Tag: media business

NewsTrust: The J-hunt continues

Five more stories on journalism for your perusal:

If you’d like to join in the fun, sign up for NewsTrust and visit the journalism topic page.

Five more for NewsTrust’s journalism hunt

Here are five more pieces about journalism that I’ve posted to NewsTrust.

Again, I invite you to register with NewsTrust, review stories and submit some that you find as well.

Time is not predicting the Globe’s demise

First of all, let’s dispense with the fiction that Time magazine is predicting the Boston Globe may go out of business or cease publishing its print edition sometime this year. Universal Hub and Jessica Heslam wrongly attribute the prediction to Time. Bostonist almost gets it right, but is unclear enough that readers might still think this is coming from Time.

In fact, the source of this rather startling prediction is Douglas McIntyre, a blogger for 24/7 Wall Street — not exactly the ghost of Henry Luce. Time just happens to run the feed on its Web site. (Here’s a look at the site’s syndication service.) I’ve interviewed McIntyre. He’s a smart, knowledgeable guy, but it’s fair to say that he likes to be a provocateur.

You will notice, too, that McIntyre repeats that bit about the Globe’s being worth only $20 million. In fact, as the Boston Business Journal reported recently, a more logical number is a shade under $200 million — far short of the $1.1 billion that the New York Times Co. paid for it (in 1993 dollars, no less), but a lot more than $20 million. I know of no one who ever thought the $20 million figure was credible.

The Globe is struggling mightily, but its Web site, Boston.com, attracts more than 5 million unique visitors a month, and its paid print circulation — about 325,000 on weekdays and 500,000 on Sundays — is, though far short of the glory days, plenty enough to attract a decent amount of advertising if we weren’t in the midst of a brutal recession.

So can we please get real?

Journalism about journalism on NewsTrust

My reading and blogging habits will be substantially different this week, as I am hosting the journalism topic area for NewsTrust.

NewsTrust is a social-networking tool that enables community members to submit and rate news stories on qualities such as fairness, sourcing and importance. If you’ve never tried it before, I encourage you to sign up and give it a whirl. I’ll keep you posted on what I’m submitting this week in the hopes that you’ll pitch in.

Here is what I submitted this morning. The links will take you not directly to the story but, rather, to a NewsTrust review page. From there you can go to the story and review it for yourself.

Hope you’ll consider taking part.

The Globe’s OT is O-U-T

The Boston Globe’s sports weekly, OT, might have had a chance if it had been given away at sporting events. A good-quality sports tabloid would have been attractive to advertisers if it could have actually been put into the hands of sports fans.

Instead, the Globe decided to charge 50 cents — a trivial amount, but it made distribution a hassle. (I think I’ve seen it once.) OT never attained lift-off, and, as David Scott reports, it’s now been canceled.

Success would have been difficult under any circumstances, but this was an opportunity lost. (Via Universal Hub.)

On the road again

I’m heading to Hartford, Conn., later this morning to interview and follow around Christine Stuart, the editor of CT News Junkie, which covers the Connecticut politics at a time when mainstream news organizations are cutting back. Her site is affiliated with a better-known community site, the New Haven Independent.

Stuart is not waiting for a new business model — she’s just doing it.

Gov. Patrick targets legal notices

Gov. Deval Patrick is repeating a threat he’s made in the past: to take legal notices out of newspapers and run them online instead, thus saving taxpayers some money.

Hillary Chabot reports in today’s Boston Herald that Patrick has included a provision in his transportation bill that “would allow public transportation projects to advertise on the Internet instead of newspapers.”

From the earliest days of American newspapers, legal notices have been an important source of revenue. During Colonial times, it wasn’t uncommon for newspapers to curry favor with the royal governor in order to get lucrative official advertising.

Has the moment come to rethink legal ads? Probably. But given the horrendous state of the newspaper business, the timing couldn’t be any worse.

What Patrick proposes isn’t unique to Massachusetts. Le Templar of the East Valley Tribune in Mesa, Ariz., recently spoke with NPR’s “On the Media” about this very subject. Among other things, he said:

[A] variety of research shows that despite the current plight of the newspaper industry, people are still reading newspapers and their companion websites far more than they’re reading individual government websites. We’re talking at magnitudes of 10 to 100 times more.

Also, newspapers serve as sort of a central repository. If you’re a person who likes to know what different governments are up to around you, you can go to your local newspaper and read them all at once instead to having to go sit in a library all day and look through different minutes or, in the modern electronic era, hit individual websites.

Templar also argued that it’s far easier for the government to prove that it published a legal notice, as required by law, with a newspaper clip than with an online notice on a government site. (Thanks to O-Fish-L for calling my attention to the Herald story.)

Herald to shed 20 jobs

While everyone is focused on the looming 50-person cut in the Boston Globe’s newsroom, the Boston Herald yesterday quietly announced that it would soon shed 20 jobs.

Lisa van der Pool reports in the Boston Business Journal that the cuts won’t come exclusively from the Herald’s newsroom: publisher Pat Purcell says the reductions will involve “editorial and commercial” employees at both the paper and its Web site.

As at the Globe, the Herald will look for volunteers first.