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Broker Breaks Ranks to Rant on Profession's 'Gibberish'

Anonymous London columnist goes public

(Newser) - A London broker who wrote a popular, anonymous newspaper column that lambasted the greed, superficiality, and "gibberish"-peddling nature of his profession is going public, quitting the financial world, and, of course, writing a book about it all, Bloomberg reports. “We didn't invent greed,” said Geraint Anderson,...

Zell's Tribune Co. Heads Toward Default on Loans
Zell's Tribune Co. Heads Toward Default on Loans
analysis
Jun 19, 2008 5:43 PM CDT

Zell's Tribune Co. Heads Toward Default on Loans

Newspapers reeling from low ad revenue

(Newser) - As the newspaper industry continues its accelerating skid into the red, even billionaire Sam Zell's Tribune Company is on track to default on its massive loans as soon as the end of the year, an analyst predicts. The parent of the Chicago Tribune and Los Angeles Times is far from...

Zell Deserves Jail for 'Dumbed Down' Papers
Zell Deserves Jail for 'Dumbed Down' Papers
OPINION
Jun 11, 2008 12:35 PM CDT

Zell Deserves Jail for 'Dumbed Down' Papers

'Visiting Visigoth' trashes serious journalism at LA Times

(Newser) - Sam Zell isn't just diminishing the great newspapers he bought in acquiring the Tribune Company, Harold Meyerson writes in the Washington Post—he's doing a grave disservice to cities that have supported the likes of the Los Angeles Times. "Zell has taken bean counting to a whole new level,...

News Writers Should Strive to Write as Much as Possible, Says Tribune Co.

Longer is better, right?

(Newser) - The Tribune Co., which as you have probably guessed is the company that produces the Chicago Tribune, among other newspapers, is bringing a revolution, or a big change, to the news business. Tribune Co.’s Chief Operating Officer, Randy Michaels, has decided to start measuring productivity by word count,...

Sam Zell: Saving Newspapers, or Burying Them?
Sam Zell: Saving Newspapers, or Burying Them?
Analysis
Jun 9, 2008 5:58 AM CDT

Sam Zell: Saving Newspapers, or Burying Them?

News cuts may stem advertising losses or hemorrhage them

(Newser) - Sam Zell and his Tribune Company announced last week that they would trim 500 pages of news each week from the conglomerate's dozen newspapers, including the LA Times and the Chicago Tribune. But is a paper split 50-50 between news and ads the solution for an industry in crisis? The...

Fake Airline Has Philly Giggling

'Derrie-Air' vowed to charge passengers by the pound

(Newser) - An ad for "Derrie-Air" airlines made Philadelphia readers the butt of a publicity joke today, the AP reports. The owner of two newspapers and an ad agency revealed that the airline—which claimed to charge passengers by weight, and be carbon-neutral—was cooked up to prove the power of...

Surprise, Webheads: Newspaper Sales Are Up

Worldwide, that is—not in the US and Europe

(Newser) - Newspaper circulation is up worldwide despite slipping numbers in the US and Europe, the AP reports. Officials at a worldwide newspaper conference said today that India and China are leading the 2.6% increase, thanks to higher literacy, incomes, and more leisure time. "They say newspapers and print are...

Reporters Can't Let Trauma Stop Them
Reporters
Can't Let
Trauma
Stop Them
OPINION
May 17, 2008 1:38 PM CDT

Reporters Can't Let Trauma Stop Them

Tough stories are worth it in the end

(Newser) - One North Carolina reporter is still haunted by the horror of rapes and murders she witnessed every day. But her empathy also made her a better reporter, and that’s worth it, Melissa Manware writes in Quill. When readers, particularly former victims, responded to stories, it made “the work...

Cablevision Buys Newsday
 Cablevision Buys Newsday 
May 12, 2008 8:07 AM CDT

Cablevision Buys Newsday

LI company wins battle for paper

(Newser) - Cablevision will pay Tribune Co. $650 million for Newsday, the companies said this morning. The cable operator's bid for the Long Island daily and its free offshoot amNew York topped $580 million offers from New York Daily News owner Mortimer Zuckerman and News Corp., reports the Wall Street Journal.

Newspaper Circulation Off 3.6%
 Newspaper Circulation Off 3.6% 
Apr 28, 2008 4:37 PM CDT

Newspaper Circulation Off 3.6%

USA Today , WSJ only big names to buck accelerating downward trend

(Newser) - Newspaper circulation contracted the past six months as competition from Internet sources and cutbacks in advertising decreased sales, Bloomberg reports. Circulation dropped 3.6% for the industry as a whole, with only USA Today and the Wall Street Journal enjoying slightly increased circulation among the 25 largest papers. "The...

Daily Paper Dumps Print Edition for Web

Move by 90-year-old Madison paper an omen for industry

(Newser) - In an ominous sign of the times for printed news, a struggling 90-year-old Wisconsin daily newspaper is shutting down its daily print operation, but will continue to exist online, the New York Times reports. Most of the 18,000 current subscribers of Madison's afternoon Capital Times are switching to the...

Murdoch Closing In on Newsday Deal

Media mogul about to grab third New York paper

(Newser) - Rupert Murdoch's News Corp. empire is closing in on a deal to buy Newsday from the Tribune Company for an $850 million package, reports Reuters. Under the terms of the deal, Newsday would be run as a joint venture with the New York Post, but the papers would remain separate...

Murdoch's Journal Readies Battle Against the Times

Clash of titans recalls Hearst v. Pulitzer

(Newser) - A newly Rupert Murdoch-ified Wall Street Journal throws down the gauntlet at the New York Times tomorrow, reports Newsweek, in the biggest battle of newspaper titans since Hearst v. Pulitzer. Murdoch is looking for (more) power and respect from the journalistic elite at a time when the Gray Lady is...

Strike Keeps Le Monde Off Newsstands

French paper's staff, management square off over job cuts, debt

(Newser) - Le Monde was absent from French streets today for the first time in more than 30 years as staff went on strike at the debt-ridden newspaper. In the ongoing battle over the future of the prestigious evening title, which saw the editor-in-chief pushed out, management is now trying to eliminate...

Zell Turns to Radio Talent to Shake Up Newspapers

Tribune chief hiring radio veterans to help company

(Newser) - New publishing mogul Sam Zell is recruiting colorful veterans from the radio industry in a bid to help save his struggling Tribune Company, the Wall Street Journal reports. Zell is hoping the imports will spark innovation at the company, whose debt has swelled to $12.8 billion amid declining newspaper...

Angry Journalists Get a Website for Ranting

Angryjournalist.com easily surpasses imitator, happyjournalist.com

(Newser) - Ticked-off journalists now have a forum to anonymously vent anger about the demands of their fast-changing profession: angryjournalist.com. A young former reporter created the site because he was disappointed by the direction of the industry and its high turnover, reports the AFP. "It's kind of depressing to see...

Cash-Strapped Papers Take Scribes Off Trail

Some mourn loss of perspective; others find blogs are OK substitute

(Newser) - The decline in the number of writers attached to presidential campaigns is “striking,” the New York Times reports—with only five newspapers trying to follow the candidates full-time. With per-person travel costs at $30,000, or more, a month, cash-strapped outlets are choosing not to foot the bill....

Newsday Sale Another Bad Sign in Teetering Industry

New paper owners face outlook grimmer than those that scared off predecessors

(Newser) - Just last year, Sam Zell was optimistic enough about newspapers to buy the Tribune Company. Now he’s selling Newsday, one of the conglomerate’s top publications. “The news business is something worse than horrible,” he said recently. Across the industry, gung-ho new owners like Zell are experiencing...

Times Tells Inside Story of Spitzer Scoop

Staffers won't say how paper got scoop, butwill dish on 'Kristen,' other angles

(Newser) - With the New York Times in the spotlight for breaking the Eliot Spitzer story, the paper’s urban-affairs correspondent tackles a flood of reader questions, ranging from whether Hillary Clinton will still get Spitzer’s superdelegate vote (“she loses it”) to how the Times got the story in...

At Murdoch's Journal, No Cheap Makeover

New faces and ideas to mine affluent audience, but no Foxification

(Newser) - Rupert Murdoch may now own the nation's hallowed financial bible, but the dumbing-down fears that accompanied the purchase of the Wall Street Journal have so far proven unfounded. This week the Journal will introduce a new sports page that will integrate stats from another News Corp. property, but Murdoch's company...

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