Why American Newspapers Gave Away the Future (Excerpt)

Maybe the extinction of newspapers was inevitable once digital publishing moved from proprietary services and the slow speeds of dial-up delivery to the open access of the worldwide Web.

News Byte

New York Times CEO Janet Robinson Steps Down; No Replacement Named

New York Times CEO Janet Robinson is stepping down after a seven-year run. The company says it will conduct a job search for her replacement and that, in the interim, publisher Arthur Sulzberger Jr. will handle her duties as well as his own. The Times will pay Robinson $4.5 million over the next year for “consulting services,” the company disclosed in an SEC filing.

NewsCred Raises $4 Million for Its Web-Based Newswire

Expensive content on the cheap: A start-up that licenses stuff from the likes of Reuters, Bloomberg and Forbes.
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WhaleShark Catches $150 Million Round to Invest in Couponing Craze

WhaleShark Media has raised $150 million in venture capital to continue buying up coupon-oriented sites around the globe.
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News Corp. Chief Faces Angry Investors

Rupert Murdoch, chairman and chief executive of News Corp., on Friday faced shareholders for the first time since a phone-hacking scandal at its UK newspaper unit embroiled the company and heightened criticism of what some see as a lack of independent oversight.

New York Times Posts Profit

Cost-cutting helped New York Times Co. swing to a better-than-expected third-quarter profit from a year-earlier loss, despite a deteriorating market for print advertising.

New York Times Offers Buyouts

New York Times Co. offered voluntary buyouts to “fewer than 20″ people in its flagship paper’s newsroom, according to an internal memo, while stressing that no layoffs were imminent.

Viral Video: Gimme That Old-Timey Journalism

The story: “Man Says It’s Too Hot to Fish.” And it is! Score one for mainstream media.
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Hey, Guess What Happens to Advertising if the Economy Tanks

Here’s some unpleasant deja vu: Summer’s over, the economy is wobbling, and analysts are starting to hack away at advertising forecasts.
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QOTD: No Good News for Newspapers

Maybe, we’ll dodge a second recession in the short-term, but the game is the game, and publishers are simply running out of good choices. They’ve been dealt a deck of wild cards, misplayed a few hands and now have fewer chips left to play.

Analyst/author Ken Doctor with a grim prognosis for the newspaper business, which isn’t in any shape to weather a new macroeconomic collapse. Unpleasant factoid of the day: Industry ad revenue has been down for the past 22 quarters.

T-Mobile's $412 Million Media Hole

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