Luckily, it’s Friday. After reading this, go have a cold one or three. Or maybe something stronger.
Los Angeles Times kills local news section [LA Observed]
WSJ layoffs may be coming next week [Portfolio/Mixed Media]
Disney cuts: 200 fired at ABC, 200 at ESPN [MediaMemo]
Page Six Magazine goes quarterly [Crain’s]
Q: How is the print publishing business doing?
A: The print publishing business is an oxymoron. It is no longer a business. It is an advertising-driven business and advertisers have driven elsewhere.
Q: Is this year going to be the one when we see respected newspapers going out of business?
A: There’s no doubt about it, unless they are owned by people who are in a position to afford to carry them, and are willing to do it because they believe in journalism . . . I would say one of the papers in Philadelphia will probably close down. We’ve already seen the Times Mirror Corporation go bankrupt.
And, yes, we agree.
Filed under: business, Internet, Media, Newspapers | Tagged: advertising, Baltimore Examiner, Blake's Think Tank, Disney, Internet, Los Angeles Times, Media, Mort Zuckerman, News Corp., Newspapers, OK!, online, Page Six, Wall Street Journal, Web, WSJ |