Newspapers
It’s been a while since I updated the story of CanWest’s stock troubles and now might be a good time: it appears as though it may have bottomed out. After hitting a new 52-week low of 61 cents a share on Tuesday, the stock rebounded through the rest of the week, closing at 73 cents [...]
Something is happening with CanWest shares: the price just jumped 13 cents and the volume of shares being traded is almost three times as high as the average. CanWest closed at 72 cents a share yesterday. At the moment, it’s trading at 85 cents, a mark it has only hit once in the past five [...]
Every reporter picks and chooses to build a narrative from an event, but the difference between these two reports on Rupert Murdoch’s recent lecture on the future of newspapers — Murdoch upbeat about future of newspapers in the Globe & Mail and Murdoch to media: You dug yourself a huge hole at CNET News — [...]
I don’t know if Steve Ross is right, but his post Craig’s List had NOTHING to do with a decline in classified ad revenue is both interesting and scary. It’s interesting because he claims the numbers, provided by Newspaper Association of America, show that classified ad revenue changes are almost all explained by economic change. [...]
The Canadian media giant released its fourth-quarter results early this morning, and while the Globe and Mail headline reads “CanWest loses $1.02-billion,” most of that is a $1.01-billion non-cash writedown on goodwill and licences. I’m not even sure what that means. More interesting to me are the operating numbers. From the Globe: Excluding the writedown [...]
So, how did the market react to CanWest’s cost-cutting measures announced yesterday? The media company’s stock opened at 85 cents a share (exactly where it closed Wednesday), hit a new low during the day of 75 cents, and closed at 80 cents, down 5.88 per cent for the day. And share volume was well below [...]
Stephanie Romanski, web editor for the Grand Island Independent in Nebraska, has details of how her newspaper used the web to cover election night in the U.S. It’s more than just a show-and-tell: this is really nice “cookbook” for how a small newspaper can bootstrap freely available web services to give readers a comprehensive, interactive [...]
Some recent news from newspapers in the Great White North. No, we don’t face the same immediate challenges of the American newspaper, but Canadian newspaper watchers who think what ultimately happens here will be significantly different from what happens south of the 49th are, I think, deluding themselves. CanWest: After dropping about two-thirds of its [...]
I still haven’t come to any definite conclusions about what the Christian Science Monitor move to the web means, but these folks all have smart things to say about it: Alan Mutter: Monitor move doesn’t spell end of print Ken Doctor: The Monitor Flips the Switch (If you’re only going to read one of these, [...]
Tim Oren, a right-of-centre political blogger at Winds of Change, has a quite cogent report on the state of newspapers that we who love them hope doesn’t spread far. I was attracted to his piece by the headline: The newspaper crash of 2009 … and how you can help. In his post, he lays out [...]
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