Newspaper Industry Decline, Newspapers | featured news

The Washington Post Co. on Friday reported a 50 percent drop in second-quarter earnings, with revenue continuing to plummet in the Kaplan Higher Education Unit and both the online and print operations of the newspaper division seeing declines in advertising revenue. Overall profits for the quarter that ended July 3 totaled $45.6 million ($5.74 per share), the company said, compared with $91.9 million ($10.00 per share) a year earlier. Revenue increased at The Post Co.’s television broadcasting and cable television divisions.

The nation's largest newspaper publisher is laying off another 700 employees to cope with an unrelenting advertising slump....

Spending on U.S. Internet ads rose 15% to $26 billion last year, outpacing traditional media and surpassing newspaper ad revenue for the first time.

The New York Times rolled out a plan on Thursday to begin charging the most frequent users of its Web site $15 a month in a bet that readers would pay for news they have grown accustomed to getting free.

The newspaper industry, devastated during the recession, had another bad year in 2010.Overall, circulation for newspapers in the U.S. declined 5 percent during the six months ended Sept. 30, according to the Audit Bureau of Circulations' Fas-Fax, the industry's semi-annual scorecard.

This year, for the first time, advertisers will have spent more on Internet ads than on print newspaper ads, according to new estimates from eMarketer.

The New York Post is the latest newspaper to cross the iPad barrier, with a new, full-content tablet.

Alternative weeklies are raking in medical marijuana lucre, but dailies like The Denver Post are taking advantage of the boom, too, and making no apologies.

A group of lenders once again came out on top in the auction for the publisher of Philadelphia's two major daily newspapers, winning with a cash bid of $105 million and besting a rival group led by local philanthropist Raymond Perelman.

Many worry that Silicon Valley will upend the entertainment industry just like the Internet ravaged the music and newspaper industries. Google revolutionized the way people access information. Now it wants to transform how people get entertainment.