Raw Data

More bad news for print journalism:

The news at Newsday went from bad to worse yesterday, as the parent Tribune Co. revealed that the paper’s circulation totals were inflated over a longer period and at higher levels than it admitted last month.
To deal with the damage, Tribune Co. laid aside $35 million to cover anticipated settlements with advertisers.

The pre-tax charge helped erode Tribune’s quarterly profits by a whopping 58%.

James Marsh, a media analyst with SG Cowen Securities, said the circulation trouble is frustrating “because it seems to be an issue that won’t go away.”

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Meanwhile, thousands (hundreds of thousands? millions?) of blogs continue to allow their SiteMeter hit counters to be seen by anyone.

NOTE: Accountability isn’t that tough, Big Media. Just, you know, be honest.

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