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Tag: industry news

Speaker Ben Lujan’s Bill Could Exacerbate Newspaper Woes

What are already hard times for New Mexico newspapers could get worse under a bill sponsored by House Speaker Ben Lujan, D-Nambé.

House Bill 895 would allow the publication of legal notices via television or radio in addition to newspapers. Currently, such notices must be published in newspapers, and that’s a major source of revenue for a struggling industry. Craigslist, which publishes classifieds online for free, has already taken lots of other classified advertising revenue from newspapers, and many papers’ classifieds are now anchored by legal notices.

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Seattle Post-Intelligencer Stops Printing, Goes All-In Online

The Seattle Post-Intelligencer publishes its last dead-tree edition Tuesday, the latest newspaper to succumb to the harsh realities of an internet economy where delivering bits is an increasingly inefficient way of delivering the news.

News of the P-I’s decision to publish in online-only was telegraphed for weeks, and it follows the decision of the Rocky Mountain News to shutter completely, the Christian Science Monitor to publish online only starting next month and deep concessions by staff at another Hearst newspaper, the San Francisco Chronicle, to keep that newspaper afloat.

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Schibsted Says May Seek Classifieds Partner

OSLO, March 16 (Reuters) – Norwegian media group Schibsted (Oslo: SCH.OL) may sell some assets or look for a partner for its Classified Media unit as it seeks to raise fresh capital, its chief said.

Chief Executive Kjell Aamot said in an interview with the company’s Aftenposten newspaper published on Monday that turning to shareholders for a capital injection was low on the company’s priority list though that also remained an option.

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Shaping the Future of Classifieds Workshops

“Shaping the Future of Classifieds” will take place in Tallinn, Estonia (EU) on 13-16 May 2009.

Altex and Trinidad Consulting have been commissioned to deliver two workshops at this international conference organised by the International Classified Media Association.

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Scripps Adopts AdPay Classified Ad Platform

NEW YORK The E.W. Scripps Company has chosen AdPay Inc. to provide Scripps with a new print and online classified-ad platform for users of their newspaper Web sites.

According to Rusty Coats, vice president/interactive for Scripps, there was an immediate need to simplify and better integrate the print and online marketplace. Scripps expects its 19 newspapers to be live on the AdPay platform by June 1, joining hundreds of other media Web sites as partners in the AdPay national classifieds network.

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Newspaper Ad Sales Down? Fire Ad Staff!

The Boston Globe, the revenue-challenged sibling of The New York Times, is laying off employees as it copes with a decline in advertising revenue made only worse by the recession. The thing is, it’s laying off advertising staff.

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Fastest Growing Job Site on the Internet Chooses SupportSave

BOCA RATON, FL and CEBU CITY, PHILIPPINES – SupportSave Solutions, Inc. (www.supportsave.com) (OTCBB: SSVE), a provider of Business Processing Outsourcing (“BPO”) services, has been selected by a leading jobs website to provide back-office support.

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Axel Springer Achieves Highest Profit in Company History

German publishing group Axel Springer AG said Wednesday it recorded its highest net profit ever in 2008, rebounding from a loss in 2007, when earnings were hurt by write-downs.

The Hamburg-based publisher of Germany’s Bild daily, the country’s largest circulation newspaper, booked a net profit of €571 million ($719 million) in 2008, compared with a loss of €288 million in 2007. The loss in 2007 was related to a write-down for the company’s stake in the PIN Group, a mail service joint venture Axel Springer had undertaken with other publishers.

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LiveDeal, Inc. Announces Continued Progress Toward Customer Transition

LAS VEGAS “” LiveDeal, Inc. (NASDAQ: LIVE), which combines Internet classifieds, Internet Yellow Pages directory and local customer acquisition services for small businesses, announced today that it has sold approximately 14,000 customers from the company’s directory business for approximately $3.1 million.

“As we have made clear in our previous announcements, this transaction represents the next step in our plan to transition LiveDeal away from our traditional listing business toward our emerging suite of Internet customer acquisition services,” said LiveDeal, Inc. Chief Executive Officer, Mike Edelhart.

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ForWant.com Selects Oodle Classfied Network

IRVINE, CA – (OTCBB: FNGP) – ForWant.com, a FREE Classified Network, announced that it has selected Oodle (www.oodle.com) to power its classified network. Oodle, which operates the largest network of classifieds services in the U.S., provides buyers access to more than 40 million listings aggregated from more than 80,000 different sites.

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McClatchy to Cut 1,600 Jobs, Salaries

The McClatchy Co. said Monday it will cut about 15 percent of its work force, or 1,600 full-time jobs, as part of its restructuring.

Sacramento-based McClatchy (NYSE:MNI) is the third-largest newspaper company in the United States, with 30 daily newspapers, approximately 50 non-dailies, and direct marketing and direct mail operations. In Washington state, its papers include The News Tribune (Tacoma), The Olympian, The Bellingham Herald and the Tri-City Herald. McClatchy also owns 49.5 percent of The Seattle Times.

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InovaHire.com and The Resume Group Join Forces to Help Job-seekers Succeed in a Tough Job Market

KANSAS CITY, MO, March 09, 2009 (24-7PressRelease) — The Resume Group has announced they have formed a new strategic partnership with InovaHire.com.

The alliance between the two companies will give InovaHire.com a way to help candidates increase their competitive edge with high-impact resumes and cover letters to help them stand out in a crowded job market. “We’re thrilled to to offer this kind of service to job-seekers,” says Tanya Willette, Founder and Principal of InovaHire.com. “We’ve made The Resume Group one of our Trusted Partners because they provide services that go way beyond a resume and cover letter. They go the extra mile to provide the resources job seekers need to succeed in a tough economy.”

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