Newspaper Cuts, Y! Consortium Grows

Yahoo! added 94 more papers to its newspaper consortium. This remains a big, big deal for both Yahoo and the newspapers.

Meanwhile the NY Times is reporting some impending cuts on publishing and personnel at the now private Tribune Co.:

Tribune Company newspapers like The Los Angeles Times and The Chicago Tribune will quickly cut costs — by printing fewer papers and employing fewer journalists — top company executives said on Thursday.

Samuel Zell, the chairman and chief executive of Tribune, and Randy Michaels, the company’s chief operating officer, revealed the cuts during a conference call with Wall Street analysts.

They also said the struggling company has looked at the column inches of news produced by each reporter, and by each paper’s news staff. Finding wide variation, they said, they have concluded that it could do without a large number of news employees and not lose much content.

The thinning out of both content and content creators will only hurt print newspapers long term, as they become less and less appealing to readers vs. the Internet.

3 Responses to “Newspaper Cuts, Y! Consortium Grows”

  1. troy Says:

    This is a catch 22 for newspapers. Their value is local content and they will just shrink themselves to a sustainable level but they wouldn’t go away either.

  2. ThieMedia Says:

    I agree with the last comment. This downsizing is part of a long cycle of correction for the newspaper industry – for media in general – as it still learns to adapt to the internet. Local content, especially in hyper-local neighborhood and community weeklies is largely unchallenged by these large dailies across the US. And the internet is still not the first place people go – regardless of demographic – to find little league scores, local trash/recycling pickup times & changes, PTA minutes, and, of course, the ever-popular “Police Blotter” (the hyper-local version of People magazine, where we all check up on our neighbors . . .). I see the newspaper industry finally moving in the direction that the public is asking for – those papers that remain committed to local and pertinent content will continue to grow, while the large dailies – committed more & more to the same wire news we’ve all already seen online or on TV by the time the paper reaches us – will continue in entropy, until they reach an inevitable balance. The days of 30% – 60% margin for newspapers – on ANY ad revenue – are gone. Business models need to be re-evaluated. This is part of the long process – but certainly not a death knell.

  3. Greg Sterling Says:

    Agree not a death knell and hopefully the correction, as you’re calling it, will not gut the quality from newspapers.

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