Updated – Aug 28 2009:
Oops. Either it’s time to buy newspaper stock on the theory that it can’t get much worse, or maybe its all over.
Newspapers’ financial woes worsened in the second quarter as advertising sales shrank by 29 percent, leaving publishers with $2.8 billion less revenue than they had at the same time last year.
It’s the deepest downturn yet during a three-year free fall in advertising revenue — newspapers’ main source of income. The magnitude of the industry’s advertising losses have intensified in each of the last 12 quarters.
The numbers released Thursday by the Newspaper Association of America weren’t a shock, given the dramatic erosion mirrored the advertising losses that the largest U.S. newspaper publishers already had reported for the April-June period.
Still, the statistics served as a stark reminder of the crisis facing newspapers as they try to cope with a brutal recession and advertising trends that have shifted more marketing dollars to the Internet.
Aug 21 2009:
As far as I am concerned the parochial print and TV news media can’t die off fast enough. Recently a couple of news items have highlighted for me exactly why journalists are out of touch with the real world – a complete lack of professionalism, disregard for fact checking and suppression of news:
First off: last week much of the shrieking on both left and right concerned a black man who attended a Health Care
rally in Arizona openly carrying an AR-15 rifle, and pistol holstered at his hip. All legal, no threatening gestures made towards anyone in the crowd or anyone else for that matter. In fact judging by the demeanor of those around him, they certainly didn’t perceive him to be a threat least of all to themselves. CNN posts:” Obama at risk from gun-toting protesters?” MSNBC then aired cropped video footage of the same man yet cast him as a white man (36 seconds in), while the talking heads go on about how racist angry protesters might take a shot at Obama.
Apparently the MSM’s memory hole has obliterated any recollection of the New Black Panthers openly sporting shotguns at the 2000 Republican Convention in Houston TX. Where was the concerned pontificating about crazy militias (isn’t that what the Black Panthers are?) endangering the safety of GW? What? There wasn’t any? In last weeks ‘reporting’ there wasn’t even a semblance of impartiality – no mention of similar events – as if the armed protests by the (presumably liberal) Black Panthers had never occurred.
Matt Welch at Reason Online summarises what is happening…..
Meanwhile, I can predict the kind of “hate” that will escape attention by the new desk. It’s the kind that assumes, lack of evidence notwithstanding, that we are always–but especially now that liberal Democrats run the country–on the verge of a race war. It’s the kind that takes a surface look at current events, luxuriates in historically ignorant alarmism, then proclaims that America itself is “delusional,” “irrational,” “hysterical.” You can’t get away with hating a (Democratic) president’s policies, or even a single policy, but hating on the country as a whole for failing to get on board? Well, that’s just journalism!
Secondly: The sound of insects chirping as the MSM with the notable exception of the Wall Street Journal suppresses or at best ignores a ‘good news’ story coming out of the west bank via the International Monetary Fund. It would seem that Palestinians living in the West Bank have won the economic lottery (real wage increases of up to 24% [!] and economic growth of 7%), whilst those lobbing rockets from the Gaza strip have not. Or is it perhaps because security measures put in place by the Israeli’s have put an end to suicide bombers originating in the West Bank, coupled with a desire by Palestinians to get on with their lives, leaving the wreckage which is Gaza to the fascist Hamas? Hmm….
I smell a rodent of unusual size….
Maybe, maybe not… Watch the video and ask yourself, is she or isn’t she? Or do you care?
While I don’t wish ill to the several hundred CBC employees to be axed, the sooner this dinosaur meets its asteroid, the better. The mother corp has long since ceased to represent Canadians, rather forcing a vision of Canada which panders to a particular set of voters matched with barely disguised contempt for any political party other than the Liberals. This coupled with amateurish and frankly embarrassing television content, is it any wonder that advertisers abandoned them in droves? I for one can’t wait for the corpse to give its last shudder and expire. Jay Currie summarises my feelings much better than I can write:
A billion a year to bring Canadians Jeopardy and Wheel of Fortune.
10,000 employees (less today’s 800)…what could they possibly be doing. I mean if you are going to buy syndicated crap you pick up a phone and call the syndicator. Then you write a cheque. Even at government staffing levels that’s a five person job.
Bloated and stupid.
From time to time I’ve written about a clerisy – in the Arnold/Elliot sense. These are irritating people, convinced of their own literary and cultural superiority, the certain truth of AGW, the vileness of America (at least under Bush) and the virtue of Canada. While I may not like them very much, they were the bedrock base of a) CBC-2, b) the CBC in general. Not that they watched television you understand. While plenty other people listened to CBC-2 the clerisy actually saw it as important and, to a degree, went to bat to try to save it. They failed and, in their failure, eliminated the articulate defence of the CBC in general.
It would appear that our troops have been performing admirably in Afghanistan, so the mother corp feels it necessary to lead with a ‘story’ that while not directly damning Canadian soldiers, is meant to lead you to believe that they must be involved somehow.
‘Abusive’ coalition raids stoking anger in Afghanistan: report
The Afghanistan Independent Human Rights Commission has issued a scathing report on the use of air strikes and nighttime raids by international forces in the country.
The report, which was released in Kabul on Tuesday, suggests that NATO is undermining its own mission by stoking resentment in the local population.
My favourite is the Afghanistan Human Rights Commission – did they learn their trade from our ‘world class’ HRCs?
Chopping $200million? Not fast enough!
And yet some people I know, ‘smart’ folks, still believe that Israel deliberately does this sort of thing. Sometimes you just got to make the story fit the preconceived notions……
Thank You Charles Enderlin and France2-
We have to admit we were angry with you for libeling Israel that we wanted to get you to take it back. It wasn’t just anger. We wanted to make it impossible for you to ever release such a tidal wave of violence and blood on us again. After the disastrous aftermath of your al Durah report, so many people suffered and died, we have come to think of you more as a war criminal than just an unethical journalist. Really, we do not feel that you deserve to be thought of as an honorable journalist. Fortunately for us your character flaws have relieved us of the responsibility to attack you. If you had ignored our criticism, let the whole thing drop and not sued anyone you would still be on top of the world today and Israel and the Jewish people would still be blackened by your libel.
Your restless guilt and vanity would not let you do the smart thing, though, and you sued Philipe Karsenty. Only those blinded by self-importance and its underlying insecurity, on the one hand, and driven by a need to deny fault on the other, would have felt the need.
So you showed your weakness and hubris just by filing the suit. Even more important though, from your law suit flowed the healing drama in the French courtroom in March. First, you demeaned yourself by bringing obviously altered tape into evidence into the courtroom. Then you further revealed your self delusion by pretending not to notice the derisive laughter of the gallery or that even the judge who was questioning you was treating you and your evasive explanations with amused disdain.
Now that the judgment is published, Charles, we are very pleased to see that you are going to do your best to help us to help you to complete your self-destruction by taking it to a higher court. We never had the stomach for the dirty fight you are waging we do not like to destroy other people- no matter how richly deserved. We, therefore are especially grateful to you that you have not had the moral fiber to resist you darker instincts and have thereby undertaken to do the job yourself.
We are not character assassins- but we are enjoying immensely watching your character commit a spectacularly public suicide.
Yaacov Ben Moshe,
After the verdict was rendered, Phillipe Karsenty had this to say: “The verdict means we have the right to say France 2 broadcast a fake news report, that [al-Dura’s shooting] was a staged hoax and that they duped everybody – without being sued[.]”