According to Reuters, GM (GM) is expected to post huge losses ahead of decisions about whether it will go into Chapter 11. Reuters reports that Obama is seeking budget savings due to…
According to Reuters, changes at Yahoo! (YHOO) are getting mixed reviews from employees. Reuters reports that ten banks could could have to raise new money after stress tests. Reuters reports that two…
According to Reuters, the days of the CEOs of Bank of America (BAC) and Citigroup (C) may be numbered. Reuters reports that a deal has been reached to cut Chrysler’s debt but…
At one point, three or four years ago, for a major metropolitan newspaper to lose 4% or 5% of it daily circulation would have been considered bad news. For the six month…
Both Yahoo! (YHOO) and The New York Times Company (NYT) reported earnings for the first quarter and there was noticeable synchronicity between them. Yahoo!’s revenue dropped 13% to $1.58 billion and net…
According to Reuters, Yahoo!’s (YHOO) profit dropped 80% and it will cut 5% of staff. Reuters reports that Chrysler bondholders offered to swap some debt for equity. Reuters reports that Geithner says…
If print advertising revenue had been down and Internet revenue up, there would have been some hope that The New York Times (NYT) was making a modestly successful transition online. But, total…
Douglas A. McIntyre The Detroit Free Press, one of the old city dailies, on the brink of extinction and in the shadow of the failing car industry, won a Pulitzer Prize for reporting. Last year,…
Google’s (GOOG) CEO Eric Schmidt told the Newspaper Association of America that all was not lost for its industry. Newspapers have a chances to create new forms of revenue, if only that…
The New York Times Company (NYT) has threatened to close The Boston Globe, one of the papers on the 24/7 Wall St “Ten Major Newspapers The Will Fold Or Go Digital” list.…
Douglas A. McIntyre The New York Times (NYT) and Washington Post (WPO) both said that they would have to cut jobs and salaries. The falling revenue in the print advertising business is overtaking them and…
According to Reuters, the Obama financial reforms face a bumpy road. Reuters reports that the NY State Attorney General has subpoenaed AIG (AIG) over its CDS contracts. Reuters reports that Obama’s financial…
According to Reuters, Obama said that the recession would be halted by government efforts. Reuters reports that Treasury wants broad new powers to wind down troubled non-bank financial firms. Reuters reports that…
Over the last few weeks, the newspaper industry has entered a new period of decline. The parent of the papers in Philadelphia declared bankruptcy as did the Journal Register chain. The Rocky…
Over the last few weeks, the newspaper industry has entered a new period of decline. The parent of the papers in Philadelphia declared bankruptcy as did the Journal Register chain. The Rocky…
