't commonplace anymore.

I hope that the bleeding will stop soon before it is too late.

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