Big Media is in Big Trouble - Financially That Is
This is going to be the last decade of Major Newspaper Media and if you look around at big media as a whole, well it is not doing too well is it? We see the Seattle Paper in trouble and the parent company for the LA Times in BK.
We see TV stations in trouble and we are watching most major newspapers using AP filler and cutting their news staff.
Recently the Baltimore Sun and the Washington Post decided to share some stories and news, to help them to cut costs on their news staff.
Many news agencies are pulling their staff out of Washington DC, which is scary considering the need to watch our government.
Just the other day, I noted a major mistake on Christmas day from an AP Writer and saw the story in the local paper, LA Times and NY Times, ouch, no one caught that? Gannet Newspaper said revenue was way off and while this is not too surprising it sure was a surprise to the newspaper's staff in many markets when their jobs were cut.
It is inevitable really, advertising sales are down across the board in both print and TV, radio too.
Gannett does run a tight ship so it should be able to weather the storm until the economy is firing on all cylinders once again.
Gannett has done well with its local area newspapers.
No daily newspaper is without escape from the current economic situation.
Even major radio networks are hurting; NPR is cutting 64 jobs and several shows, and whereas many are somewhat underwhelmed with their programming, it is a source of information.
I've been somewhat concerned with the programming of NPR and their skewed political views.
It's a little unnerving at times.
Often the shows do provide good information, but much is not reality based and points to a liberal almost socialist line of thought.
True this is common to academia, but not too realistic out here in the real world.
If they really wish to be profitable, they'll need to create realistic programming along with their so-called realistic path.
But we cannot blame programming alone on the Media Failures, as we are in a tough economy and it is to be expected as businesses are cutting back their advertising revenues and looking for ways to trim costs.
Please consider all this 2009 is going to be a tough year for the news business.
We see TV stations in trouble and we are watching most major newspapers using AP filler and cutting their news staff.
Recently the Baltimore Sun and the Washington Post decided to share some stories and news, to help them to cut costs on their news staff.
Many news agencies are pulling their staff out of Washington DC, which is scary considering the need to watch our government.
Just the other day, I noted a major mistake on Christmas day from an AP Writer and saw the story in the local paper, LA Times and NY Times, ouch, no one caught that? Gannet Newspaper said revenue was way off and while this is not too surprising it sure was a surprise to the newspaper's staff in many markets when their jobs were cut.
It is inevitable really, advertising sales are down across the board in both print and TV, radio too.
Gannett does run a tight ship so it should be able to weather the storm until the economy is firing on all cylinders once again.
Gannett has done well with its local area newspapers.
No daily newspaper is without escape from the current economic situation.
Even major radio networks are hurting; NPR is cutting 64 jobs and several shows, and whereas many are somewhat underwhelmed with their programming, it is a source of information.
I've been somewhat concerned with the programming of NPR and their skewed political views.
It's a little unnerving at times.
Often the shows do provide good information, but much is not reality based and points to a liberal almost socialist line of thought.
True this is common to academia, but not too realistic out here in the real world.
If they really wish to be profitable, they'll need to create realistic programming along with their so-called realistic path.
But we cannot blame programming alone on the Media Failures, as we are in a tough economy and it is to be expected as businesses are cutting back their advertising revenues and looking for ways to trim costs.
Please consider all this 2009 is going to be a tough year for the news business.
Source...