Newspaper Industry Decline, Print Media | featured news

Is the newspaper business dead? John Garrett's hyperlocal chain in Texas suggests there's still life in the old medium.

A major Southern California newspaper is defying conventional wisdom by spending heavily to expand in print... New and expanded sections to cover business, automobiles and food. A nearly five-fold increase in community news pages and more investigative reporting. Even daily color comics. It feels like a throwback to an earlier era at the Orange County Register, where a first-time newspaper owner is defying conventional wisdom by spending heavily to expand the printed edition and playing down digital formats.

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.

U.S. News & World Report will cease printing its monthly magazine in 2011, according to an internal memo from editor Brian Kelly posted on the journalism website Poynter.org's Romanesko blog.