1. You have chosen to ignore posts from mudbugger. Show mudbugger's posts

    The end of the line for the Boston Globe....?

    yahoo news is reporting that the following ten major city newspapers are most likely going under this year or will switch to a digital paper only.

    1. The Philadelphia Daily News. The smaller of the two papers owned by The Philadelphia Newspapers LLC, which recently filed for bankruptcy. The parent company says it will make money this year, but with newspaper advertising still falling sharply, the city cannot support two papers and the Daily News has a daily circulation of only about 100,000. The tabloid has a small staff, most of whom could probably stay on at Philly.com, the web operation for both of the city dailies.

    2. The Minneapolis Star Tribune has filed for Chapter 11. The paper may not make money this year even without the costs of debt coverage. The company said it made $26 million last year, about half of what it made in 2007. The odds are that the Star Tribune will lose money this year if its ad revenue drops another 20%. There is no point for creditors to keep the paper open if it cannot generate cash. It could become an all-digital property, but supporting a daily circulation of over 300,000 is too much of a burden. It could survive if its rival the St. Paul Pioneer Press folds. A grim race.

    3. The Miami Herald, which has a daily circulation of about 220,000. It is owned by McClatchy, a publicly traded company which could be the next chain to go into Chapter 11. The Herald has been on the market since December, and but no serious bidders have emerged. Newspaper advertising has been especially hard hit in Florida because of the tremendous loss in real estate advertising. The online version of the paper is already well-read in the Miami area and Latin America and the Caribbean. The Herald has strong competition north of it in Fort Lauderdale. There is a very small chance it could merge with the Sun-Sentinel, but it is more likely that the Herald will go online-only with two editions, one for English-speaking readers and one for Spanish.

    4. The Detroit News is one of two daily papers in the big American city badly hit by the economic downturn. It is unlikely that it can merge with the larger Detroit Free Press which is owned by Gannett. It is hard to see what would be in it for Gannett. With the fortunes of Detroit getting worse each day, cutting back the number of days that the paper is delivered will not save enough money to keep the paper open.

    5. The Boston Globe is, based on several accounts, losing $1 million a week. One investment bank recently said that the paper is only worth $20 million. The paper is the flagship of what the Globe's parent, The New York Times, calls the New England Media Group. NYT has substantial financial problems of its own. Last year, ad revenue for the New England properties was down 18%. That is likely to continue or get worse this year. Supporting larger losses at the Globe will become nearly impossible. Boston.com, the online site that includes the digital aspects of the Globe, will probably be all that will be left of the operation.

    6. The San Francisco Chronicle. Parent company Hearst has already set a deadline for shutting the paper if it cannot make tremendous cost cuts. The Chronicle lost as much as $70 million last year. Even if the company could lower its costs, the northern California economy is in bad shape. The online version of the paper could be the only version by the middle of the 2009.

    7. The Chicago Sun Times is the smaller of two newspapers in the city. Its parent company, Sun-Times Media Group trades for $.03 a share. Davidson Kempner, a large shareholder in the firm, has dumped the CEO and most of the board. The paper has no chance of competing with The Chicago Tribune.

    8. NY Daily News is one of several large papers fighting for circulation and advertising in the New York City area. Unlike The New York Times, New York Post, Newsday, and Newark Star Ledger, the Daily News is not owned by a larger organization. Real estate billionaire Mort Zuckerman owns the paper. Based on figures from other big dailies it could easily lose $60 million or $70 million and has no chance of recovering from that level

    9. The Fort Worth Star Telegram is another one of the big dailies that competes with a larger paper in a neighboring market - Dallas. The parent of The Dallas Morning News, Belo, is arguably a stronger company that the Star Telegram's parent, McClatchy. The Morning News has a circulation of about 350,000 and the Star Telegram has just over 200,000. The Star Telegram will have to shut down or become an edition of its rival. Putting them together would save tens of millions of dollars a year.

    10. The Cleveland Plain Dealer is in one of the economically weakest markets in the country. Its parent, Advance Publications, has already threatened to close its paper in Newark. Employees gave up enough in terms of concessions to keep the paper open. Advance, owned by the Newhouse family, is carrying the burden of its paper plus Conde Nast, its magazine group which is losing advertising revenue. The Plain Dealer will be shut or go digital by the end of next year.

     
  2. You have chosen to ignore posts from carolina-soxfan. Show carolina-soxfan's posts

    The end of the line for the Boston Globe....?

    I hope this lousy message board is the first thing to go. I still use it, but the old one was far superior. It was supposed to be an upgrade when it was launched. What a steaming pile of bullsh** that was.
     
  3. You have chosen to ignore posts from M1A2. Show M1A2's posts

    The end of the line for the Boston Globe....?

    I too am a Carolina Sox Fan, as I think Peter Gammons is. Go Heels. Go Sox.
     
  4. You have chosen to ignore posts from carolina-soxfan. Show carolina-soxfan's posts

    The end of the line for the Boston Globe....?

    [Quote]I too am a Carolina Sox Fan, as I think Peter Gammons is. Go Heels. Go Sox.[/Quote]

    That was a good win for the Heels yesterday. I think they'll make some noise in the tournament.
     
  5. You have chosen to ignore posts from prairiemike. Show prairiemike's posts

    The end of the line for the Boston Globe....?

    Anyone with eyes and a brain could see years ago that the web would spell the doom of the printed word. Now that the average person is walking around with the internet in his pocket, there is absolutely no reason to buy an acutal printed page, and even if there was, there is simply not enough ad revenue to support both media.

     
  6. You have chosen to ignore posts from mudbugger. Show mudbugger's posts

    The end of the line for the Boston Globe....?

    I'm surprised that the electronic media hasnt come up with a version where readers/subscribers pay a nominal fee of like $20 a year to gain access to the globe past the front headlines.

    Atleast it is some revenue generated..
     
  7. You have chosen to ignore posts from prairiemike. Show prairiemike's posts

    The end of the line for the Boston Globe....?

    Fear not. The day is coming when you will have to subscribe to sites like this one.

     
  8. You have chosen to ignore posts from carolina-soxfan. Show carolina-soxfan's posts

    The end of the line for the Boston Globe....?

    [Quote]I'm surprised that the electronic media hasnt come up with a version where readers/subscribers pay a nominal fee of like $20 a year to gain access to the globe past the front headlines.

    Atleast it is some revenue generated..
    [/Quote]

    Good point. I've wondered for a long time how they can even sell these newspapers when everyone and their brother can go online and get 90% of the articles. They should have known better. Come on!
     
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  10. You have chosen to ignore posts from mrmojo1120. Show mrmojo1120's posts

    The end of the line for the Boston Globe....?

    [Quote]I'm surprised that the electronic media hasnt come up with a version where readers/subscribers pay a nominal fee of like $20 a year to gain access to the globe past the front headlines.

    Atleast it is some revenue generated..
    [/Quote]

    Actually ESPN.com does that.It's called ESPN insider where you pay a fee to read articles by Peter Gammons and others.
     
  11. You have chosen to ignore posts from badscience. Show badscience's posts

    The end of the line for the Boston Globe....?

    How 'bout them Heels!

    I'm (currently) a West Coast Sox/Tarheels fan. I can't get enough Red Sox discussion out here; I even enjoy all the ridiculous back and forth on this board.

    March madness is the perfect lead up to Opening Day for me.

    Go Sox!

    [Quote]I too am a Carolina Sox Fan, as I think Peter Gammons is. Go Heels. Go Sox.[/Quote]
     
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  13. You have chosen to ignore posts from carolina-soxfan. Show carolina-soxfan's posts

    The end of the line for the Boston Globe....?

    [Quote]How 'bout them Heels!

    I'm (currently) a West Coast Sox/Tarheels fan. I can't get enough Red Sox discussion out here; I even enjoy all the ridiculous back and forth on this board.

    March madness is the perfect lead up to Opening Day for me. Trust me though I'd rather it be UNC.

    I'm a heel fan as well. But, I'm so far detached from Chapel Hill that I will pull for Duke, if and only if, they make it ahead of the Heels in the tournament. I know it's like rooting for the Red Sox and Yankees, but being from NC, I just like to see someone from NC make it to the Final Four.

    Go Sox!

    [/Quote]
     
  14. You have chosen to ignore posts from carolina-soxfan. Show carolina-soxfan's posts

    The end of the line for the Boston Globe....?

    [Quote][/Quote]

    I realize how not NC Duke is but call me old fashioned, but I like to see teams from NC make it in the tournament, as long as their not playing UNC.
     
  15. You have chosen to ignore posts from carolina-soxfan. Show carolina-soxfan's posts

    The end of the line for the Boston Globe....?

    next?
     
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  18. You have chosen to ignore posts from carolina-soxfan. Show carolina-soxfan's posts

    The end of the line for the Boston Globe....?

    [Quote]Duke was Trinity College in Trinity, NC, before moving to Durham. It is very much a North Carolina school, as my great uncle went there on his way to an ambassadorship. We come from original land grant ancestors with roots in Wake County. Duke is very much a North Carolina school, by birth. It isn't a secular public school paid for by the taxpayers and required to reserve 80% of it's undergraduate class to North Carolina residents, but that' doesn't mean it's any less a North Carolina school. I have relatives who have attended both, and it takes a very small mind to view Duke as anything but a North Carolina school, born and bread.[/Quote]

    What I mean softie, is that there really are hardly any people from NC that actually go to school there. It's kind of an inside joke from people in NC, so I don't expect you to understand that. Maybe, I just have a "small mind." LOL.
     
  19. You have chosen to ignore posts from Roast1999. Show Roast1999's posts

    The end of the line for the Boston Globe....?

    As someone in the newspaper industry, it's a depressing trend for me especially seeing newspapers around the country heading under. So much is turning to the web, but in my opinion nothing will be better than picking up a newspaper and looking through it. More convenient yes, but better, no.
     
  20. You have chosen to ignore posts from prairiemike. Show prairiemike's posts

    The end of the line for the Boston Globe....?

    I suspect that actual newspapers (or more likely one actual newspaper) will survive in some fashion for the same reason radio does.
     
  21. You have chosen to ignore posts from 13lucky. Show 13lucky's posts

    The end of the line for the Boston Globe....?

    [Quote]

    Actually ESPN.com does that.It's called ESPN insider where you pay a fee to read articles by Peter Gammons and others.[/Quote]
     
  22. You have chosen to ignore posts from 13lucky. Show 13lucky's posts

    The end of the line for the Boston Globe....?

    Crappy forum board ... the old site was better. What I wanted to mention was that just a few years ago the Herald charged $5 to get to read things on their web site. But they stopped doing that.
    I too think it's only a matter of time before the newspapers all over the country will have to charge their online readers a fee, like mojo above mentioned ESPN Insider.
     
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