News Corp.'s stock closed moments ago at $17.98, down 62 cents a share, or 3.3%, as newspaper stocks swooned during a day when markets overall fell on worries over Europe's growing debt crisis.
The news stocks were hit harder, however. Gannett closed at $17.54, down 6%. Shares in the New York Times Co. fell more than 7.3%, to $10.45. The S&P 500 Index, a broader measure of overall stock market activity, fell 2.3%. The Dow Jones Industrial Average closed down 213 points, or 1.9%, Google Finance says.
Tuesday, April 27, 2010
Monday, April 26, 2010
As battle heats up, WSJ continues circ gains on NYT
The Wall Street Journal eked out a small circulation gain during the six months ended March 31 from a year ago, an industry group report says today, as the daily racheted up its competition with The New York Times with a new section devoted to New York City.
The Journal topped this morning's Audit Bureau of Circulations list of the nation’s largest-circulation daily newspapers, trade journal Editor & Publisher is reporting. The WSJ was the only daily among the 10 largest to gain circulation in the latest six-month period, E&P says.
The third national daily, USA Today, continued to see its circulation drop, although losses moderated from the the previous six-month period.
Top three dailies
USAT remained No. 2 among the 10 largest, E&P says:
The Wall Street Journal
The Journal topped this morning's Audit Bureau of Circulations list of the nation’s largest-circulation daily newspapers, trade journal Editor & Publisher is reporting. The WSJ was the only daily among the 10 largest to gain circulation in the latest six-month period, E&P says.
The third national daily, USA Today, continued to see its circulation drop, although losses moderated from the the previous six-month period.
Top three dailies
USAT remained No. 2 among the 10 largest, E&P says:
The Wall Street Journal
- March 31, 2010: 2,092,523
- March 31, 2009: 2,082,189
- Change: +0.5%
- 1,826,622
- 2,113,725
- -13.58%
- 951,063
- 1,039,032
- -8.47%
Wednesday, April 21, 2010
Money launderers and counterfeiters, beware
"This note incorporates the best technology available to ensure we're staying ahead of counterfeiters."
-- U.S. Treasury Secretary Timothy Geithner, in remarks today as his department unveiled the newest design for $100 bills, in a story that's now the most popular on The Wall Street Journal's website.
Tuesday, April 20, 2010
Dow Jones lawsuit claims 'brazen' content theft
Dow Jones & Co. says in its suit today against Briefing.com that in just one two-week period, the investment website copied a "substantial portion" of at least 100 articles, and republished more than 70 headlines within three minutes of their initial publication on Dow Jones Newswires. The complaint claims Briefing.com cut and pasted Dow Jones content and included the pirated material in its cheaper product, according to a just-moved story on The Wall Street Journal.Related: News Corp.'s statement about the suit
Tuesday, April 13, 2010
AdAge says NYT's new online biz page is the latest gambit to grab readers, advertisers from rival WSJ
The online section front has been rebuilt, starting today, to more closely resemble a home page, trade publication Advertising Age says, "complete with the top-left and top-right 'rabbit ear' ad units traditionally limited to the paper's standard home page; an automated "latest news" box on the top-right with stories from the Times and other sources such as Reuters and the Associated Press; a frequently updated river of news down the left column; a center column highlighting analysis; and Times blog posts wherever they may fit in the news or insight columns."Related: NYT Co.'s press release on the makeover
Monday, April 12, 2010
WSJ shut out of Pulitzers, as rival NYT wins three
The New York Times today won three Pulitzer Prizes, in a 2010 competition that saw a new generation of online journalists elbowing their way into the industry's highest honor.Notably, the Times' surging competitor -- The Wall Street Journal -- failed to win a single prize.
The NYT won for explanatory reporting and for national reporting. Plus, the Times's Sunday magazine tied for the award in investigative reporting with with the Philadelphia Daily News. The magazine's work was in collaboration with ProPublica -- a new, non-profit website devoted to investigative journalism. (So, in fact, maybe the NYT won just 2.5 Pulitzers.)
In a new post, the New York Observer says: The WSJ, which was once a Pulitzer-hoarder under former top editor Paul Steiger, "once again goes home empty-handed." The paper has not won an award since April 2007, and this brings the Journal's Pulitzer count in the Rupert Murdoch era to a grand total of zero, the Observer says.
Related: the complete list of 2010 winners. Plus, the WSJ's account of the awards
Thursday, April 8, 2010
In NYC rivalry, WSJ has 'uphill battle' against NYT

[News Corp.'s Rupert Murdoch, NYT Co.'s Arthur Sulzberger Jr.]
That's according to New York Magazine, which compares The Wall Street Journal's roster of reporters in its about-to-launch New York City Bureau to the established team at The New York Times. "Even accounting for slight differences in assignment (the Journal city room will cover only New York, whereas Times city reporters must also do national reporting on their beat), the staff numbers say Murdoch has an uphill battle,'' the magazine says today. It lists reporters known to be devoted to each team. "As you can see," the magazine says, "in nearly every beat, the Times already has two reporters in place for each one of the Journal's."
Friday, April 2, 2010
Program note | I'll be offline most of today
I'll do my best to read your e-mail and post your comments, as I get only rare Internet access throughout the day.
Thursday, April 1, 2010
In early iPad reviews, good to 'game changer'
Among those published today for Apple's new tablet -- being released Saturday -- most influential-of-all technology reviewers Walter Mossberg of The Wall Street Journal raved: "I believe this beautiful new touch-screen device from Apple has the potential to change portable computing profoundly, and to challenge the primacy of the laptop."
The iPad is priced from $499 to $829, depending on features including whether it's equipped for Wi-Fi only, or fully mobile connections via AT&T's network. Here's a roundup, plus videos, with emphasis on the iPad's potential for helping publishers.
Mossberg
He writes: I was able to try a pre-release version of The Wall Street Journal's new iPad app (which I had nothing to do with designing), and found it gorgeous and highly functional -- by far the best implementation of the newspaper I have ever seen on a screen. Unlike the Journal's Web site, or its smart-phone apps, the iPad version blends much more of the look and feel of the print paper into the electronic environment. Other newspapers and magazines have announced plans for their own, dramatically more realistic iPhone apps.
David Pogue, The New York Times
He writes: There’s an e-book reader app, but it’s not going to rescue the newspaper and book industries (sorry, media pundits). The selection is puny (60,000 titles for now). You can’t read well in direct sunlight. At 1.5 pounds, the iPad gets heavy in your hand after awhile (the Kindle is 10 ounces). And you can’t read books from the Apple bookstore on any other machine — not even a Mac or iPhone.
Edward Baig, USA Today
He writes: You can change pages on the iPad by tapping the screen: The page turns naturally, like a book. On Kindle, you have to press physical buttons and wait an instant while the page refreshes. Rotate the iPad, and you'll see two pages side by side. Newspaper and magazine layouts look vastly superior on the iPad compared with Kindle. The iPad is backlit, so you can read in the dark. You have to supply a reading light with Kindle.
Related: iPad reviews in the news
What's your gut feeling about iPad's potential to aid our industry? Please post your replies in the comments section, below. To e-mail confidentially, write jimhopkins[at]gmail[dot-com]; see Tipsters Anonymous Policy in the rail, upper right.
The iPad is priced from $499 to $829, depending on features including whether it's equipped for Wi-Fi only, or fully mobile connections via AT&T's network. Here's a roundup, plus videos, with emphasis on the iPad's potential for helping publishers.
Mossberg
He writes: I was able to try a pre-release version of The Wall Street Journal's new iPad app (which I had nothing to do with designing), and found it gorgeous and highly functional -- by far the best implementation of the newspaper I have ever seen on a screen. Unlike the Journal's Web site, or its smart-phone apps, the iPad version blends much more of the look and feel of the print paper into the electronic environment. Other newspapers and magazines have announced plans for their own, dramatically more realistic iPhone apps.
David Pogue, The New York Times
He writes: There’s an e-book reader app, but it’s not going to rescue the newspaper and book industries (sorry, media pundits). The selection is puny (60,000 titles for now). You can’t read well in direct sunlight. At 1.5 pounds, the iPad gets heavy in your hand after awhile (the Kindle is 10 ounces). And you can’t read books from the Apple bookstore on any other machine — not even a Mac or iPhone.
Edward Baig, USA Today
He writes: You can change pages on the iPad by tapping the screen: The page turns naturally, like a book. On Kindle, you have to press physical buttons and wait an instant while the page refreshes. Rotate the iPad, and you'll see two pages side by side. Newspaper and magazine layouts look vastly superior on the iPad compared with Kindle. The iPad is backlit, so you can read in the dark. You have to supply a reading light with Kindle.
Related: iPad reviews in the news
What's your gut feeling about iPad's potential to aid our industry? Please post your replies in the comments section, below. To e-mail confidentially, write jimhopkins[at]gmail[dot-com]; see Tipsters Anonymous Policy in the rail, upper right.
It's April Fool's Day; watch out for mischief
In the Internet age, it's easier than ever for pranksters to submit fake press releases today, hoping to trick editors into publishing them.
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