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Declining Circulation and Revenue Forces Five Tribune Newspapers to Cut Jobs

Online Stock Market Trading By Armando Duke

The same week, The Tribune Co. ( TRB) announced that declining circulation and revenue forced the newspaper publisher to cut jobs at five newspapers, including The Tribune's flagship newspapers in Los Angeles and Chicago.

Stock Investing Course (AXcess News) Chicago - The TribuneCo. (NYSE: TRB) said Wednesday that declining circulation and revenue forced the newspaper publisher to cut jobs at five newspapers, including The Tribune's flagship newspapers in Los Angeles and Chicago.

(AXcess News) Reno, In the wake of Knight Ridder's looming break up and The Tribune laying off hundreds of news room staff, AXcess News is expanding to become the first online news network in the country. In September, newspaper publishers began reporting their circulation and revenue figures that show a 2.5 percent decline over the last six months in circulation. A trend that has made headlines with the news of Knight Ridder ( KRI) facing a potential break up.

Stock Market Game Last week The Tribune announced job cuts at the Baltimore Sun, following similar news by Knight Ridder (NYSE: KRI) at its flagship newspaper the San Jose Mercury. Knight Ridder is also in for a breakup of the publishing company after institutional shareholders demanded the publisher sell off nonperforming assets.

news, books, business, booksellers, antiquarian Comments (0) March 7, 2007 @ 17 pm Book review sections in decline by Richard Davies () There is great concern that the Los Angeles Times is going to fold its Sunday book review section into a new section also containing opinion articles. The Wall Street Journal reported that the decline in the number of dedicated book review sections in major US newspapers was because publishers didn’t wish to advertise in them anymore.

Stock Investing Game The LA Times will be eliminating about 8 percent of its newsroom by cutting 85 jobs.

was put in the uncomfortable position yesterday of having to announce that it downwardly revised its expected revenues for its fiscal quarter ending on March 31st. The company issued a statement indicating it expected to revenues of roughly $ 525 million instead of the previously forecasted $ 750 million. The news hit the company hard today with the open of trading on wall street. EA's stock saw a sharp decline, shedding nearly a full $10 off of its prior day's closing price of $66.35.

Journal Prime Rate Street Wall The hallmark Los Angeles newspaper will be cutting more jobs in other departments over the next three weeks, Times publisher Jeff Johnson said. The newspaper also plans on developing ways to boost circulation and advertising revenue, but just how Johnson expected to do that was not mentioned.

"The rapid revenue growth, low churn and significantly declining customer acquisition costs we experienced this quarter validate the strategy we have developed for pursuing this enormous market opportunity, " said Stamps.com Chairman and CEO John Payne. "We grew revenue by almost five hundred percent, more than doubled the size of our base of paying customers, generated over 20% of revenue from our new Enterprise Strategic Business Unit efforts and saw per customer acquisition costs decline by more than 28 percent quarter over quarter."

Stock Market News The Chicago Tribune anticipates cutting fewer than 100 jobs across all departments, publisher David Hiller said.

Stock Investing Basics The Orlando Sentinel will also be cutting jobs but it did not disclose how many employees would get the ax or when.

Stock Investing Software In Allentown Pennsylvania the Morning Call said it would be offering buyouts to a dozen employees in its advertising and news departments.

Stock Market Trading The Tribune employs near 3,000 news workers in all.

Stock Investing For Dummy The Tribune owns 11 daily newspapers, 26 television stations and the Chicago Cubs.

Stock Market Crash The Tribune reported third quarter losses, hit hard by an adverse tax ruling that forced it to take a huge charge, dropping profits for the period 82 percent.

Stock Investing Tip Like Knight Ridder, the LA Times and the Chicago Tribune have seen sharp declines in circulation in the last six months ending Sept. 30. The LA Times circulation declined 4 percent while the Chicago Trib's fell nearly 2.5 percent. But The Tribune and Knight Ridder are not alone.

Stock Market Chart The New York Times (NYSE: NYT) reported that it would be cutting about 4 percent of its news workers across the country, or 500 jobs and Philadelphia's two largest newspapers reported that they would be cutting about 100 news workers.

Online Stock Investing Why is circulation and revenue down? The Internet. While The Tribune is quite successful at its online content syndication its flagship newspaper, the LA Times online, boasts one of the top-ten news websites in the country in page views, yet its rate of unique viewers sucks. For virtual advertisers, that's not appealing. Advertisers online want fresh eyeballs, not the same views over and over. That would be like one household subscribing to 35 copies of the same paper and the gross circulation figures boasting this huge audience reach.

Stock Market Crash Of Many of the nation's newspapers have been awkward in their move into online publishing. Too often they where blinded by the ink of old school print logic in that they were the premiere newspaper in a city and therefore so is their web site. But to an advertiser online that's of little value and by not giving the web publishing side of these large newspapers more of a free hand in managing their sites - and the content - they have limited the newspapers websites from attracting unique visitors.

Stock Investing For Beginner If you look back the history of online publishing newspapers like the NYTimes.com online didn't begin to offer RSS headline feeds for free until 2002, yet pure-web publishers were already aggressively moving into that market two years before that and today, readers online can access so much content for free, they're reluctant to jump through the hoops publishers like the Tribune require just to sign up for e-mail news alerts.

Finance Journal Personal Some newspapers online have moved into denying access altogether unless they pay for an online subscription. The Wall Street Journal comes to mind as a totally fee-based readership, though the WSJ can get away with it due to its high-quality brand and unique niche of business news. Try that with the LA Times and you would see the online news site's traffic plummet.

Stock Market Report Major newspapers online typically cannot sell their ad space, or at least enough of it that they have to rely on large network ad agencies like Real Media, Tribal Fusion or DoubleClick. The only problem with that is these agencies understand online advertising and theirformat is not to show ads to a visitor more than three times before they move to default (non-paying) ads. So for newspapers online like www.cleveland.com or www.latimes.com they cannot generate optimal ad revenue - even from these larger online ad agencies combined.

Finance Investing Stock Market For the LA Times online to develop a high enough ratio or unique visitors to page views its would need to figure out how to give something for nothing and then hope in the crowded world of the Internet that they could attract users. While there are ways to achieve that, AXcess News is not about to give its competitors its formulas.

Wall Street Journal Com As the larger newspapers continue to shrink AXcess News is growing. Pure-web plays, staffed with both online editorial and web development personnel are tipping the scales in their favor against their larger print peers, web sites or no. But the shakeout is just beginning.

Stock Market Investing Advice The news business is going electronic and its not going to stop there. Networks are being developed to compete on a global scale and web publishers are beginning to pool their content, uping the stakes even more. Their costs are lower and they understand the web, two distinct advantages old-school print publications cannot do.

Street Trader Wall Newsprint is expensive. Ink, paper, the printing plants and shipping all eat into ad revenues while virtual publishers have hosting and wages and can reach markets anywhere in the world.

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