Time Inc. cuts 6% of workforce
Friday, October 30, 2009
Photo Credit: AllThingsBeautiful.com
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The latest in news-industry issues, as written by multimedia journalism and integrated marketing communication students at Simpson College.
By Tessa Leone
Today at 11:25 the Wall Street Journal closed it's Boston Bureau. After an advertising slump that has newspapers reeling, Wall Streets editor Robert Thomson announced to employees that "The economic background for the closure is painfully obvious to us all".
Low numbers regarding advertising are the main contributor for the closure. With less readers, many advertisers are seeking other forms of communication. Although the paper was the only one of the top 25 U.S. newspapers to increase its weekly circulation, those numbers werent enough to counter balance the lack of advertisements.
The Boston coverage will now switch to the papers Money and Investing division in New York. Although there are no plans to close any other Wall Street bureaus at this time the forecast for print media in general does not look good, but this is not new news.
By Ryan Franker
The San Fransisco Chronicle has figured out a way in making a profit with the newspaper. The Chronicle believes that changing their business model is what helped their change. They had such a horrible decline in daily subscription last year, but with the changes that were made they were able to make up for it.
The changes the Chronicle did, were offering fewer discounts on subscriptions, and stopped delivering the newspapers to homes that made no economic sense in delivering it to that house. Their subscription rate jumped from $4.75 to $7.75 within 18 months. The Chronicle has the largest circulation in the Bay Area.
With the Chronicle's subscription rate up, the newspaper was able to make changes that would benefit them in the long run. The Chronicle is planning on switching the normal newspaper paper to the glossy magazine type paper, it will be the first newspaper to switch to that kind of paper in the country. The paper is also making a new section in the paper called Ovations, it will be for arts and culture.
It is hard to tell which path to take, because each city is different and will take a different approach to it. The Chronicle was lucky that the approach they took, the people liked and were able to give them money back to enhance the readers papers.
(Photo Credited: flickr)
By Brianna Carlson
By: Amy Johnson
NBC's Universal Television Entertainment chairman Jeff Gaspin recently announced that the network would not be producing programs to profit margins.
The network is trying something different than most networks have done. Their new idea is that a network does not have to spend a hefty profit on a show; by producing a show that is really cheap and easy to make, a big profit can still be made in their time slots.
While NBC is producing cheap shows, competing networks are soaking up the ratings but is paying for expensive sitcoms. Those sitcoms may be getting stellar numbers, but they are also affecting the network's profit margin negatively.
An example of NBC's new idea was when they moved “Jay Leno” to nine o' clock. NBC has yet to see if this plan has worked as Leno hasn't discovered its ratings resting point quite yet; baseball playoff programming on Fox and TBS have taken away some of his viewers.
This move may prove to be very smart on NBC's part; by lowering the costs of producing shows, NBC's budget will not see as big of a blow. The question is how will viewers take to these changes? Most well-liked sitcoms are ones that have been around for a few years and cost more to produce. If more networks go to this idea, many viewer's favorite shows could be canceled.
By Michelle Zimmerman
Web 2.0 Summit questioned 5 teens last week on their views of the Internet. The teens' ages ranged from 15 to 18. The teens were questioned on what they found important on the Internet and things that would change the efficiency as they used it.
The majority of the teens felt that Facebook was the most exciting thing they did on the Internet. It is an easy way to connect with friends and reduces the use of Skype and iChat because they can now use the messenger feature Facebook offers.
When asked about Twitter they replied they did not see the point in posting what seemed to them as irrelevant information. It is thought that teens do not understand the use of Twitter because instead of using it as a social networking device, people are using it as another way to expedite news as fast as they can.
Though Facebook was a favorite of the teens when asked if there was a small cost to use the website all of the teens replied that they would not use the it anymore because there would be other options on the Internet that would allow them to do it for free.
Another questioned asked was what search engine the teens used. As usual the teens replied with Google aside from one teen who said Yahoo gave them the answers they were always looking for. When using Google multiple websites that match your search appear where as the Yahoo search engine is more technical and allows for users to post websites and answers that may best fit someone's question.
It is not surprising that these 5 teens answered the way they did. As the Internets' popularity continues to grow across the world, we will continue to see a rise in the media shown on websites. Teens are the most current with this trend because it has been occurring throughout their entire generation. Teens will continue to use Facebook as long as it remains free because it is the easiest and cheapest way to stay socially connected with their friends.
By: Mallory Tandy
Jeff Gaspin the NBC Universal Television Entertainment chairman shocked hollywood on Thursday when he announced that the network wouldn't be showing programs to profit margins. This means shows such as Jay Leno.
NBC wants to become number one again and not be at number four. They plan on doing this by bringing back scripted programs that will top the charts. Some have doubts that NBC will be able to do this when the famous Jay Leno is at number ten on the charts right now. Some say it will take the network years to work their way back up.
I think the network is trying to figure out what will work for them in the end to help them succeed. Is what they are doing a good idea?
By Keri Waterhouse
The Net neutrality supporters may celebrate the Federal Communications Commission’s vote on Thursday to start open internet regulations. The regulations aren’t written yet, but already having Congressional opposition and they’re probably going to be challenged in court.
The voters at the FCC for proposing getting the new rules protected to an open internet wasn’t anything when John McCain introduced legislation last Thursday morning. He wanted to block the agency from regulation the internet. He thought it would hurt the job market.
McCain said, "Today I'm pleased to introduce the Internet Freedom Act of 2009 that will keep the Internet free from government control and regulation.” He thought that it would allow for continued innovation that might in turn create more high-paying jobs for Americans who are out of work or looking for new employment. Maybe even keeping businesses free from oppressive regulations, and that it’s the best stimulus for the current economy.
The FCC voted on proposing the start for creating regulations that will keep the internet open. It will forbid any operators from restricting access to lawful internet contents, services, and applications. Networks also wouldn’t be able to discriminate other internet content or applications.
I think that by having open internet would make some people feel like their private lives would be open to the public. Being able to block people, share certain information with people, or even just selecting who can and can’t see things on Facebook makes the network more appealing and safe.
By Tessa Leone
The National Equality March, which was held on October 10-11 (last weekend), was a highly televised event. Tens of thousands of protesters stormed the capital waving flags and yielding signs demanding equality and equal rights concerning bisexual couples.
All of the major networks covered the story, all of the networks except Fox News. Fox, a widely speculated 'Right Wing' broadcast spent little time on the story and used ABC's footage of the event.
The main focus of the rally was to appeal for gay marriage and abolish the 'Don't Ask, Don't Tell' policy. The turnout alone was newsworthy by the very definition of the word.
Comedic newscaster, John Stewart was also offeneded by Fox. He covered the fact that Fox News didn't cover the rally on his program, The Daily Show.
"You didn't even send your own camera crew?" exclaimed Stewart. "You have a Washington bureau! Tell them to go to the window and point the camera down!"
A good reporter must remain biast and tell the news like it is. Omitting a story on the grounds of personal opinion is very unprofessional for a reporter and defienitely a major faux pa for a network news station.
Photo Credit: Michael T. Luongo
By Ryan Franker
Out of the 249 magazines the Magazine Publishers of America keep tabs on, only 22 magazines actually saw their ad revenue increase. The other 227 lost ad revenue compared to the figures in 2008.
Meredith Corporation is one of the companies that has a magazine will an increase in the ad revenue, Meredith actually has five different magazines that saw an increase in their ad revenue.
It is a small miracle that Meredith was able to get the revenue of five magazines up, since the company had to lay off 7 percent of their workers in 2008.
An employee for Meredith believes the company's success was with Meredith building a brand for the magazines and the internet, said Patrick Taylor. Making the website really user friendly helped give the magazine more exposure, which also helped the ad revenue go up too.
(Photo Credited: flickr)
By Taylor Finch
by: Amy Johnson
Sometimes, the world of Twitter and Facebook aren't all they're supposed to be. It is a great way to keep in touch with family and friends, but what happens when updating status' puts you at risk with your job?
Professional sports leagues such as the NFL to media outlets like the Washington Post are all struggling with how to make sure their employees don't expose the inner workings of their transactions. The goal is to plug the leaks of confidential information about potential productions such as Twitter, Facebook and YouTube.
Contracts with clauses about the use of Facebook and Twitter are not out of the ordinary for many newspapers. Some journalists have gone as far to create two different accounts, one for family and friends and one for co-workers.
Seeing a crackdown by many different companies is not out of the ordinary, especially when the employee is in the public eye. It can cause backlash to a story the company is working on and get the word our before all the facts are there.
The problem with social networking sites is that it is hard to tell when people are being serious or when they are being sarcastic when updating a status. In the world of big business and Hollywood, anything someone says is under scrutiny. The idea of two Facebook accounts for business and family isn't a bad idea; nor is it a bad idea for companies to put clauses in their contracts for confidentiality.
By Michelle Zimmerman
If something seems to good to be true, read the fine print. Over the past few years as the popularity of Internet, cell phones, and cable broadcast has grown so have the prices. While companies associated with these products many pretend through advertising that they are the cheapest option, more then likely this is false.
Through advertising in television and radio commercials as well as magazines, companies are able to disguise they're products to be cheap. Using asterisks on prices to refer to the actual prices listed in size 9 point font at the bottom on the television screen isn't being exactly honest. It isn't fair that these companies are allowed to falsely advertise their products for prices when they are actually going to receive more from the consumers.
By using this false advertisement, consumers are signing under false pretenses. Consumers are expecting they will pay what was advertised when in truth they're are many charges not listed on the advertisements. Charges such as a one-time activation fee, price increase after so many months, as well as the price to break a contract.
Not only are companies misleading their consumers with prices but as well as their products. Internet companies are known for advertising their highest speed when in contrast that is only a possibility rather than an average.
As a reaction from the consumers of these acts, cases have been filed in attempt to put an end to the entrapment of these companies. The plaintiffs are in pursuit of a law for advertising that protects consumers from being mislead.
By: Mallory Tandy
Are Myspace, Twitter, and Facebook causing stress on journalists? Social Networks such as these, used to be used as a way of getting information, but as time has went on it has become more personal information and not news worthy.
It seems to be causing trouble in some newspapers. At the New York Times, staff members tweeted about information about an internal meeting going on at the paper. They did not mean any harm by doing so but what if critical information could have been leaked out for their competitors to see, it would have been bad for the Times.
Some have solved the issues of mixing business with pleasure by having two Facebook pages, one for personal use and one for busniess and co-workers. But does this solve the issue at hand? Is social media harmful to journalists or helpful?
I can see it from both sides, I can see how it can be harmful but I can also see how it can be helpful. They can find good stories on social media sites, but also can be destructive in how they use their own sites.
The knowledge of business professors, was only available to MBAs and business students, it is now available to anybody with an Internet connection.
Many universities and business schools are making recordings of their lectures, seminars and conferences available to everyone through Web sites such as iTunes and YouTube.
Professors making their lectures available through iTunes will make lectures so much easier and more convenient to students with full schedules. It will also help the technology industry grow by students purchasing iTunes, computers, or even phones with internet accessibility.
Read more...By Tessa Leone
If Google's profits are any representation of our economy then we truly may be out of the recession. Google's quarterly revenue displays a strong increase in profit. It is 7% higher than last years, a number that exceeded expectations.
The revenue from the adds placed on Google also increased in the last Fiscal year.
"While there's obviously a lot of uncertainty about the pace of the economic recovery, we believe the worst of the recession is behind us", said Eric Shmidt, a Google CEO.
The growth in profit may have been related to the decrease in employee headcount but Google advertisers also reported a signifigant increase in overall numbers from last year.
If Google is improving I wonder what businesses will follow suit.
Photo Credited to Google
By Tessa Leone
The latest musical instrument to hit the market...your i Phone? A new application called ZOOZbeat allows you to make music from your phone and upload it to the web. Quick flicks of the wrist create higher notes and gentler slower movements produce low tones. You can select multiple instruments and rhythms from the program to create a totally unique sound thats all your own.
" You don't have to know anything. You go in there and click on it and you're playing guitar chords", said John Sheridan, a ZOOZbeat musisian from Florida.
A recent update to the program also allows users to 'toss' beats from phone to phone and share songs.
The application can be downloaded from Apple and costs a $3. It is revolutionary design also allows actual musicians to download keyboards and scales right to their phone. What will Apple think of next?
Photo Credit to CNN
By Zach Jevne
Over the weekend, 60 Minutes ran a story about the effects of concussions in football players that was very similar to a story featured on Dan Rather Reports six months ago.
The Rather story, which aired on HDNet, featured interviews with ex-New England Patriot Ted Johnson, who suffered concussions and the side-effects from them. He was also seen on 60 Minutes retelling the same stories.
The three other people Rather interviewed, a neurosurgeon, a doctor, and a father of a player, were also used in the 60 Minutes piece.
This is not only interesting in the fact that 60 Minutes is using a piece that features nearly all of the same sources, but that they are following Rather's footsteps. CBS and Rather have had a very public falling out, including a $70 million lawsuit filed by Rather.
In the lawsuit, Rather said that after stepping down as news anchor on March 9, 2005, CBS News essentially buried him at 60 Minutes. His court complaint said, "CBS provided very few assignments...and did not permit him to cover important stories."
Feature stories are sometimes recycled in the news business, but its interesting that this concussion story was covered by Rather at HDNet, a cable network, and then six months later it appears on the network show he used to work for.
(Photo Credit: Jim Wallace)
Read more...by: Amy Johnson
Countless college students use Facebook as their means of procrastination. It appears that not only are college students doing this, but people of every age.
Twitter has also exploded onto the social networking scene, joining Facebook as one of the top five social networking sites on the Internet. Both Facebook and Twitter have been on a roll this year with Facebook adding its 300 millionth user in September.
Myspace Inc.'s business took a major fall, but still found itself in second place among the social networks. Tagged is in third place.
In computer lab's all around Simpson, one can easily notice that most students may be working on a project or paper, but Facebook is also up in a different tab.
“There are so many more advertisements on the sides of my Facebook, and I find them very distracting,” junior Amy Brandt said. “The topics seem to be ridiculous too.”
Perhaps if the top advertisers on television would start putting ads on Facebook that might benefit people, they would sell more of their product. Judging by the statistics in this article, advertisers would see an increase in sales.
(Photo Credit: Jay Cameron)
By Brianna Carlson
The "Jay Leno Show" is now two weeks into its new season. NBC is questioning if it was a correct choice to present the show five nights a week at 10 p.m.
"Law & Order SUV" has suffered since it was moved from Tuesdays at 10 p.m. to Wednesdays at 9 p.m. It was the leading drama when played on Tuesdays, but now it turned up last due to the change.
"The Tonight Show" has been a major hit and strength for NBC, but now they no longer are ahead of the competition, CBS.
Jay Leno has been doing everything NBC asks for his show. About five million viewers ages 18 to 49 watch Leno's show each night which allows advertisers to reach the group they want.
NBC only has two main shows now, "The Biggest Loser" and "The Office."
(Photo Credit:wikimedia)
By Taylor Finch
This weekend, the White House communications director, Anita Dunn, announced that they would no longer be doing news exchanges with Fox News.
Dunn explained to the New York Times that "Fox News often operates almost as either the research arm or the communications arm of the Republican Party" and that it is "pointless" to try to convince Fox News to portray the Democratic Party fairly.
Isolating Fox News is a good way to make a stab at them for good short-term affects, but there are a few negatives that could have lasting affects on President Obama's reputation.
By giving up on Fox News, it will give the network's speakers, such as Glenn Beck, even more power to sway moderates into joining the Republican view. If Obama himself does not follow up on these certain comments and attempt to correct them, Fox News watchers will forget to acknowledge his side completely.
Fox will simply use this war with the White House to boost their ratings by picking on Obama and make him look weak.
Obama does not have to necessarily put up with the unfair treatment of Fox News, but adding fuel to the fire by running away probably would not help either. This is clearly a lose all situation for the White House.
(Photo by: chattahbox.com)
By Keri Waterhouse
U.S. President Barack Obama won the Nobel Peace Prize because of his healthcare reform plans.
Shortly after word of it got out, social networking sites like Twitter and Facebook users were updating their status' and tweeting.
Half of the topics on Twitter were about the Nobel Peace Prize and Obama.
On Twitter, the opinions were seperated between those who think Obama is a worthy recipient, and those who wonder how he even won the prize having only been in office not even a year yet. Many tweeters think he should refuse the prize.
If he is going to be awarded this known prize, hopefully it is for all the right reasons. I hope that in the end it won't be a mistake.
http://www.cnn.com/WORLD/
By: Mallory Tandy
USA Today's sales drops 390,000 copies, 17 percent less than the usual. This decrease in sales will possibly threaten USA Today's No. 1 spot as the most favored newspaper in the country. The newspaper was expecting to decrease in sales because of the price increase last December.
The president and publisher of USA Today,David Hunke, says that there has been a decrease of around 100,000 in airports and newspaper racks. People are also not getting the newspaper delivered to their home which serves as a large impact of sale for USA Today.
Staff at USA Today are not getting too worried, they are staying positive and claim to have a good plan to jump back from this low point for the newspaper.
I don't think any newspaper that has been doing poorly in sales as of late will get any better if the economy stays the way it is right now. I think newspaper sales will keep decreasing in time.
By Ryan Franker
Microsoft and Google are battling it out to see which one is the best search engines out there and to see which one has the best online news. The president and CEO of Associated Press, Tom Curley, said he believes that the battling between who has the best search engine sites will bring a more profit to the media industry.
Just this past July, Microsoft decided to team up with Yahoo! and go against Google. Microsoft wanted to give Google a run for their money, on which company could dominant the online news search engine.
Curley would like to see a way of getting the money back that is being lost due to these online news search engines. He believes that Microsoft has an edge over Google, but he refused to criticize Google on the improvements that are being made to its site.
Microsoft plans on improving how reliable the news sources are, which Curley thinks it would benefit the media. The company is coming up with a new way to search. The link would be an image galleria rather than the normal text links.
He hopes this improvement is going to enhance the readers' experience of reading news online. He thinks this improvement will happen within the next three to fifteen months.
(Photo Credited: flickr)
By Taylor Finch
By Brianna Carlson
By: Mallory Tandy
Eric Schmidt, the CEO of Google denies claims that Google is the cause for the decline in newspaper sales. In fact, Schmidt thinks it is Google's moral responsibility is to help the newspaper industry. He would like Google to start experimenting with ways of reading the news that has not been tried yet. Schmidt thinks this might help the news industry.
I think it is ridiculous that people are trying to blame Google for newspaper sales declining. Google is a search engine made to help find things.
By Laura Reid
The CBS network has found a great way to cover world news. They have joined forces with GlobalPost, a foreign news Web site whose correspondents consist of freelance journalists.
Many news networks have been trying to find a way to cover foreign news, and CBS seems to have found a way to have better and faster news delivered to their readers.
In the early stages of this partnership, GlobalPost will only be involved in getting the information from their freelance journalists to CBS, where its journalists and reporters will broadcast the news to viewers.
GlobalPost has no problems attracting viewers to its site, which makes a good partnership for CBS, one of the four top networks on television.
I think this partnership is definitely a good start for expansion of news media in getting better global news to the nation. CBS has really taken action in the transition into the web, and with GlobalPost being such a huge foreign News site with freelance journalists, they have more of an inside scoop of what is going on in the world. Their freelance journalists will probably find stories that normal news journalists wouldn't even think are newsworthy. That is definitely a plus.
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