The Future of Print

The Final Countdown: Print Media Has 60 Days To Get On Their Life-Saving Apple iPad

Posted in Boom by futureofprint on January 27, 2010

Newspapers and print media have been waiting for the Apple tablet to save them for the past two years.So, here it is guys. Rev your creaky wheels. You have two months–just 60 days–to recreate your content for the Apple iPad.Apple will ship to consumers starting in March, with 3G models coming later in April.The New York Times, Condé Nast, Hearst and Time have already gotten started. But their prototype applications will need to be edited for the iPad’s specs–or maybe they just need to make better Web sites.

via The Final Countdown: Print Media Has 60 Days To Get On Their Life-Saving Apple iPad.

S&P: Newspaper Industry Nearing the Bottom in 2010, Will Likely Stay There

Posted in Boom by futureofprint on January 26, 2010

NEW YORK The financial outlook for Q4 of 2009 and beyond is not looking so sharp as traditional media — especially newspapers — are expected to suffer from an economic downturn despite easing comparisons.

Standard & Poor’s latest media and entertainment scorecard, courtsey of Seeking Alpha, forecasts newspapers may be nearing the bottom, but will likely stay there. Local media as well as national magazines will experience further EBITDA declines though at decelerating rates.

S&P notes that while the last part of 2009 should “bring easier year-over-year financial comparisons … the credit outlook is still grim for these issuers, and we think that even the first quarter of 2010 could still see lower revenues and earnings.”

via S&P: Newspaper Industry Nearing the Bottom in 2010, Will Likely Stay There.

Another Analyst Turns Bullish Sort Of On Newspaper Stocks

Posted in Boom by futureofprint on January 18, 2010

NEW YORK Newspaper stocks have come back so far from their parlous state a year ago that the sector now ranks among the market’s best performers, the chief analyst for Zacks Investment Research Inc. says in his latest report.Zacks Chief Equity Strategist Dirk Van Dijk says newspapers now rank seventh-best among 206 industries tracked by the Chicago-based firm. Two stocks — Gannett Co. Inc. NYSE: GCI and The New York Times Co. NYSE: NYT — are now given No. 1 ratings in its stock evaluation system.Newspaper stocks across the board are trading at or near 52-week highs, and some have rebounded spectacularly since hitting all-time low prices in the winter of 2009.Gannett’s share price, for instance, is up 103% from a year ago. Stock in The McClatchy Co. NYSE: MNI sunk below $1 a share last year, and only narrowly avoided being delisted by the New York Stock Exchange. A year later, McClatchy shares have soared 322%.Still, newspaper stocks remain near historic lows. McClatchy shares in January of 2005, for instance, traded for around $60. On Wednesday, McClatchy shares closed at $5.06.

via Another Analyst Turns Bullish Sort Of On Newspaper Stocks.

Local newspapers still number one for news

Posted in Boom by futureofprint on January 11, 2010

More local news comes from newspapers and their websites than from television, radio or online-only news sources, ABC News reports.

A study by the Pew Research Center’s Project for Excellence in Journalism looked at one week of local news reporting across 53 media outlets in Baltimore during July last year. It found that for six major stories, 61% of original reporting or new information came from newspapers and their websites. By contrast, 28% came from local television stations and their websites, 7% for radio stations and 4% for online-only publications.

Although local television produced slightly more content than newspapers, fewer of the stations’ stories contained original reporting. Content often included information obtained from other media, primarily newspapers.

“This study does suggest that if newspapers were to disappear, what would be left to aggregate?” director of the Project for Excellence in Journalism Tom Rosenstiel said.

via Local newspapers still number one for news – Editors Weblog.

Hyperlocal sites becoming major M&A targets (Dealscape – M&A)

Posted in Boom by futureofprint on January 6, 2010

While newspapers have been decimated by the economics transforming today’s media industry, Web sites that report news and deliver other content at the neighborhood, or “hyperlocal,” level, are bursting with life, with many of them becoming sought-after targets by big media and big tech companies. In December, Google Inc. (NASDAQ:GOOG) tried — and failed — in its reported $550 million bid to buy Yelp Inc., a user-generated review site that has raised $31 million from investors including Bessemer Venture Partners, Benchmark Capital and DAG Ventures since its inception in 2004.

Successful acquisitions in the sector in 2009 included MSNBC.com’s buying EveryBlock.com for undisclosed terms and AOL Inc.’s (NYSE:AOL) purchases of Patch Media Corp. and Going Inc.

Meanwhile, hyperlocal startups continued to get funded. In December, Outside.in Inc., which pulls together neighborhood blogs and other local content, announced it had closed a $7 million Series B round of funding, led by existing investor Union Square Ventures, with participation from new investor Turner Broadcasting System Inc. As part of Turner’s investment, CNN.com will use Outside.in’s aggregation and curation tools to power hyperlocal news across all of its sites. The new round brings Outside.in’s total raised to $12 million.

via Hyperlocal sites becoming major M&A targets (Dealscape – M&A).