It’s refreshing to read some reasoned thinking about the future of newspapers that does not come from
The Financial Times is not the first place that anyone thinks of to search for things, at least in the Internet sense. That’s not to say that the FT isn’t interested in changing a few perceptions. The Pearson-owned paper, or more specifically, its Web operation Rather: The Pearson-owned FT Group is launching a business news search engine designed to get past the idea of relying on keywords to search for important infomation. The idea, boiled down, is that a business search engine is more likely to give you the results that you want than a massive search engine that yields results for people in every walk of life.
Thomson Reuters Corp, the company that employs me and runs this blog, posted fourth-quarter financial results on Tuesday. My colleague and I wrote them up for the wire, and you can see them here. Meanwhile, here’s something that didn’t make it in to the story that we wanted to share.
The largest U.S. newspaper publisher and owner of USA Today, the nation’s biggest-selling daily paper, is slashing payroll just in time for the holidays. We read about layoffs everywhere these days, but if you want to see the slow-motion car crash version of how Gannett is doing it, look to Gannett Blog, run by former company reporter Jim Hopkins.
It’s not every day that we can work in obscure Nick Lowe album titles into our blog headlines, so it’s particularly gratifying when pop music trivia finds a golden opportunity for use after sitting around in our heads for years.
Business news analysis service Breakingviews.com isn’t doing too shabbily since getting the boot from its longtime space in The Wall Street Journal. Not long after that happened, it wound up in The New York Times and its sister paper the International Herald Tribune, as well as the Daily Telegraph. (And occasionally it shows up in the Journal through the miracle of advertising.)
It looks like The Guardian was the first to report that the Financial Times would cut up to 60 jobs in its editorial library and managing editor’s office, as well as its advertising sales, finance, IT, conferences and marketing departments. The Guardian might have overplayed things a bit, as we hear no one has decided on final numbers and that plenty of cuts could come through leaving some jobs unfilled and various other humane means.
Some interesting points from a weekend opinion piece by Financial Times Editor Lionel Barber.
Barber analyzed how the press — particularly in the United States — got to the miserable place that it’s in now. There are plenty of reasons having to do with business models and impatient Wall Street vultures, but Barber brought up an interesting idea: the mainstream media disenfranchised itself from the public’s trust as it became more cozy with its high-level sources — precisely at the time that the Internet started to annihilate the U.S. newspaper business model.