Thursday 8 November 2007

Lee Enterprises profits up 83%, online ad revenue up 60%

U.S. publisher Lee Enterprises unveiled its strong growth in the third quarter, despite a continued slowdown in real estate advertising and struggling circulation.

The net income of the third quarter rose 83 percent to $19.9 million compared to $10.9 million a year ago. Revenues for the period last year went up moderately, from $216 million to $219 million, which represented a 1.4 percent gain.

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UK’s Heartland Evening News switches to morning

The Heartland Evening News, the 5,123-circulation title based in Nuneaton, UK, is switching to become a morning daily and giving up a taxi service that used to deliver some afternoon copies.

“More and more newspapers are taking this route, and we are aware that people want the paper out on the streets earlier,” said Tony Parratt, the paper's editor, Press Gazette reported.

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Newspaper merger causes layoffs

The Sun-Times Media Group will lay off 20 full-time and 11 part-time editorial staffers from the Daily Southtown in Tinley Park, Illinois, a Chicago suburb.

The layoffs are due to the merger of the Daily Southtown with Star publications, a twice-weekly paper.

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U.S. readers continue to trade print for online

Circulation slumps across the United States continued throughout the spring and summer, as overall industry sales fell almost 3 percent compared to 2006, The New York Times reported Thursday.

The declines are a sign that readers are increasingly trading in print newspapers for the Internet, where readership is climbing, as well as a strategy many newspapers are undertaking to rid themselves of unprofitable or slightly profitable print circulation, the Audit Bureau of Circulations reported.

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