newspapers

Another American Newspaper Lays Off 100% of Its Staff

Posted: May 24, 2019 at 7:30 am

Less than a month after the storied New Orleans Times-Picayune laid off all 161 members of its staff, another paper has done the same. The Reading Eagle, which was just ...
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Future of American Press Get Boost as Gannett Board Stays in Place

Posted: May 16, 2019 at 6:20 am

Apparently, the board of America's largest newspaper chain, Gannett Co Inc. (NYSE: GCI), will be reelected at the company annual meeting. Another newspaper chain, Digital First Media, had pressed its ...
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A Major Newspaper Fires Its Entire Staff

Posted: May 6, 2019 at 6:15 am

The Times-Picayune, the primary newspaper in New Orleans, was founded in 1837. It was just announced that it had been sold to its major rival. The deal will result in ...
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America’s Newspapers Brace for Another 5% to 10% Revenue Drop

Posted: March 28, 2019 at 6:31 am

The drop in revenue at most large and midsized metro newspapers will continue this year. Based on data publicly available, most papers in these segments had sales erosion of 5% ...
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Another Chapter in the Continuing Story: Will Local Newspapers Survive?

Posted: March 27, 2019 at 1:20 pm

It shouldn't come as any surprise by now that TV and online news sources have absolutely pummeled the newspaper business. The latest insult added to the already numerous injuries is ...
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McClatchy and Tribune Could Merge, Hundreds of Jobs at Risk

Posted: February 18, 2019 at 7:27 am

The New York Post reports that there may be a marriage of two of America's largest newspapers chains. McClatchy Co. (NYSE: MNI) has retained a banker, the report says, in ...
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In Another Blow to Newspaper Industry, Buffett’s Hometown Paper Gets Gutted

Posted: August 28, 2018 at 6:35 am

When Warren Buffett got into the newspaper business in a big way, there was a hope it was a sign the future of the industry had brightened. Buffett's hometown paper, ...
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5 Most Important Things in Business Today

Posted: August 22, 2018 at 5:09 am

Uber has added a chief financial officer. According to The Wall Street Journal: Uber Technologies Inc. picked a finance chief who is well-versed in the IPO process, strengthening and stabilizing ...
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6 Most Important Things in Business Today

Posted: August 10, 2018 at 5:17 am

The housing market has started to falter. According to MarketWatch: The housing market hit a sudden and “significant” slowdown in the past few weeks that could continue in coming months, ...
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6 Most Important Things in Business Today

Posted: August 9, 2018 at 5:15 am

The tariff war between the United States and China has escalated again. According to MarketWatch: Beijing warned it would match the Trump administration step for step should it move ahead ...
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Newspapers Face Another 10% Drop in Revenue

Posted: July 30, 2018 at 6:35 am

If recent news from the newspaper industry is a sign that revenue dropped another 10% in the second quarter of the year, that would put it on a pace to ...
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6 Most Important Things in Business Today

Posted: July 24, 2018 at 5:05 am

The Google search unit of Alphabet Inc. (NASDAQ: GOOGL) posted earnings results that were much larger than the possible effects of a fine from the European Union. According to The ...
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Paper Prices Continue to Undermine Future of Newspapers

Posted: July 9, 2018 at 7:45 am

The harm that tariffs on newsprint can bring to the newspaper industry was an obscure subject several weeks ago. It is now front and center of the conversations about the ...
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Lee Enterprises Stock Soars on Deal to Manage Berkshire Hathaway Media

Posted: June 26, 2018 at 8:15 am

Berkshire Hathaway Inc. (NYSE: BRK-A) owns more than 100 newspapers and digital media properties, including Warren Buffett's hometown paper, the Omaha World-Herald, which the company purchased in 2011. Newspaper owner ...
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6 Most Important Things in Business Today

Posted: June 18, 2018 at 5:00 am

China may put tariffs on U.S. crude. According to Reuters: China’s threat to impose duties on U.S. oil imports will hit a business that has soared in the last two ...
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