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Press Mentions

  • Ad Age/Nat Ives: It's Back: 25 MORE Media People You Should Follow on Twitter
    25 media types worth following on Twitter.
  • Ad Age: Why So Many Media Companies Stumble Globally
    The few news brands that have succeeded, to greater or lesser degrees, arguably include CNN, Bloomberg, People, Thomson Reuters, The Wall Street Journal, The New York Times, The Financial Times and The Economist. Other contenders are the Associated Press, the BBC, ABC, NBC, maybe CBS, National Public Radio, News Corp. and the top U.K. dailies, said Ken Doctor, the newspaper veteran who's now an analyst at Outsell. "If a news-media organization sees itself as covering the wider world, sees it as its foundation, that in and of itself differentiates it from all the local media -- newspapers, TV, radio -- out there," he said. "If, in addition, it has substantial reporting and editing resources, then it can play. The tough part is the part we're in: Who wins the race to ubiquity and can make it pay off?"
  • NYT: If The Globe Were Sold, What Price?
    “The best guesstimate of the real price: a buck. The best of an announced price: between $50 and $100 million,” he wrote in an e-mail message. The devil will be in the details of the obligations that a buyer would assume, he said, adding that “a buck essentially represents a gentleman’s agreement: I take a liability, headache and a distraction off your hands.” He said that the Times Company could hang on to some pension liabilities or other obligations in exchange for a higher purchase price, a number that would give the appearance that it was getting something for the more than $1 billion it paid 16 years ago. He added that no bank would be interested in financing a deal given how other deals have blown up, so “the owner’s own money is immediately at risk.”
  • Economist: It isn’t just newspapers: much of the established news industry is being blown away. Yet news is thriving
    Ken Doctor of Outsell, a research firm, reckons that the Kindle appeals to baby-boomers who would otherwise read a paper magazine or newspaper. The young prefer their iPhones and their aggregators. Indeed, the top four magazines on Kindle, according to Amazon’s website, are the New Yorker, Newsweek, Time and Reader’s Digest. Not much of a youth market there.
  • Forbes: San Diego News Shoot-Out
    "The Union-Tribune is cratering. That opens a hole in the market and the opportunity for some unconventional business models."
  • BizTimes.com: Journal Sentinel faces daunting choices
    “There’s no strategy – this is panic. What we’re likely to see this year (around the country) and what we’ll see in Milwaukee too is (publishers asking) how much they need to cut back and how much they can do to still hold their place in the market. For publishers, it’s about ‘How do we stay alive and stay profitable until we can get to some sort of breathing period?’ (Economic) recovery will not bring back their old business, but it will give them some breathing room.”
  • AP: Threat to shut Boston Globe shows no paper is saf
    The threat to close the paper "sends a very clear message to all employees and unions of surviving newspapers — that this is not business as usual. This is uncharted territory....Newspapers all "have a sword over their heads," said Doctor. If the industry wants to survive, he said, "everyone has to give some blood."
  • Guardian: Seattle mourns the last day of its venerable Post Intelligencer
    "There's a lot less reporting happening, on a national scale. For the 1,500 or so daily newspapers, it's just a matter of getting smaller and smaller."
  • Seattle Times: Seattle's oldest newspaper goes to press for the final time
    "They're bringing the full force of their national relationships and content to bear on Seattle. They [Hearst] could sustain this experiment indefinitely. If it makes a million or loses a million, that's nothing to a company like Hearst."
  • AP: Hearst hopes Web-only Seattle P-I will turn profit
    "It [online-only PI] definitely can make money. They have a head start in terms of the brand and (Web) traffic. They have to run like hell to create a new identity."

What's On My Netvibes

  • Steve Goldstein
    Fellow KR alumnus Steve Goldstein understands the research/info needs of end-use enterprise customers, and he's built a company that is helping satisfy them.
  • Peter Krasilovsky
    Centered on e-commerce of all kinds from Yellow Pages through classifieds and new ad models.
  • Mark Potts
    Mark Potts is an experienced journalist, observer of Internet journalism and an alumnus of the Backfence experiment.
  • John Blossom
    Thoughtful views on a wide-ranging mix of media change.
  • Jay Rosen
    Jay Rosen is a provocateur in the best sense, an NYU journalism professor deeply committed to keeping the press accountable and vibrant in the digital age.
  • David Meerman Scott
    David Scott understands web marketing of digital content. Check out his site and his new book, "Cashing In With Content"
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March 10, 2008

Comments

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Wing Yu

Keep in mind that there are a number of newspapers that are now building very robust online business sections in terms of editorial content and advertising opportunities. 8 pages of print have transformed into thousands of dynamically-generated webpages. The San Francisco Chronicle at sfgate.com and Houston Chronicle at chron.com both have the expected stock and mutual fund "tables". More importantly, their reporters continue to generate regional industry news (tech and energy, respectively) that can be syndicated to other media sites and to other financial channels through the use of RSS. Local reporters are in the trenches to uncover the local impact of national business stories like interest rate cuts, higher gas prices, foreclosures, layoffs, etc. The creation of local business news is still quite viable for those newspapers that choose to invest in it.

Greg

I totally agree with this, but I still find myself actually printing out an article to read. Kind of ironic...

Mark Mathes

Larry Birger, longtime business editor of The Miami Herald is widely credited in the early 1980s with launching the Business Monday concept so widely copied. In its heyday, 48 tab pages were common. He was later honored by the Society of American Business Writers and Editors in the late 1990s.
Media General's Tampa Tribune became the latest paper to drop its Monday Business section March 10. Its Sunday Business section was folded into the back of Commentary/editorial pages last year.
In our own 10 community papers that we publish in suburban Tampa Bay, local business news ranks in our top 3 highest read topics. Our front pages consistently have one or two local business or real estate stories every week.
Mark Mathes
Editor/publisher/owner
Community News Publications
Tampa
Ex-daily guy
New York Times Co., Tribune Company (Chicago)

A Cassel

You're right about the Miami Herald inaugurating Business Monday as a concept and as a standalone section. The idea came from Larry Birger, business editor at the Miami News, whose newsroom was one floor above the Herald's. Larry saw the boom in financial advertising that would follow interest-rate and stock-brokerage deregulation (national CD markets, CMA accounts, etc etc) and proposed that his own paper (owned by Cox) start a free-standing local business pub. Cox turned him down, so Larry went took his idea down the hall to KR's president, Alvah Chapman, who bought it, and him. I believe Business Monday started in 1981, under the guidance of Mike Haggerty and then Manning Pynn. (I joined the desk the following year.) It was envisioned as a tab running 32-36 pages weekly, but it quickly grew to double that size. Other KR papers followed, boosting the size of their business desks in the process.

Allan Maurer

The Web is the natural place for local business reporting to flourish. As a veteran of the pioneering Localbusiness.com (a casualty of the 2001 Net crash), I co-founded Localtechwire.com, which is now doing quite well with Raleigh's WRAL.com.

I'm currently reporting and editing a daily Web site, eWire and monthly print publication on Southeast tech business for www.TechJournal South.com, and we're in our 6th year.

It's impossible for dailies, even those with robust staffs and business-savvy reporters, to compete with the real-time reporting possible online. I've always managed to break major news through online outlets, beating top major dailies in major markets, not to mention the wire services, which treat most local news as trivia anyway.

My guess is that once the industry more fully transfers its marketing (ad sales) to the Web, more professional reporting will follow. If anything, local business reporting is getting better because of this, not worse.

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