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NEWS ABOUT: newspaper industry

Guardian May Shut Sunday Observer After 218 Years

(Newser) - The British media group that publishes the Guardian is considering closing its sister Sunday paper, the Observer, which has been in print since 1791. The Guardian Media Group reported a pre-tax annual loss of nearly $150 million. Possible futures for the Observer include an Observer-branded magazine. It's "50/50 whether... More »

Wire Creator Simon: NYT, Post Must Charge for Web

(Newser) - How to save newspapers and, in fact, journalism itself? Wire creator (and former newspaperman) David Simon implores the publishers of the New York Times and the Washington Post to start charging for their websites. “Content matters," he writes in the Columbia Journalism Review. "And you must find... More »

Globe Union Caves, Votes to Accept $10M in Cuts

(Newser) - The Boston Globe's biggest union has ended a four-month battle with the New York Times company and voted to accept $10 million in pay and benefit cuts, the Boston Herald reports. Union members—who have been living with a 23% pay cut since rejecting an 8.3% decrease last month—... More »

Young Media Doomsayer Rivets Industry

News is finished, Twitter is pointless, says teenage sage

(Newser) - A report on teen views of media written by a 15-year-old Morgan Stanley intern has become the talk of Wall Street and Sun Valley, with CEOs and fund managers old enough to be his grandparents jumping on its conclusions. Londoner Matthew Robson claims that his generation has no use for... More »

News Corp Paid $1.6M to Hide Journos' Crimes

Tabloid hacked thousands of phones of stars, politicians

(Newser) - The British subsidiary of Rupert Murdoch's News Corp paid out more than $1.6 million in out-of-court settlements to conceal illegal methods deployed by its journalists, including hacking cell phones, a Guardian investigation reveals. Phone-hacking charges were first raised in 2007 in a case involving Prince William, but suppressed police... More »

What's the Globe Really Worth?

Some say Times Co. should pay to dump it

(Newser) - With the New York Times Co. said to be looking for a Boston Globe buyer, David Carr polled experts to see what the paper might be worth—a question, he writes in the Times, that reaches beyond the Globe itself as the newspaper industry struggles. Carr got quite a range... More »

Boston Real-Estate Firm May Buy Globe

Paper's top union wants stake in broadsheet

(Newser) - A Boston real-estate and investment firm is considering buying the Globe from the New York Times Company, and the paper’s biggest union wants a piece, too, the Herald reports. Intercontinental Real Estate Corp. says it’s been in talks for weeks to purchase the beleaguered newspaper. More »

Times Co. Puts Globe on Market

(Newser) - The New York Times Company has hired Goldman Sachs to handle a possible sale of the Boston Globe, the Globe reports. Goldman, which has also been trying to help the Times Co. unload its 17.5% stake in the Red Sox, has been telling prospective buyers it would accept bids... More »

Maybe Dave Eggers Can Save Newspapers

(Newser) - Dave Eggers, author, editor, and professed lover of print, is hatching a plan to save newspapers. Or at least a modern version of them. Eggers tells the Rumpus that he and his crew at McSweeney's will publish their version of a daily newspaper in September. It will exist for one... More »

Dirt-Cheap Netbooks Might Save Media Industry

Paying for content, not hardware, is the key

(Newser) - There might be hope yet for the media industry, “because the tech industry is screwed too,” writes Simon Dumenco for Advertising Age. With light, cheap netbooks squeezing the profit out of the hardware, makers are partnering with media providers (ie, Acer selling netbooks for $100, plus 2-year AT&... More »

Lenders, Not Zell, May Run Tribune Co.

(Newser) - The bankrupt Tribune Company could emerge from protection with its top creditors—and not chairman Sam Zell—in charge, the Chicago Tribune reports. Zell exerts control based on $90 million he spent to secure the option of buying 40% of the company for $500 million, and a $250 million loan.... More »

Papers Can't Ask for Bailout, Seek Rule Change Instead

Handout would violate journos' watchdog role

(Newser) - With the industry in dire straits, some in the journalism business want government help—but they’re not looking for a financial bailout, Reuters reports. “That is so clearly contrary to what our role is as a watchdog that it’s just not acceptable,” said a former newspaper... More »

Google Drops Plans to Save Struggling Papers

CEO says company won't cross the line into creating content

(Newser) - Google has decided against  throwing struggling newspapers a lifeline through acquisition or by using its charitable arm to help them gain non-profit status, CEO Eric Schmidt tells the Financial Times. Schmidt said the company considered the idea, but decided that Google didn't want to cross the line between technology and... More »

Times Weighs 2 Pay Models for Web Content

One scenario is 'tricky;' the other will get you a T-shirt

(Newser) - The New York Times will decide how to charge users for its web content by the end of next month, the New York Observer reports. In his semi-annual newsroom meeting Wednesday, executive editor Bill Keller outlined two proposals the company is considering: a meter system based on word count or... More »

Google, Times Brainstorm New Advertising Models

(Newser) - Google won’t buy the New York Times, but the companies are discussing novel ways the search giant can help the newspaper stay afloat, the Business Insider reports. Sources say one idea is for Google to split advertising revenue it takes from sites hosting Times content with the paper. Another,... More »

Don't Sell the Times... Yet

(Newser) - The New York Times' ruling Ochs-Sulzberger family has a “habit of buying high and selling low,” writes John Gapper of the Financial Times. The clan sold the paper’s old Times Square building at a bargain price and bought back shares near their zenith. Now Arthur Sulzberger Jr.... More »

Geffen Would Make NYT a Nonprofit

Mogul still interested in buying a large stake in the Times

(Newser) - Hollywood’s David Geffen has amassed a multi-billion-dollar fortune through his business acumen, so why on earth is he looking to invest in the newspaper industry by buying a large stake in the New York Times? The reason, two sources tell Johnnie L. Roberts of Newsweek, is that Geffen doesn’... More »

No Newspaper Is Worth Saving—in Its Current Form

(Newser) - It's only a matter of time before major American newspapers become nonprofits, writes Simon Dumenco in Advertising Age. The idea—he himself wrote about it in 2006, borrowing from the model of the Guardian—is "an inevitability," he writes. And now that a few "suddenly panicky" senators... More »

Obit Editors Fall for Fake Wikipedia Quote

Papers printed Maurice Jarre gem, but he didn't say it; Irish student did

(Newser) - An Irish college student managed to prank the world media in an attempt to illustrate lax fact-checking in today’s 24-hour news cycle, the AP reports. When French composer Maurice Jarre died March 28, Shane Fitzgerald fabricated a delicious quote and put it on the Jarre Wikipedia page. The citizen... More »

Murdoch: I'll Charge for News Sites Within Year

New York Post , London Times may join Journal behind pay wall

(Newser) - If you think you can get your newspaper online for free, you can just think again, says News Corp honcho Rupert Murdoch, who plans to charge for access to his papers' websites "within the next 12 months" in an attempt to fix a "malfunctioning" business model. Murdoch... More »

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