From the bearish forecast department: Screen Digest, a media research firm, issued an outlook today predicting a 5 percent decline in online advertising in 2009. Folks, we’re not talking about newspapers or network television or radio here. We’re talking about the Web.
While we were at The Cable Show last week, Comcast filed a documents with securities regulators detailing its 2008 executive compensation. The filing showed that Chief Executive Brian Roberts received $23.7 million in 2008 up from $20.8 million in 2007 but below his 2006 payout of $26 million.
A Facebook friend of mine chastised me on Thursday after reading my story about salary reductions at The New York Times and buyouts at The Washington Post. He wanted to know why I hadn’t found anything positive to write about newspapers in a while.
As we reported earlier on Thursday:
NEW YORK (Reuters) – Two of the most respected U.S. newspaper publishers, The Washington Post Co and The New York Times Co, are embarking on new cost cuts in the face of dramatic declines in advertising revenue.
Editors think it’s the kiss of death to include words like “still” in headlines and “continued” in first paragraphs. It’s like admitting to readers that you didn’t have anything new to report. So why do I say that The New York Times is still thinking about making people pay to get news on its website? Because Times Executive Editor Bill Keller told readers on Tuesday that the Times is still thinking about doing this — and that made for a lot of news.
The New York Times confirmed this morning that it’s looking to get rid of its stake in the Boston Red Sox baseball team, something previously reported by a number of news outlets.
Wall Street analysts pestered new Yahoo CEO Carol Bartz with all kinds of questions during her first quarterly earnings call, and she answered as candidly as she could, frequently pointing out the fact that she’s still learning the ropes and getting to know the business.