This just in: the newspaper industry is hurting.

July 20th, 2007

Bad earnings just about everywhere you look . . .

  • Gannett — publisher of USA TODAY — reported numbers that look so-so until you take out the special gains the company recorded during the reporting period. Earnings on continuing operations: down.
  • Media General — Earnings: down.
  • McClatchy — Earnings: down.
  • Dow Jones — Earnings: down.

This is from just a quick scan of the headlines. Have I missed anybody — any more newspaper companies whose earnings are hemorrhaging from declining ad sales?

Meanwhile, craigslist and Google: please stop trying so hard to stifle your grins, okay?

Category: Advertising, Media

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2 Comments so far

Hoover’s Business Insight Zone » Q: What should we know by Thursday? - Hoover's July 23rd, 2007 3:22 pm

[...] On Wednesday we’ll also get to see if the New York Times and the Tribune Company will fare as poorly as their newspaper brethren did last week. [...]

Hoover’s Business Insight Zone » You will never, ever guess what happened to the earnings of The New York Times Company and the Tribune Company. Not ever. - Hoover's July 25th, 2007 3:22 pm

[...] given the earnings reports already issued from McClatchy, Gannett, Dow Jones, and Media General (summary: bad), I’d say this earnings [...]

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