The Lake Norman Times will cease publication April 15, the newspaper reports on its Web site.
Womack Publishing Co. Inc., which founded the weekly newspaper 17 years ago, cites the recession and declining advertising revenue.
Subscribers will receive prorated refunds, as will advertisers with multi-week contracts.
Virginia-based Womack Publishing owns and operates 15 community newspapers in North Carolina [...]
Entries Tagged as ‘Newspaper Associations’
April 3, 2009
Lake Norman Times to cease publication
March 24, 2009
Charlotte Observer to cut jobs, reduce pay, hours
The Charlotte Observer is eliminating almost 15 percent of its work force, including 30 newsroom positions, while reducing the pay of most remaining employees.
The newspaper also plans to cut the hours of some workers. If economic conditions don’t improve, the McClatchy (nyse: MNI – news – people )-owned paper said Monday that a one-week furlough [...]
March 16, 2009
Newspapers: DOA in 2009?
We’ve been reporting the demise of newspapers now for a long time.
And, while it’s been very clear that unless the papers made radical changes to their business model they would go bankrupt – we didn’t expect it to happen THIS YEAR!
In fact – 2009 may be the final year of major newspaper circulation as we’ve [...]
January 16, 2009
Newspapers in Crisis: Migrating Online
According to eMarketer.com, the outlook for newspaper publishers is grim. Their business model is broken and advertisers are bailing. Newspaper advertising revenues in the US declined 16.4% in 2008 to $37.9 billion. By 2012, spending will slide to $28.4 billion. Is there hope for this proud medium?
Newspaper circulation continues to deteriorate as people increasingly go [...]
January 8, 2009
How Newspapers Tried to Invent the Web
A moment of sympathy, please, for newspapers, whose readers and advertisers have been fleeing at a frightening rate.
It would be easy to accuse editors and publishers of being clueless about the coming Internet disruption and to insist that the industry’s proper reward for decades of haughty attitude, bad planning, and incompetence is bankruptcy.
But [...]
September 3, 2008
Can Local Web Ads Save Newspapers?
In doing research on how traditional newspapers are performing in the United States, I came across this article – interesting stuff. In summary, audience shifts from newspaper to online for everything from local news to classifieds has had a devastating effect on bottom line revenues. Some of this revenue loss is being offset by newspaper’s [...]
August 28, 2008
Newspaper Revenues Are Plummeting As Attention Moves Online
November 21st, 2007
The latest numbers from the Newspaper Association of America show that newspaper advertising revenue is plummeting as attention and ad dollars move online.
The numbers are downright ugly:
Total advertising expenditures at newspaper companies were $10.9 billion for the third quarter of 2007, a 7.4 percent decrease from the same period a year earlier.
Spending for [...]
