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January 2003
- Worzalla Publishing is planning to eliminate up to 75
positions, over 15% of its workforce. Worzalla is an employee-owned
provider of book printing and binding.
Source: Wausau Daily Herald 1-31-03
- Ted Turner To Leave AOL
Ted Turner has decided to leave AOL Time Warner
in May to pursue his philanthropic interests and
possibly buy back the Atlanta Braves. Turner's
departure follows the resignation of Steve Case
as Chairman and an enormous $98.7 billion loss
reported by AOL Time Warner in 2002.
Source: The Write News 1-31-03
- F&W Publications Folds Ebay Newsletter
eBay Magazine, which was published by
Krause Publications,
was terminated in 2001. Now Krause (which is now owned
by F&W Publications) has also ceased publishing its
SuperSeller Newsletter, which was targeted towards eBay users.
This is the first folding of a Krause
publication since it was purchased by F&W Publications
last year.
Source: AuctionBytes.com 1-31-03
- Newspaper Ad Revenues Down in 2002
The value of print continues to slowly erode away....
Newspaper ad revenues declined 0.6 percent in 2002 versus 2001 --
the first newspaper ad revenue decline since 1991.
In the meantime, online ad revenues increased over 40% for the year.
Source: The Write News 1-31-03
- Knight Ridder Inc. has apparently paid out big bonuses
to executives despite having laid off 2,200 people
since 2001.
Source: SFGate.com 1-31-03
- War = Less Profits for News Providers
It is already a bad environment for news providers
and it could get even worse in a war. War coverage is expensive
for news providers and advertisers tend to not want to
advertise -- a double negative. Add in the slow
economy and you've got a grim triple negative for news
publishers and networks.
Source: Editor & Publisher 1-31-03
- You've Got Staggering Losses!
AOL Time Warner has
posted a staggering $98.7 billion loss for 2002. It was the
biggest annual loss ever for a U.S. company.
Source: Washington Post 1-31-03
- Harcourt Education is
cutting 350 jobs, about 12% of its workforce of 3,000 employees.
Source: Publishers Weekly 1-31-03
- Public Sector Media is ceasing publication of
The Federal Paper,
which provides coverage of the executive branch of the
government. The publications was launched just four months ago.
Source: American City Business Journals 1-28-03
- Holt Rinehart and Winston Inc., an Austin, Texas based
education publisher, has laid off 85 employees, about 11% of
its workforce.
Source: American City Business Journals 1-27-03
- Reality TV = Less Jobs for Hollywood Writers
Reality TV shows are so popular that Hollywood
executives are rewriting future programming schedules.
The new schedules include much less traditional
television shows, thereby reducing the number of
available jobs for screenwriters and actors.
Source: New York Times, WWForums.com 1-25-03
- BBC News has laid off sixty
employees and a recruitment freeze has been imposed
on the news division.
Source: The Guardian 1-24-03
- AT&T WorldNet had to shut down its new spam filter
after it was filtering out legitimate emails.
Source: News.com 1-24-03
- No Surprise: Salon Still Struggling
Salon.com is still in business despite continual
layoffs, financial difficulties and a high burn-rate.
The company has 50 employees, down from its
peak of 175 in 2000.
Source: L.A. Times 1-21-03
- Ann Godoff has been let go as
Random House Trade Group president. Random House will also be folding
the imprint she ran into the Ballantine Books imprint.
Sources: New York Times, Washington Post, Publishers Weekly 1-20-03
- The Duluth News Tribune has cut eight people from its
staff.
Source: DuluthSuperior.com 1-17-03
- Gator Preys on Search Engines
Gator.com has a new target for its despised pop-up and pop-under
ads. It is now attempting to steal keyword ads from search engines
like Google.com. The new pop-under called Search Scout appears when
people who have the Gator.com software (which can be installed
unintentionally through scumware) attempt a Google or Yahoo
search. Search Scout then displays new search results from
competiting search providers. Gator was criticized and sued last
year by major web publishers for software that placed pop-ups
over their banner ads.
Source: News.com 1-17-03
- Think Your Hard Drive is Clean? Think Again.
A recent study found that many people think simply
erasing files from the hard drive they are about to discard
or sell will destroy it. This is not true. In fact, even
re-formatting the disk itself will not completely erase the
data. New Scientist reported that two graduate students who
purchased used hard drives over the Internet were able to
recover valuable personal and financial information on the
drives.
Sources: News.com, WWForums.com 1-16-03
- More Layoffs at CNET
CNET Networks is cutting 80 more jobs. Over the past two years
the company has terminated 750 positions, over 30% of its workforce.
Source: SFGate.com 1-14-03
- Steve Case has stepped down as AOL Time Warner Chairman after pressure
from shareholders and AOL Time Warner executives.
Sources: News.com, New York Times, CNN 1-13-03
- The Voter News Service, a consortium of major news
organizations that surveys voters, is being disabled by
AP, ABC, CBS, CNN, Fox and NBC. Employees of VNS were let go.
Source: Washingtonpost.com, WWForums.com Discussion 1-13-03
- Reuters plans to cut 1,000 more jobs early this year.
Reuters has cut over
2,000 jobs (10% of its workforce) since the middle of 2001 because
of the slow economy.
Source: Reuters 1-11-03
- Bloomberg Personal Finance is ceasing publication; the february
2003 issue will be the last.
Source: AdAge.com 1-10-03
- Harcourt Education, which employs about 3,000 people, plans
to cut hundreds of jobs. Harcourt will
try to achieve some of the cuts through early retirement.
Source: Miami.com 1-9-03
- The Tattered Cover, an independent Denver bookseller, has laid
off 27 employees -- about 10% of its workforce.
Source: RockyMountainNews.com 1-8-03
- Book Sales Were Not Merry
USA Today said sales of books on its bestsellers list were down
20% when 2002 is compared to last year's holiday season.
Source: USA Today 1-8-03
- The oldest U.S. gay bookstore is closing its doors.
The 35 year old Oscar Wilde Bookshop will shut down by
the end of the month. Several factors include 9/11, the economy
and competition from big chains like Borders and Barnes & Noble
hurt the small bookstore. Creative Visions is now the only
gay bookstore left in New York City now has only one gay
bookstore left, according to Gay.com/PlanetOut.
Source: Gay.com/PlanetOut 1-7-03
- CNN has laid off some of its top anchors and correspondents.
Source: New York Daily News 1-3-03
- While some analysts have been forecasting a slight come
back in ad spending, Moody's does not agree. Instead, they
predict that 2003 could be an ugly year.
Source: Marketwatch.com 1-1-03
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