By Sammy Pollack:Over the past decade, few industries have suffered more than the newspaper industry. However, as shown by the chart below, over the past year shares of Gannett Co Inc (GCI), publisher of the USA Today, and New York Times Co (NYT), publisher of the New York Times, have rallied sharply.
The New York Times said advertising trends have improved in the fourth quarter and that it expects a less severe 25 per cent decline in print advertising revenue and a 10 per cent improvement from online ad sales
Canada’s largest chain of big-city English-language daily newspapers is eliminating the role of local publishers at its papers as part of a move to centralize more of the company’s business operations.
Postmedia Network Canada Corp., which owns the National Post and nine other major English-language dailies, announced the move in an internal memo to employees Tuesday.