Advertiser Bargaining Update No. 12

Unions meeting

Hawaii Newspaper and Printing Trades Council - 20 Jul 2008

A General Membership Meeting of the Council’s Affiliated Unions: Saturday, July 26, 2008 2:00 p.m. ILWU, Local 142, 451 Atkinson Drive Parking is limited. Carpooling is suggested.

Advertiser Bargaining Update No. 11

What’s this?

Hawaii Newspaper and Printing Trades Council - 15 Jul 2008

After more than a year of negotiations, the Advertiser today brought the process back to Square One with a regressive contract proposal that would cut pay, eliminate meaningful work jurisdiction, threaten pensions and eliminate job security.

Company, 'unwilling to pay,' cuts offer

The Hawaii Newspaper Guild - - 15 Jul 2008

The Hawaii Tribune-Herald again has cut its wage offer to members of the Hawaii Newspaper Guild. The company’s latest wage offer came during a day-and-a-half of negotiations between the Guild and the Company on July 2 and July 3.

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Profits drop; McClatchy plans to examine dividend

Dale Kasler - The Sacramento Bee - 25 Jul 2008

The McClatchy Co. reported another big drop in profits today, the result of the continued decline in advertising revenue. The company said it expects the slump to continue and announced that it will re-examine its shareholder dividend policies as it looks for ways to save money.

Copley seeks to unload flagship San Diego Union-Tribune

Editor & Publisher - 25 Jul 2008

The San Diego Union-Tribune is going on the auction block, its parent company The Copley Press announced this afternoon.

Top newspapers in web/print penetration

Jennifer Saba - Editor & Publisher - 25 Jul 2008

The Rochester Democrat and Chronicle in New York has the largest market reach when taking into account its print and online readership, according to new data from Scarborough Research. The Democrat and Chronicle reaches 81% of its designated market area (DMA).

Huge volume as Journal Register shares hit 3 cents

Mark Fitzgerald - Editor & Publisher - 25 Jul 2008

Investors rushed to dump their holdings in Journal Register Co. Thursday as the stock dropped to just 3 cents a share as the close of trading approached.

Denver newspapers slump in Q2

Mark Harden - Denver Business Journal - 25 Jul 2008

Profits from the partnership that publishes Denver’s two daily newspapers dropped steeply in the second quarter of 2008, another sign of the slumping advertising market in Denver and nationwide.

Scripps 2Q newspaper ad revenue falls 15%

Mark Fitzgerald - Editor & Publisher - 25 Jul 2008

E.W. Scripps Co. reported Thursday that its total newspaper revenue for the second quarter fell 13% to $144, fueled by a 15% drop in ad revenue at papers managed solely by the Cincinnati-based publisher.

Owner of San Diego Union-Tribune to explore sale

Allison Hoffman - The Associated Press - 24 Jul 2008

The owner of The San Diego Union-Tribune said Thursday that it hired an investment bank to explore a sale of the company.

Pruitt still optimistic on McClatchy's future

Jennifer Saba - Editor & Publisher - 24 Jul 2008

Despite the absolute beating newspapers are receiving, Gary Pruitt chief executive of McClatchy still believes in the industry -- and that his company will have a strong future.

Lee Enterprises 3Q profit falls 87%

The Associated Press - 24 Jul 2008

Lee Enterprises news co. 3rd-qtr profit falls 87 pct, or 44 pct excluding one-time charges

McClatchy 2Q profit drops on lower ad revenue

Jeremy Herron - The Associated Press - 24 Jul 2008

Newspaper publisher McClatchy Co.'s second-quarter earnings tumbled 44 percent as ad revenue continued to shrink in its key markets.

Star Tribune’s debt for sale as newspaper woes mount

Bob Geiger, Burl Gilyard and Mark Anderson - Finance and Commerce - 23 Jul 2008

The lenders who financed Avista Capital Partners’ 2007 acquisition of the Star Tribune now want out of the deal, and are seeking a buyer for their debt package, originally worth more than $400 million.

NYT Co. profit off 82% in 2Q

The Associated Press - 23 Jul 2008

New York Times Co.'s second-quarter earnings fell 82 percent from a year ago, when it saw a one-time gain from the sale of a unit, but print advertising continued to shrink and pulled down operating income, the publisher said Wednesday.

Cuts needed, Tribune's Zell says, 'so we can survive'

Lorraine Mirabella - The Baltimore Sun - 23 Jul 2008

Real estate mogul Sam Zell, who took control of media giant Tribune Co. about six months ago, defended yesterday the staffing and page cuts under way at The Sun and its other newspapers as necessary in the worst advertising climate in decades.

As papers struggle, news is cut and the focus turns local

Richard Pérez-Peña - The New York Times - 22 Jul 2008

Almost two-thirds of American newspapers publish less foreign news than they did just three years ago, nearly as many print less national news, and despite new demands on newsrooms like blogs and video, most of them have smaller news staffs, according to a new study.

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