(Chicago Sun Times) — Mayoral hopeful Carol Moseley Braun lashed out against Chicago Sun-Times columnist Neil Steinberg on Wednesday in response to a column criticizing the former U.S. senator. “He is a drunk and a wife beater, and that’s a matter of record. I didn’t make that up. It’s the truth,” Braun said at a […]
(Chicago Now) — On Tuesday, Dec. 28th at 12 Noon a cross section of leadership from the Black coommunity will stage a public demonstration and press conference against the Chicago Sun-Times newspaper at 350 N. Orleans near the Chicago River. African-American clergy, business owners and community leaders expressed outrage over a column written by Neil Steinberg in the Monday edition […]
(Daily Finance) — Although many media pundits have declared that newspapers are in a death spiral, group buying may — just may — have an antidote. Let’s jump through the math. In 2009, the Newspaper Association of America logged roughly $25 billion in advertising revenues. Three-quarters of that was from display advertising. That’s a shocking […]
(New American Media) — James Tucker, publisher of the African American Voice, the city’s only Black newspaper, has asked the federal government to stop a local school district from advocating an advertising boycott of his publication. Tucker recently filed a racial discrimination complaint with the U.S. Justice Department against Harrison School District 2 alleging that […]
(New York Times) — Randall D. Smith, a pioneer in the hard knocks business of vulture investing, is circling a new target: the beleaguered newspaper industry. Mr. Smith puts money into risky investments that few others will touch — and these days, that includes many newspaper and radio companies. For the better part of a year, […]
(Crain’s) — One recent sunday, The New York Times went after Rupert Murdoch in a way I hope he admired. The investigation of voicemail hacking by Murdoch’s News of the World belied Arthur Ochs Sulzberger Jr.’s claim in the latest issue of Vanity Fair that his Times and Murdoch’s Wall Street Journal are not at […]
(Washington Business Journal) — For the first time in the Washington Post’s history, the publication will run an advertisement on the paper’s front page this Sunday. McLean-based Capital One Financial Corp. is buying the ad, which is part of a larger advertising campaign the company is conducting in both the Post’s print and online outlets. […]
(Chicago Sun Times) — A Delaware judge has agreed to again extend deadlines in the Tribune Co.’s bankruptcy as the company continues negotiating with creditors. The judge moved several deadlines in the case earlier this month to give parties time to respond to an independent examiner’s report on the media conglomerate’s 2007 leveraged buyout and […]
(Washington Business Journal) — Moody’s Investors Service may downgrade its Washington Post Co. credit ratings because potential changes in student loan guidelines could curtail business for its profitable Kaplan Inc. education division. Proposed Department of Education guidelines would impose minimum student loan repayment rates and cap debt-to-income requirements for students at for-profit schools to remain eligible for […]
(Chicago Sun Times) — An examiner probing Sam Zell’s buyout of the Tribune Co. in late 2007 has found evidence of “dishonesty” in the deal’s latter stages, a conclusion that could throw the company’s 20-month-old bankruptcy case into turmoil. Kenneth Klee, appointed by the U.S. Bankruptcy Court to review the Tribune deal, said in a […]
(Crain’s) — This may have been a good year for circulation at The Wall Street Journal, but it’s been a lousy year for prestige. The nation’s largest weekday paper was completely shut out this week in the competitive categories of the Gerald Loeb Awards for Distinguished Business and Financial Journalism. It was the first time that […]
(All Things Digital) —The Internet is poised to overtake newspapers as the second-largest U.S. advertising medium by revenue behind television, according to PricewaterhouseCoopers’ Global Entertainment and Media Outlook for 2010 to 2014. The online ad business, excluding mobile ads, is set to expand to $34.4 billion in 2014 from $24.2 billion in 2009, according to […]