Grim First-Quarter Results for Newspapers Essay

This particular phrase talks about the continuing decline in news programpaper publisher subscriptions and purchases by the general public. Many people believe that the newspapers and all in all print magazines be well on their way to being extinction. Many critics believe the causal agent for this is because the news female genitalia easily and efficiently be found and occupy on the inter profits. The world wide web offers a great fountain of news except beyond that it allows for people to surrender a password about news topics. This leads to a much well rounded draw near to all(prenominal) issue that becomes news worthy. No longer is the public blindly fed whatever the newspapers want them to read.The public can aggressively desire out information, both sides of the story, on the internet. Obviously, as an online news reader you fuddle to be satisfactory at research and just as good at telling the truth from fiction. However, I think the decline of the newspaper h as very little to do with the internet and blogging.In todays world, newspaper are so focused on selling adds and inserts that they bump to offer the public any interesting information. Who wants to wade through all the advertisements only to find the information you want squished between what is on exchange at the grocery store and whats one sale at JcPenneys. When you pay for a newspaper you are paying for the news not be manipulated by marketing companies telling you what you should be, buy, and strive for. Online I can search for exactly the news story I want. I cede direct access to all the information and I dont have to dispose of all those paper inserts trying to sell me shoes. latespapers have failed to keep up with the demands on a now much more well informed public. Instead of having reveal articles written by better authors to increase circulation (thus increasing profit) they have chosen to fill up every extra piece of space with marketing junk that most news reader could care less about. Newspapers will die out but only because they believe money was more important than truth.lGrim First-Quarter Results for NewspaperslAd receipts From Web Operations Become More Important to PublishersBy Nat Ivespromulgated April 14, 2006NEW YORK (AdAge.com) Newspapers made a bit of a grim divulge this week when they reported their front-quarter earnings, revealing profit declines at The New York multiplication Co., Tribune Co., McClatchy Co. and powerhouse Gannett Co., but displayed at every turn the rising enormousness of the Web to their businesses.The New York generation Co. reported perhaps the brightest results yesterday, even though first-quarter profit fell 68.5% to $35 million from $111 million a division earlier. That apparent free fall, however, mostly reflected the extra income in last course of studys first quarter when the company sold its headquarters in Times Square.About.com boosts Times Co. The Web played a big role in the companys o verall respectable results. Ad tax income rose 3.9% in the first quarter to $554.6 million, up from $533.8 million in the year previous quarter. The Times Co. ad increases were largely delivered by About.com without that property, ad revenue would have increased just 0.7%.Earnings per share were 4 cents, a penny higher than the analysts consensus expectation compiled by Thomson Financial.Our results in the first quarter reflect higher advertising and circulation revenues at The New York Times Media Group and the Regional Media Group, in part due to the introduction of innovative new products, said Janet L. Robinson, president-CEO. But The Boston Globes unit, The New England Media Group, was again hit hard by consolidation among advertisers and a cowl competitive environment, she said.Tribune looks to Web assets Another heavy-hitter, The Tribune Co., reported yesterday that its first-quarter earnings as well fell to the tune of 28%, with flat ad revenue. The Tribune owns newspape rs including The Los Angeles Times and The scratch Tribune. Tribune expects online ad revenues to contribute about $350 million in 2006 it counts a gamble a CareerBuilder.com among its Web assets.McClatchy Co., which agreed last month to buy Philadelphia enquirer parent Knight Ridder, reported a 14.2% decline in first-quarter net income. Ad revenue at McClatchy, which houses newspapers including the Sacramento Bee, grew 1.4% to $237.1 million.The powerhouse that is Gannett turned in perhaps the most surprising report on April 12, announcing that net income sank 11.5% in the first quarter. Its newspapers ad revenue grew 5.7% to nearly $1.3 billion, but that factors in acquisitions without which first-quarter ad revenue would actually have fallen 1.8%. At its flagship USA Today, ad revenues declined 4.2%.