Newspaper Industry Decline, Advertising | featured news

New York Times profit tripled in the fourth quarter thanks to one-time items, including the sale of its share in Indeed.com, but the underlying business continued to erode on sharp advertising declines.

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.

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.

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.

The possible sale of Yahoo’s HotJobs would be a huge blow for members of the Yahoo (NSDQ: YHOO) Newspaper Consortium, as the alliance is the only source of help-wanted-ad revenue for nearly 200 papers. But that’s apparently not deterring papers from joining.

Newspaper circulation declined at an accelerated pace in the six months through March, adding to the industry's advertising woes.

Why are studios slowly but surely cutting back on their print ad budgets?

Gannett Co., the largest US newspaper publisher, said fourth-quarter profit fell 36 percent on faltering advertising sales and expenses to cut jobs.

New York Times reported a lower fourth-quarter profit as an advertising slump continues to erode its capital base. The publisher's revenue fell 11%.