Analysts See More U.S. Newspaper Consolidation Ahead
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A wave of consolidation in the U.S. newspaper industry could be on the way as publishers grapple with a maturing industry that faces stiff competition from television and the Internet, publishing experts say.
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Executives told The New York Times the two companies may be set to merge.
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Four major U.S. newspaper chains launched an online advertising network on Friday that will let advertisers book national campaigns through a single point of contact, reaching 50 million people a month across the U.S.Investors include the Tribune, Gannett, Hearst, and New York Times companies, which publish flagship newspapers such as the Chicago Tribune, USA Today, the San Francisco Chronicle, and the New York Times, respectively.The network, QuadrantOne, will let an advertiser place ads on hundreds of Web sites focused on 27 major markets, targeting users by what they are viewing, their online behavior and demographic information.QuadrantOne is most notable for the online players that aren&#39;t participants, such as Google, Yahoo, or Microsoft. This latest move by the newspaper companies may be designed to assert greater control over their print and Web properties.Yahoo reached a landmark revenue-sharing deal&#160;in November 2006 with seven U.S. publishers. Yahoo provides search services, places job ads on its own HotJobs site and sells Web advertising.&#160;The deal was expanded in April 2007, with some 264 newspapers distributing their content on Yahoo&#39;s portal.One of the QuadrantOne&#39;s investors, the Hearst company, is participating in the Yahoo deal.Google&#39;s PrintAds program lets its customers who are already buying contextual Web-based ads to also place ads in 600 daily and weekly U.S. newspapers. Google also offers easy tools for customers to design their own ad that can be uploaded to particular newspaper.The Chicago Tribune, the New York Times and the San Francisco Chronicle participate in PrintAds.If newspapers develop better ways to sell their own online ads, they may not have to share revenue with their Web counterparts such as Yahoo and Google.Online advertising accounted for about $16.9 billion in revenue in 2006 and is expected to rise to $50.3 billion by 2011, according to a December 2007 report from the Yankee Group.The U.S. newspaper industry is in dire straits, in part because of a bumpy U.S. economy, declining print readers and falling print advertising revenue.Critics argue that newspaper companies waited far too long to revamp their businesses with the surge in online publishing and advertising over the last 15 years.Companies such as Google, which has made a fortune in Web-based advertising, have reaped some gains at the expense of newspapers, as advertisers look for cheaper and more targeted ways to reach buyers.Classified advertising, once a bread-and-butter source of revenue for newspaper, has also declined over the years due to advertising boards such as Craig&#39;s List.&#160;
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The Wall Street Journal, which is  being bought by Rupert Murdoch&#39;s News Corp, named a new  Washington, D.C., bureau chief and executive editor as it beefs  up its political coverage and analysis.
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The U.S. Justice Department is scrutinizing proposals by Gannett Co. Inc. and The New York Times Co. to own or invest in rival local newspapers over antitrust concerns, a source familiar with the matter said on Monday.
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Speculation on private newspaper buyouts goes further down the rabbit hole.
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The conglomerate's pending breakup could unlock new-media value.
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U.S. newspaper publishers expected  advertising to rebound this year after a slump of more than two  years. They're still waiting.
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By Dolbeck, Andrew  The media sector has been seeing a fair amount of merger and acquisitions activity lately. Traditional print and broadcast media firms, struggling to compete with new online and mobile media outlets, have been targeted by private equity buyers.
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NEW YORK/LONDON  - Standard &amp; Poor's Ratings Services, a unit of the McGraw-Hill Companies Inc  is set to announce changes to boost the integrity of its research, such as rotating analysts' coverage, newspapers said on Thursday.
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The America Online unit of Time Warner Inc. (TWX.N: Quote, Profile, Research) is reorganizing itself into four operational units to improve decision making, the Wall Street Journal and the Washington Post reported on Tuesday.
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Dow Jones & Co. Inc. and Rupert  Murdoch&#39;s News Corp. are close to a pact that would protect the  journalistic independence of The Wall Street Journal if News  Corp. acquired the media company, according to newspaper  reports on Sunday.
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By Randy Bangert, Greeley Tribune, Colo.  Feb. 25--A newspaper executive recently told The Tribune that the newspaper industry has seen more change in the past year than it experienced in the previous 25 years.
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Media group Tribune Co. is expected to  meet early next week to weigh takeover offers that could split  up the company or take it private, sources familiar with the  situation told Reuters.
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The Wall Street Journal, already roiled by a proposed takeover by Rupert Murdoch, will detail today a major newsroom shake-up, including the reassignment and replacement of several top editors, officials there say.
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2008 is prompting louder talk about a dark turning point for the newspaper industry, which has been besieged by shrinking profits and tumbling stock prices.
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Australia&#039;s newspaper and television markets are preparing for a major shake-up and a wave of mergers after the cabinet reportedly gave the go-ahead for a radical overhaul of ownership laws.