|
Homepage
| Archives
| The Dead List
The UnDead
| Report a Passing
| Search
Click here to return to
The Editorial Dead ZoneTM
Homepage.
April 2005
Elixir Studios Shuts Down
Elixir Studios, the developer of Republic: The Revolution and Evil Genius have shut down. GameDailyBiz reports that the company had sixty employees and closed due to, "market conditions and a risk-averse publishing climate."
Posted on April 28, 2005
Permanent link to this entry.
| |
Study: Only 19% of Young Adults Read a Newspaper Daily
Most young adults don't rely on newspapers for news. Editor & Publisher reports on a new study by the Carnegie Corporation of New York that found people use the Internet far more than they use newspapers. Editor & Publisher reports on the dismal findings:
The survey of 18-to-34-year-old finds, for instance, that just 19% read a newspaper daily, 17% read it once a month or less -- and 12% said they "never" read a paper to get their news.
By contrast, 44% of the young people visited a Web news portal every day, and 37% watch local TV news daily.
Only 14% of respondents called the newspaper their "most important" source of news. Local TV newscasts were called the most important source for news by 31% of the young adults, while another 25% cited the Internet.
The only good news for newspaper publishers was the respondents did report they trust newspapers.
Posted on April 24, 2005
Permanent link to this entry.
| |
Analysts: Newspapers Could Lose $4 Billion to Internet
Two executives from McKinsey & Co. had some very grim news for
listeners at the Newspaper Association of America's annual conference.
The executives warned their audience that newspapers could lose $4 billion
in revenues over the next 2 years because of competition form the
Internet. Ad Age explained in a recent article:
Luis Ubinas and Jochen Heck warned that newspapers could lose $4 billion of
"highly profitable" classified revenue by 2007 -- or around 20% of
newspapers' 2004 classifieds revenue and just under 9% of the $46.6
billion in total newspaper ad revenue last year -- if trends that afflict
help-wanted classifieds spread to automotive and real-estate classifieds.
Posted on April 23, 2005
Permanent link to this entry.
| |
Donaldson: Domination of Network News is Over
Sam Donaldson, the former ABC News reporter/anchor, says that the leading days of network news are gone. Broadcast & Cable reports that Donaldson said at a recent conference that many people don't even use nework news for breaking news anymore:
"God forbid, if someone shot the President, which network would you turn to? It will be cable, the Internet -- something other than General Hospital being interrupted."
Posted on April 20, 2005
Permanent link to this entry.
| |
Atlantic Monthly Relocates to D.C.
In an effort to cut costs the Atlantic Monthly is leaving its Boston home to join its sister publication in Washington D.C. 37 employees will be relocated from Boston to D.C. The Writer's Blog writes, "We're just glad that they didn't shut the magazine down. But it's looking pretty gloomy for print magazines today, as subscribers and advertisers move to the Internet." That's true. Moving sure beats ceasing publication.
Posted on April 18, 2005
Permanent link to this entry.
| |
Disney Magazine Ceases. Disney Employees Anxious
The Walt Disney Co. has announced plans cease publishing Disney Magazine.
Mickey News reports that the last issue of the magazine will hit
newsstands this summer. The Orlando Sentinel reports that
Disney employees have become anxious after layoffs and outsourcing
rumors.
The Disney parks are doing well, but the company laid off employees,
shut down its longtime Disney Magazine and said it may outsource hundreds of tech jobs -- all in the last two weeks.
Orlando Sentinel reporter Susan Strother Clarke spoke to Disney employees who seem both concerned and puzzled:
The Disney employees I speak with have felt it. How can a company post great
earnings -- a gain of 5 percent in the most recent quarter -- but find no room
for 25 professional and mid-management workers who were recently laid off?
Posted on April 17, 2005
Permanent link to this entry.
| |
Reuters Fights Worm. Worm Wins.
A worm has taken Reuters' IM technology offline. The Kelvir worm forced
Reuters to shut down its instant messange system. Recently, worms have
been increasingly focusing on instant messaging vulnerabilities.
News.com reports that Reuters is not sure when it will bring IM system back online:
At the moment, Reuters has no timetable for bringing the IM system back online, the company said. Representatives said the company wants to make sure the issue has been completely remedied before allowing people to begin using the software again.
Posted on April 15, 2005
Permanent link to this entry.
| |
Ad Skipping to Cost TV Industry $27 Billion in Lost Ad Revenue
A research report from Accenture says that ad skipping and on-demand viewing could cost $27 billion in lost TV ad revenue over the next 5 years.
Viewers with DVRs are already skipping 70% of all ads according to the study.
DVR penetrations is expected to soar from 8% today to 40% by 2009 -- this is
why a continual rise in TV ad revenue losses is expected.
An AdAge.com article has more details about the report.
Posted on April 14, 2005
Permanent link to this entry.
| |
1,000 Music Lawsuits Filed
The Financial Times reports that the music industry is once again filing lawsuits against alleged music pirates. The Financial Times says 1,000 lawsuits have been filed in 11 different countries.
Posted on April 13, 2005
Permanent link to this entry.
| |
Boston Herald Plans Editorial Job Cuts
The Boston Globe reports that Boston Herald publisher Patrick J. Purcell has plans to cut 35 editorial jobs or 1/4 of the union newsroom jobs at the paper. The Globe says that Purcell is "seeking to offset stagnating circulation and falling ad revenue." Many newspapers have been suffering over the past several years from a weak advertising market combined with rising online competition. Newsroom union shop steward Tom Mashberg told the Boston Globe: "It's shocking, frankly. Obviously, you can't cut 35 people from your news staff and not have an impact on your product."
Posted on April 7, 2005
Permanent link to this entry.
| |
Nothern Ohio Newspaper Folds
THe Associated Press reports that Copley Ohio Newspapers is ceasing publication of a free weekly newspaper called the Suburbanite. The newspaper was delivered to 26,000 northern Ohio residents in Akron and Canton. Seven employees and twelve strings lost their jobs or freelance gigs as a result.
Posted on April 5, 2005
Permanent link to this entry.
| |
Archives Homepage:
Click here to
return to the Archives homepage.
|
|
