NO FOOLIN': APRIL CLASSIFIED AD REVENUE UP DJ, NYT, LEE,
SSP, TRB all have good things to say about liners.(Dow Jones & Co.
Inc.
Classified advertising seems to the propellant that is kicking the
engine of newspaper revenue into, if not high gear, then at least third
gear. Last week five of the 13 publicly traded companies . . .
PERSONS.(appointments)
Publishers: At The Tribune of San Luis Obispo, Calif., Maureen
Saltzer has been named publisher; previously she was vice president of
the Pacific Region for Freedom Community Newspapers. A . . .
BRIEFS.(meshed briefs)(Cars.com rolls television advertising
campaign)
*Cars.com goes national TV: The newspaper company-owned web site
Cars.com said last week that it was rolling out a nationwide television
advertising campaign to reach more "high quality, . . .
METRO COMES TO MANHATTAN, BORDEAUX.(Brief Article)
Last Wednesday Metro -- the international free commuter tabloid
daily -- finally came to New York City, elbowing its way into the
market behind an effort funded by Tribune Co.
And on Friday, . . .
HIGH HOLLINGER LEGAL BILLS; BIDS DELAYED.
The embattled Hollinger International Inc. disclosed last week that
in the first quarter this year it spent about $8 million on legal fees
and associated costs in its on-going fight with its . . .
LOTS OF M&A ACTIVITY.(mergers and acquisitions)
A flurry of mergers and acquisitions fluttered out of the sky like
a late-spring snow last week, with companies big and small acquiring
properties tiny and not-so-tiny. A roundup includes:
*JOA . . .
WHETHER BUYERS OR READERS, NEWSPAPER USE HOLDS STEADY NAA
analysis puts papers in hands of eight out of 10 adults every
week.
Almost two-thirds of the nation's dailies lost circulation in
the six months ending March 31, but the newspaper industry's trade
association says that more than three-quarters of adults in the top . . .
PERSONS.(appointments)
Boardroom: At Media General Inc. of Richmond, Va., Coleman Wortham
III has been elected to the board of directors; Wortham is president
and chief executive of Davenport & Co. LLC of Richmond, . . .
DIVIDENDS.(newspaper companies )(Brief Article)
Two publicly traded newspaper companies have recently announced
increases in dividends of seven and 14 percent and other companies have
recently announced their regular dividend information. By . . .
POST CO. INCOME UP.(Washington Post Co.'s financial
results)(Brief Article)
Bringing up the rear, The Washington Post Co. said last week that
its revenue for the first quarter increased 19 percent when compared to
the first quarter of 2003, up to $759 million. When . . .
HOLLINGER DELAYS FILINGS.(finance)(Brief Article)
The Canadian parent company of embattled Hollinger International
Inc. said on Friday that it will miss the May 19 filing date for its
2003 annual report as well as the May 15 deadline for its . . .
BAD QUARTER FOR NEWSPRINT MAKERS.(financial reports of
Abitibi-Consolidated Inc., Bowater Inc. and Norske Skog Canada
Ltd.)
Red ink ran in rivers over the last few days as three major
newsprint manufacturers announced first quarter 2004 results: all had
substantial losses (though not as bad as last quarter) and . . .
PUBLISHERS MAKE STOCK MOVES.
Shares are going to be issued, bought-back and split by two
newspaper companies over the next few weeks. Journal Communications
Inc. wants more employees to turn over their stakes -- while at . . .
CEO PAY TOPS OUT AT $3.38 MILLION, PROXIES SHOW Gannett chief
heads list; Tribunes chairman $1 million behind.
Douglas McCorkindale, the chairman, president and chief executive
of Gannett Co. Inc., regained his title as the highest paid executive
among publicly traded newspaper companies last year, an . . .
PERSONS.
Executive suite: At Freedom Community Newspapers of Irvine, Calif.,
Cindy Allen has been named controller; most recently she was a budget
manager at the company's parent, Freedom Communications. . . .
BRIEFS.
*Protesters inside, outside Dow Jones meeting: At its annual
meeting last week, Dow Jones & Co. shareholders were confronted
with two different protests, both indicating unease with the . . .
NEW MEDIA REVENUE UP.
Examining the quarterly reports of publicly traded newspaper
companies, it becomes quickly clear that the new media groups of these
businesses are uniformly doing well. In many cases, what's . . .
2004 LOOKS GOOD FOR NEWSPAPERS.
Publicly traded newspaper companies are generally upbeat about the
prospects for the rest of this quarter and the entire 2004 year, a
review of earnings reports indicates.
Ten of the 14 companies . . .
CLASSIFIED GROWTH CONTINUES.(A.H. Belo Corp.)
Much like an echo of the 11 reports that preceded them, last week
publicly traded newspaper companies Nos. 12 and 13 released their
numbers for both March and the first quarter. By the numbers:
. . .
SURVEY DISPELS MYTH: YOUNG DO READ PAPERS Readership study finds
that 60% of 18-24s read one paper a week.
Despite the myths, young people aged 18-24 do read newspapers, a
survey released last week shows. The problem is that publishers
don't give that specific demographic enough of what they want . . .
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