Finance

In a Tough Ad Climate, Small Publishers are Finding Success in Small Donations
May 16, 2018 at 8:51 am

Digital advertising is competitive and the subscription business is tough, but digital publishers are finding hope in small-dollar donations. This month, LAist and DCist, Los Angeles- and Washington-focused local news sites once owned by DNAinfo, will each launch Kickstarter campaigns. They’re hoping to mirror the success of their…

Meredith Reports Excess in Savings in Post-Acquisition Earnings Call
May 14, 2018 at 11:13 am

Meredith said gobbling up Time Inc. is actually a tastier treat than first expected. In its earnings call on Thursday, the company said that the original estimate of $400 million to $500 million in savings over the first two years post-merger will now tally more than $500 million in savings. Of course, that means lots of…

Wired’s New Paywall Aims to Build a More “Stable Financial Future”
February 12, 2018 at 11:49 am

Wired’s brand and mission may align it closely with the koan of the internet revolution that “information wants to be free,” but the days of unlimited free content at Wired.com are coming to an end. Starting today, visitors to Wired.com will be able to read four articles a month, plus a snippet of a fifth…

'Guardian US' Gains 300,000 Paying Supporters
January 29, 2018 at 2:27 pm

Guardian US has racked up more than 300,000 paying supporters in the year since it began asking American readers to voluntarily contribute funds to support its journalism. The contributions now account for more than a third of the newspaper’s revenue. “Because The Guardian is owned by the Scott Trust, with no shareholders or powerful proprietor to please, all…

New York Times Co. Increases Revenue, Books Healthy Third Quarter Profit
November 1, 2017 at 2:28 pm

The New York Times Co. is suffering the same miserable print advertising losses as others in the industry — down 20% year-to-year for the third quarter. But the Times, unlike the rest of the public news companies, still achieved revenue growth — 6% for the quarter — thanks to another surge in digital subscriptions and…

Media Industry Reports Are Releasing Less Data on Print Ad Revenue & Employee Head Counts
October 31, 2017 at 1:48 pm

The last decade has seen a steady erosion in the number of media industry benchmark reports — at least those made publicly available to trade reporters and bloggers — leaving less reliable, third-party data by which to gauge the overall health of the media business. The Publisher’s Information Bureau, which long provided quarterly and annual…

Guardian Says Money From Readers Has Overtaken Advertising; Boasts 500,000 Paying Supporters
October 30, 2017 at 1:39 pm

Guardian News and Media claims that more than 300,000 readers are now paying it at least £5 a month as supporters and members. Added to around 100,000 print subscribers and 100,000 digital app subscribers this means around 500,000 are now making regular payments to The Guardian and Observer publisher. Editor Katharine Viner has said that…

WAN-IFRA Says That "Reluctance to Innovate" Is a Top Concern for News Execs
September 20, 2017 at 2:45 pm

 “What is the single most important risk to your news organizations’ future success?” The top answer, according to a new WAN-IFRA report that surveyed 235 news executives and other managers working in media across 68 countries, was “reluctance to innovate,” followed by concerns over finding new revenue streams and a sustainable business model. (Only 5…

Profits Drop at The Economist After 'Painful' Year
September 19, 2017 at 10:32 am

A dramatic decline in advertising revenue contributed to a “painful” year for The Economist as it suffered an 11% drop in profits despite raising subscription prices by 20%. In its annual report, the weekly magazine said nearly a fifth of sales came from advertising, compared with 23% in 2015 and 40% seven years earlier. Chris Stibbs,…