{"id":259,"date":"2006-01-22T09:10:49","date_gmt":"2006-01-22T17:10:49","guid":{"rendered":"http:\/\/capnbob.us\/blog\/?p=259"},"modified":"2006-01-22T09:51:16","modified_gmt":"2006-01-22T17:51:16","slug":"newspapers-in-a-slump","status":"publish","type":"post","link":"http:\/\/capnbob.us\/blog\/2006\/01\/22\/newspapers-in-a-slump\/","title":{"rendered":"Newspapers in a Slump"},"content":{"rendered":"

Just what does the Los Angeles Times<\/strong>, the New York Times<\/strong>, the Washington Post<\/strong> (and a number of other liberal rags) expect will happen when they constantly filter the news and blatantly lie about current events? Thanks to a few conservative outlets, Fox News Channel in particular and the bloggers<\/strong>, newspapers are being exposed for their bias and are in a slump. We believe that network televised news like CBS, ABC and NBC will follow suit unless they get the bias out of their reporting. MSNBC, CNN and other left-slanted cable outlets already dwell in the ratings cellar.<\/p>\n

From Dow Jones News<\/strong>:<\/p>\n

\nNEW YORK (Dow Jones)–The nation’s newspaper companies are expected to end 2005 on a weak note as the industry grapples with a persistent advertising malaise and declining circulation.<\/p>\n

Newspapers will see a median drop in profit of about 10.9% from a year ago, according to a forecast from Goldman Sachs. That would mark the third consecutive quarter of earnings declines, with a slump of 10.6% in the third quarter and 3.2% in the second quarter, Goldman said.<\/p>\n

Newspaper companies began reporting their latest quarterly financial results on Wednesday with Lee Enterprises Inc. (LEE), which posted a 16% drop in its fiscal first-quarter earnings, hurt by costs associated with its June acquisition of Pulitzer Inc. Other newspaper companies will start reporting their quarterly results next week.<\/p>\n

Newspaper ad revenue will probably gain a scant 1% to 2% in the fourth quarter, its weakest performance of the year, said Peter Appert, who follows the publishing industry for Goldman.<\/p>\n

“It’s pretty much the same variables that we’ve seen all year: softness in the retail ad category and very disappointing auto ad trends,” Appert said. “National has been a mixed bag.” Help-wanted and real-estate advertising have seen some strength, but not enough to offset the weakness elsewhere, he added.<\/p>\n

Circulation, which accounts for roughly 20% to 25% of industry revenue and is an important metric for setting ad rates, also is expected to drag on results.<\/p>\n

Circulation revenue has been “declining hard,” said Fred Searby, publishing analyst at J.P. Morgan.<\/p>\n

Part of the drop is because many publishers have been cleaning up their circulation practices in the wake of scandals involving falsified figures at a handful of papers, which have resulted in steeper than usual declines in reported circulation figures across the industry.<\/p>\n

“That’s a one-off hit,” Searby said. But the trends in circulation “are bad anyway,” amid competition from the Internet and 24-hour news channels<\/em>, he added.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Just what does the Los Angeles Times, the New York Times, the Washington Post (and a number of other liberal rags) expect will happen when they...<\/p>\n","protected":false},"author":190,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,13,25],"tags":[],"class_list":["post-259","post","type-post","status-publish","format-standard","hentry","category-blogosphere","category-media","category-whacko-politics"],"_links":{"self":[{"href":"http:\/\/capnbob.us\/blog\/wp-json\/wp\/v2\/posts\/259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/capnbob.us\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/capnbob.us\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/capnbob.us\/blog\/wp-json\/wp\/v2\/users\/190"}],"replies":[{"embeddable":true,"href":"http:\/\/capnbob.us\/blog\/wp-json\/wp\/v2\/comments?post=259"}],"version-history":[{"count":0,"href":"http:\/\/capnbob.us\/blog\/wp-json\/wp\/v2\/posts\/259\/revisions"}],"wp:attachment":[{"href":"http:\/\/capnbob.us\/blog\/wp-json\/wp\/v2\/media?parent=259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/capnbob.us\/blog\/wp-json\/wp\/v2\/categories?post=259"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/capnbob.us\/blog\/wp-json\/wp\/v2\/tags?post=259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}