Murdoch's Newspaper (Losses)


	Murdoch's Newspaper (Losses)

hjharris

5-7-2009 5:31 AM

168 views

hjharris says:

With advertising moving over to other forms how long will it be before we see the demise of the number and variety of newspapers.

Are journalists being disintermediated?

Undoubtedly with our current downturn the value chains are changing.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c19f8e74-01f1-4b99-8c64-9e27b3dbd79e/C03D37C1-D4B3-436D-91C4-575528D530AB/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.thisislondon.co.uk/standard-business/article-23685727-details/Losses+jump+17+at+Murdoch%27s+Times+as+advertising+slides/article.do" href="http://www.thisislondon.co.uk/standard-business/article-23685727-details/Losses+jump+17+at+Murdoch%27s+Times+as+advertising+slides/article.do" style="font-size: 11px;">www.thisislondon.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.thisislondon.co.uk/standard-business/article-23685727-details/Losses+jump+17+at+Murdoch%27s+Times+as+advertising+slides/article.do">newspapers have been suffering in the credit crunch as profits shrank at The Sun and the News of the World and losses grew at The Times and Sunday Times</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.thisislondon.co.uk/standard-business/article-23685727-details/Losses+jump+17+at+Murdoch%27s+Times+as+advertising+slides/article.do"><P>Times Newspapers, publisher of The Times and Sunday Times, reported that losses jumped 17% from £43.9 million to £51.3 million in the year to 29 June 2008 - before the collapse of <A href="http://www.thisislondon.co.uk/standard-home/related-17128-articles-reviews/Lehman+Brothers+Inc./related.do" title="More on Lehman Brothers Inc...." class="inform">Lehman Brothers</A> and recession hit the advertising market.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.thisislondon.co.uk/standard-business/article-23685727-details/Losses+jump+17+at+Murdoch%27s+Times+as+advertising+slides/article.do"><P>News Group Newspapers, publisher of The Sun and the News of the World, announced profits fell to £55.1 million for the same period, down from £61.8 million a year earlier.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.thisislondon.co.uk/standard-business/article-23685727-details/Losses+jump+17+at+Murdoch%27s+Times+as+advertising+slides/article.do">Turnover at Times Newspapers dropped marginally to £444.8 million from £447.1 million</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.thisislondon.co.uk/standard-business/article-23685727-details/Losses+jump+17+at+Murdoch%27s+Times+as+advertising+slides/article.do">The overall loss of £51.3 million </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.thisislondon.co.uk/standard-business/article-23685727-details/Losses+jump+17+at+Murdoch%27s+Times+as+advertising+slides/article.do">The Sun and News of the World posted an operating loss of £18.5 million.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.thisislondon.co.uk/standard-business/article-23685727-details/Losses+jump+17+at+Murdoch%27s+Times+as+advertising+slides/article.do"><P>Advertising revenue fell, with the exception of digital ad sales, and it also blamed "higher technology development costs in relation to digital activities".</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C03D37C1-D4B3-436D-91C4-575528D530AB/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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