Print: Tribune Bankrupt, Ad revenue plunge

From Rintini

Media giant Tribune Co., saddled with billions in debt since it became a privately held company last year, filed for Chapter 11 bankruptcy protection in a Delaware court this afternoon, becoming the first major newspaper or chain to declare bankruptcy in modern history. (Washington Post)


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Total print and online newspaper advertising revenues plummeted to $8.92 billion in Q3 2008, an 18% drop of nearly $2 billion from Q3 2007, and a 6.9% drop from Q2 2008, according to figures released by the Newspaper Association of America. (MarketingCharts)


Similar blog posts: International Herald Tribune to shut down and Australian job ads drop 21%

Oh, and I’m back from holidays. By the way, when did David Kirk, CEO of Fairfax resign? o.O when I was riding camels in Broome? He had a tough job, I didn’t envy him at all. Fairfax has a corporate culture oblivious to change or die. Yeah yeah he sacked a bunch of staff. But tell me you wouldn’t do the same, in the same position?

Laurel Papworth

Named by Forbes™ Magazine in the Top 50 Social Media Influencers globally, named Head of Industry, Social Media (Marketing Magazine™) and in the Power150 Media bloggers (AdAge™). CERT IV Training and Assessment certified trainer (Diplomas and Certificates etc) Adult Education. Laurel has manager Facebook Pages for Junior Masterchef, Idol, Big Brother etc. and have consulted on private online communities for banks Westpac, not for profits UNHCR & governments in SE Asia. Lecturer, social media, University of Sydney for 10 years and Laurel has 11,000 online students. Laurel Papworth personally connects to 6 million followers online and has taught around 100,000 people in the last 10 years how to be social media managers.

One thought on “Print: Tribune Bankrupt, Ad revenue plunge

  1. When you see how much trouble national papers are in, you really don’t hold out much hope for the regionals, which are doing an astoundingly bad job in competing with Internet media.

    For example, something I blogged about yesterday, most regionals in the UK (and can’t imagine it is different in Aus, US etc) have less than 100 RSS subscribers…less than subscribe to this and thousands of other blogs


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