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December 2004
Craiglists Hits Bay Area Papers Hard
News.com is reporting that Craigslist.org's online classified listings are hurting newspapers in the San Francisco Bay Area. A report from Classified Intelligence found that the company is has already cost $65 million in employment advertising revenue to Bay Area newspapers. eBay.com recently bought a 25% stake in the company, which could be the beginnings of eBay entering the classified market.
Posted on December 28, 2004
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Layoffs Likely at The Seattle Times
The Seattle Times is planning on downsizing the newspaper and cutting
back on the number of pages in the newspaper. The company also plans
layoffs for early 2005. The Daily Herald reported that the cuts in the newspaper will "include an 18 percent reduction in the space devoted to news in each day's paper, with those reductions
specifically targeted at the paper's sports, entertainment, wine,
outdoors and travel sections." Seattle Weekly
reports low moral at the newspaper and that "Times Managing Editor David Boardman has been meeting with the more than 300 news staffers to discuss the possibility of layoffs if the paper, as expected, loses more than $12 million this year.
Posted on December 23, 2004
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Silicon Valley Mags Close
MercuryNews.com reports that Silicon Valley Business Ink, the publisher of two local Silicon Valley publications is closing its doors. The two publications, Silicon Valley Biz Ink and Valley Scene, will cease publishing. The 20 employees that worked for the company were laid off.
Posted on December 21, 2004
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Affluent Titles Thrive While Consumer Magazines Suffer
Many consumer magazines have gone under over the past two or three years
because of weak advertising sales and online competition. Meanwhile,
the number of magazines targeting the rich is mushrooming. The
number of titles targeting the
affluent has grown from 159 titles two years ago to 225 today,
according to MediaFinder, an online database of U.S. and Canadian publications produced by Oxbridge Communications, Inc. "Some niche publications, such as The Robb Report, and Golf Connoisseur that target wealthy consumers, are actually trimming circulation and increasing ad
rates as a way to beef up exclusivity," said Deborah Striplin,
editor-in-chief of MediaFinder.
Posted on December 15, 2004
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AOL Cuts 750 Jobs
AOL continues to cutback on its workforce. News.com reports that America Online has laid off 750 employees -- most of them at its headquarters in Dulles, Virginia. Last year AOL cut 500 jobs. AOL has lost 4 million subscribers over the past two years from broadband and cheap dial-up competitors.
Posted on December 9, 2004
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Blogs Can Get You Fired
Millions have created blogs of some kind ranging from personal diaries to coverage of a particular issue. However, blogs can be a hazard to your career if an employer disagrees with your weblog's content and fires you. Wired reports that this is exactly what has already happened to several people including a flight attendant and web designer.
Posted on December 6, 2004
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French Newspaper Crisis
France is facing a problem of dwindling newspaper readership.
Reuters reported that the French Society of Newsprint Manufacturers
found that France has fallen to 31st place in the world rankings for
the number of newspapers distributed per 1,000 inhabitants. Printing
newspapers in France can also be costly because of strong union
control of printing and distribution.
Posted on December 3, 2004
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Layoffs at American Greetings
Greeting card company American Greetings Corp. is laying off 300 employees. The Cincinnati Post reported that 175 of the job cuts will occur at American Greeting's headquarters in Cleveland.
Posted on December 3, 2004
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Newsday Cuts Seven More Jobs
Newsday has reported on seven more jobs at the newspaper. That brings to 14 the number of job losses since Newsday confirmed that they had inflated their circulation figures.
Posted on December 3, 2004
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L.A. Times End Printed National Edition
The L.A. Times is ceasing publication of its national print edition that competes with papers like the New York Times and USA Today. The company will focus on using the web to reach U.S. citizens outside of the city. The Washington Post reported that Times spokeswoman Martha H. Goldstein said, "Over the course of time, we have found other, more cost-effective ways to reach [the East Coast] audience."
Posted on December 2, 2004
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New York Times Co. Falls Short
Crainsny.com reports that the New York Times Co. said they will not reach Wall Street's estimates. The Times Co. said weak advertising sales and higher costs for printing, distribution and promotion were to blame.
Posted on December 2, 2004
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California Journal Ceases Publication
The Sacramento Bee reports that the non-profit California Journal will cease publication with its January issue. The Journal was a 35-year old monthly magazine covering California
politics. A lack of funding was blamed.
Posted on December 2, 2004
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