The New York Grey Nag’s Slow Death
I’m throwing this one on because … well, I’m enjoying watching this particular death. It’s a self-inflicted mortal wound that is seeping with gangrene puss.
New York Times Co. July revenue falls 10.1 percent
Ad revenue drops 16.2 percent at New York Times Co., sending July revenue down 10.1 percent
NEW YORK — New York Times Co. said Tuesday that its July revenue from continuing operations fell 10.1 percent this year as advertising revenue slipped 16.2 percent.
Overall revenue dropped to $235.9 million in July from $262.3 million in July 2007, the publisher said.
A continuing drop in classified ads and cutbacks in spending by movie studios, car companies and hotels were offset only partially by a rise in revenue from media, financial services, advocacy and health care ads for a net drop of 16.2 percent.
The company’s flagship The New York Times paper had 15.3 percent lower ad revenue. At its New England media group, which includes The Boston Globe, July ad revenue dropped 24.5 percent.
Newspapers across the country have seen revenue decline as advertisers shift spending online and circulation slips.
Total online ad revenue rose 0.9 percent in the company’s News Media Group, and circulation revenue fell 0.5 percent.
The company said its overall Internet revenue rose 2.6 percent with online ad revenue adding 5.5 percent, boosted by gains at its About.com Web site.
For the year to date, total revenue from continuing operations has fallen 6.1 percent to $1.73 billion.
The company said online advertising for its News Media Group is rising in August with improvement in display advertising revenue at NYTimes.com.
(AP)
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Gee, I wonder when the MSM is going to wake up and realize that the American people see through their disinformation campaign to elect socialists and transform us into a soviet state? Liberals are so arrogant and stupid that they can’t see the plain truth: anti-Americanism doesn’t sell. Socialism doesn’t sell. Landslide form McCain in November, folks.
August 27th, 2008 at 6:31 amI hope the MSM does NOT wake up in time to save their businesses. That will allow newer entries easier access to client base, and ad dollars. Now if we could get some good conservative group to start a paper….
August 27th, 2008 at 6:52 amI’m hoping to see “Mad Magazine” in big letters and “What Me Worry” underneath on that building.
August 27th, 2008 at 7:13 amThey have the worst writers at that paper. I can’t hardly wait until they all get their pink slips! Maureen Dowd uncerimoniously tossed out on the street. Yeah!
August 27th, 2008 at 9:07 amAs much as I dislike their editorial slant and mostly leftist writers (John Burns is an excellent exception; his Iraq coverage seemed very fair), it’s that building that bugs me the most.
See, that’s a brand new building that they just wasted a fortune on. How did they build it? The mother fuckers used the City government to sieze the land from the private landowners, so they could demolish the existing structures and build that monument to their failure. Absolute scum.
August 27th, 2008 at 1:11 pm