First Draft by Tim PorterNewspapering, Readership & Relevance in a Digital AgeWhen the Analysts are Right- July 14, 2006 In January of this year, Merrill Lynch predicted that "newspaper ad revenue growth in 2006 is likely to trail even the paltry estimated 2.4% in 2005." Look out, I said, journalists can expect the "the boardroom hammer will fall once again on the newsroom." Sadly, the brokerage and I were both right - second-quarter earnings in most news companies (except McClatchy) are dismal and the boardrooms are wielding the ax, with the Chicago Tribune announcing 120 job cuts, including..http://www.timporter.com/firstdraft/archives/000570.html |