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Philly Inquirer Owner Files for Bankruptcy Protection

Papers will print as normal as company restructures, it claims

(Newser) - The owner of the Philadelphia Inquirer and the Daily News has filed for Chapter 11 bankruptcy protection to restructure as ad revenues plunge, Reuters reports. Company spokesmen insist operations are "sound and profitable," and managers plan to continue publishing regularly. The announcement came a day after the 20-newspaper...

Knox Prosecutor: I'm Sane, and I'm Suing

(Newser) - The man trying to put away Amanda Knox is getting fed up with her supporters calling him “mentally unstable,” the BBC reports. Giuliano Mignini says he’s “never visited a psychologist,” and to prove it he’s taking legal action against the West Seattle Herald, which...

To Save Itself, Press Should Become a Religion
To Save Itself, Press Should Become a Religion
OPINION
Feb 11, 2009 2:44 PM CST

To Save Itself, Press Should Become a Religion

Papers would enjoy the benefits of tithing and tax-exemption: Bates

(Newser) - As profits continue to fall, some have suggested turning newspapers into non-profit, endowed institutions similar to colleges. A better way to go non-profit would be for the press to declare itself a religion, writes Stephen Bates for Slate. The tax benefits would be substantial, as would legal protections for reporters-turned-priests,...

Times Says Times Will Survive
 Times Says Times Will Survive 
Feb 9, 2009 2:21 PM CST

Times Says Times Will Survive

(Newser) - Rumors of the New York Times’ demise are greatly exaggerated, reports... the New York Times. “Despite some published alarms to the contrary, the company has positioned itself to ride out another year of recession, maybe two,” Richard Péréz-Peña writes in a review of his employer’...

America's First Newspaper Lasted Just One Day

(Newser) - An exhibit of early American journalism wraps up today at a DC museum, and among its gems is the first edition of the colonies' first paper: Publick Occurrences, from 1690. It's "no small treasure," notes Ned Desmond in his One Last Question blog, because the newspaper's first edition...

It's Time to Endow Newspapers
 It's Time to Endow Newspapers 
OPINION
Jan 28, 2009 9:23 AM CST

It's Time to Endow Newspapers

Times begs for its life

(Newser) - Newspapers are dying, and there’s only one way to save them, write Yale's David Swensen and Michael Schmidt in today’s New York Times: Make them nonprofit, endowed institutions, like colleges. The Internet has made the for-profit model systematically unsustainable, and constant attempts to refinance and cut costs are...

Does Carlos Slim Want to Buy the Times?

As dividends dwindle, Mexican billionaire may move in on paper

(Newser) - Last week Carlos Slim, the world's second-richest man, lent $250 million to the New York Times Company—but why does he want 18% of a tanking media outfit? Advertising Age speculates that the Mexican tycoon is playing a long game: The loan is peanuts to Slim, but it puts him...

Inauguration Boosts Newspapers, for a Day

Customers line up to nab front pages covering historic day

(Newser) - The newspaper industry might be in its death throes, but it briefly jolted to life this morning as long lines of people waited at newsstands for souvenir copies of front pages that hailed the inauguration of America’s first black president, the AP reports. In Washington, some editions of the...

Google Ditches Print Ad Biz
 Google Ditches Print Ad Biz 
Jan 21, 2009 1:48 AM CST

Google Ditches Print Ad Biz

Recession bites into ad budgets

(Newser) - The recession is continuing to hit even mighty Google, which is shutting down its three-year foray into the print advertising business, Bloomberg reports. The operation sold space in 800 newspapers, but was hurt as budget-crunched companies slashed spending on print advertising. Google's decision will be another blow to beleaguered newspapers,...

Obama Headlines Worldwide
 Obama 
 Headlines 
 Worldwide 
Jan 20, 2009 12:10 PM CST

Obama Headlines Worldwide

Papers reveal 'great expectations' for America's next president

(Newser) - The world was watching as Barack Obama took the oath of office. A sampling of headlines from around the globe:
  • National Post (Canada): The Ascension of Obama
  • Guardian (UK): Magical Spell That Will Open a New Obama Era
  • La Repubblica (Italy): America Celebrates Obama's Oath
  • Der Tagesspiegel (Germany): The World
...

Big Day a Windfall for Newspapers

Huge demand for special editions

(Newser) - Newspapers expect a multi-million-dollar windfall in extra sales to people who want a keepsake of Inauguration Day, and publishers are gearing up to make the most of it, Bloomberg reports. The Washington Post is  jacking up its price to $2, and the New York Times, USA Today and other publications...

Minneapolis Newspaper Files for Bankruptcy

Star Tribune , overwhelmed by debt, plans to keep operating under reorganization

(Newser) - The Minneapolis Star Tribune has filed for bankruptcy protection after missing payments to creditors, the paper reports. Like most other 3-D news outlets, the 15th-largest daily in the country has seen a steep decline in advertising revenue. The Chapter 11 filing shows assets of $493.2 million and debt of...

Want to Own a Newspaper? Got $1.50?
Want to Own a Newspaper?
Got $1.50?
Jan 16, 2009 8:19 AM CST

Want to Own a Newspaper? Got $1.50?

Russian oligarch buying iconic London paper for token sum

(Newser) - A Russian oligarch with a past in the KGB is set to buy one of London's most visible newspapers, at the knockdown price of just a buck and a half. Alexander Lebedev will acquire the Evening Standard for the token price—the cost of two copies—from a media conglomerate...

Marketers Have Inauguration Fever, Too

Companies tie products, events to Obama's big day

(Newser) - Marketers for products from cognac to commemorative coins are looking to cash in on Barack Obama’s Tuesday inauguration, the New York Times reports. “Obamabilia” includes bottles of Hennessy with a “44” on the label, special magazine issues, and Tshirts galore. Other companies, like Quaker Oatmeal, are hosting...

Gannett Forces Workers to Take Unpaid Leave

Move will avoid layoffs in newsrooms: company

(Newser) - America's largest newspaper publisher will require most of its 31,000 employees to take an unpaid week off this quarter, the New York Times reports. Gannett owns 85 newspapers in the US—including USA Today—that, like much of the industry, are under serious financial duress. The company says the...

Trib Goes Tabloid on Weekdays
 Trib Goes Tabloid on Weekdays 
Jan 13, 2009 2:41 PM CST

Trib Goes Tabloid on Weekdays

Newspaper will be smaller on newsstands, remain broadsheet for home deliveries

(Newser) - The Chicago Tribune is changing its street-sale format from broadsheet to tabloid beginning next week, the newspaper reports. The move, which will affect weekday retail editions but not subscription copies, puts the paper in direct competition with its rival, the Chicago Sun-Times, which has long published in the format. The...

At Times, Web Geeks Grab at Future, Keep Grip on Past

Team aims to keep it the organization 'of record' even as print product sees its obits

(Newser) - There’s a quiet revolution going on at the New York Times, hiding behind all the print-journalism doom and gloom, New York reports. Since 2007, a team of “developers-slash-journalists” has been collaborating with reporters and editors to create interactive web features—like the trippy Election Day Word Train, which...

Seattle Newspaper Deathwatch Begins

Post-Intelligencer put up for sale, could stop printing if there's no buyer

(Newser) - The Seattle Post-Intelligencer will be closed or converted to a digital publication if a buyer doesn't emerge within 60 days, the Seattle Times reports. "Our losses have reached an unacceptable level," the executive of owner Hearst who made the announcement told the stunned newsroom today. "People cried,...

Print Times Not Quite Dead, But Hope Lies in Its Ashes

Journalism faces a challenge, but hardly a disaster

(Newser) - We know it’s coming, that day when print newspapers cease to exist, but it won’t be this year, right? Maybe, maybe not, Michael Hirschorn writes in the Atlantic, and it wouldn’t necessarily be a disaster. The New York Times is in trouble—it could default on $400...

Minneapolis, Seattle Top List of Most Literate Cities

Read all about it

(Newser) - New York may be America's cultural capital, but Seattle and Minneapolis top the list as the nation's most literate cities, reports LiveScience.  The rankings are based on newspaper, magazine, and online news readership, library usage, book purchases, and educational levels. The two cities also topped the list last year....

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