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Tuesday, June 30, 2020

Dinosaurs with ink about to fall



Neiman Lab, a pretentious journalistic subsidiary of the tax-exempt Harvard conglomerate, had some good news: Newspapers face a mass dying this summer.

The story said, "The next 48 hours may decide the fate of two of America’s largest newspaper chains that collectively serve almost a fifth of all American local newspaper readers.

"And what happens in those hours could prompt a wave of other moves across the rest of the industry.

"The dates June 30 and July 1 have called out from the calendar for a while now. On Tuesday, Tribune Publishing will reach the end of two standstill periods. Tribune’s two major shareholders — Alden Global Capital, with 33% of the company’s shares, and Los Angeles Times owner Patrick Soon-Shiong, with 25% — had promised not to actively buy or sell any shares until June 30."

The news is not that these chains of newspapers are going out of business but that they remained in the business this long.

Bigger chains left newspapering a long time ago.

Thomson Newspapers was a Canadian corporation that at its peak owned more than 100 newspapers in Canada, Britain, and the United States. You do not build a multi-billion-dollar corporation by being sentimental. The company's leaders saw the Internet wiping out newspapers.

Thomson started selling off newspapers 24 years ago, divesting itself of these dinosaurs quickly, and reinvesting in business information.

Newspapers became Old Maid cards. The Charleston Daily Mail went from Thomson to Dean Singleton's group of newspapers to the Charleston Gazette, which after a long antitrust battle with the federal government finally shuttered it in 2015. The Gazette (under the Gazette-Mail banner) then went bankrupt, with the Chilton family losing everything in 2018.

As I predicted earlier, covid-19 is the death of many newspapers. Restaurant and movie ads are gone, and classified ads left long ago.

And other media, too, are struggling because their customers -- the advertisers -- are having a tough time.

The New York Post reported, "The corona virus continued to wreak havoc on the advertising market in May, new data shows.

"Last month, US advertising revenue plummeted 31% with the postponement of big-ticket sporting events dragging down big media companies like Disney, owner of ESPN, according to a new report from StandardMedia Tracker, which tracks media spend.

"According to the data, media giants Disney and WarnerMedia logged some of the steepest ad declines last month due to a delay in the NBA playoffs, which typically take place in May and is broadcast by Disney’s ABC and ESPN and WarnerMedia’s TNT.  The lack of the playoffs caused WarnerMedia ad revenue to fall by 45.5% during the month while Disney saw its ad sales dip by 39.6%, the data said."

The call by liberal censors to stop advertising on Twitter and Facebook has much support because it gives cash-strapped companies an excuse to cutback on advertising.

The trust newspapers once enjoyed left years before the advertising disappeared.

After about 40 years of newspapering, one may believe I miss it. I don't. Writers should never write for others. This is fun, and I am closer to readers than ever before.

28 comments:

  1. I miss local papers but they killed themselves

    ReplyDelete
  2. I live about 70 miles south of ft smith. I listen to tulsa classic rock. 130 miles away.
    its often over ridden by ESPN Dallas, 220 miles away.

    ESPN sucks when sports are active.
    ESPN sucks worse when all they do is gossip about the personal lives of their felonious heroes.
    if ESPN sucked any harder, we wouldn't need gravity.

    oannes

    ReplyDelete
    Replies
    1. "if ESPN sucked any harder, we wouldn't need gravity."

      Love that line!

      Delete
  3. Keep up the good work. You are appreciated. And please note that all the better sites are starting to link to yours.

    ReplyDelete
  4. and scribes sucking, and sucking up, is probably the foundational stone of their whole gig.

    their reason for existence.

    as eric hoffer pointed out, if you go back to ancient Egyptian temple paintings, on one side, the peasants, serfs and slaves gathering sheaves and toting bales, pulling Dem barges.

    on the other side, next to the govt overseer with his whip in hand, is the scribe, making marks on papyrus.

    ensuring that he won't be toting bales, or digging frozen potatoes from the ground, as happened in other workers paradises of more recent vintage.

    its so much easier to be a fluffer to those power mongers that wish to rule others.

    oannes

    ReplyDelete
  5. You are closer to the readers (me) than ever before, (There are lots of 'Me's out here) and (Me) watching the odometer click faster and faster every year/month/week/day(and even Sunday when you do NOT post) is extremely gratifying to see. Thanks for having fun (writing).

    ReplyDelete
  6. I suggest reading the book "The Power Elite". A 1956 book that will be a primer for all the things going on now.

    ReplyDelete
  7. Mr. Surber is right as he was a master back in Real News Days. Now To get real news is to read this site as well as the sites that are being removed by the Cabal. Sites such as The College Fix and Freedomaincom

    ReplyDelete
  8. Jeff Bezos, call your office. More of your seemingly bottomless supply of money is needed to prop up another failed business model. Go for it, bald man.

    ReplyDelete
    Replies
    1. When Bezos started out his was a brilliant idea. Moving forward in to his present was only possible with the help of the Deep State. No one gets to this point without the blessing of the Cabal.There is a True saying that every great fortune begins with a Crime.

      Delete
    2. Yes, it's from Balzac and the mark of an illiterate gossip is that he repeats it.

      Delete
  9. Mr. Surber: I am move informed now (thanks to you, mostly) than I ever was by the plodding, propaganda print media. Many THANKS!!

    JerseyJim

    ReplyDelete
  10. Are you aware that you are able to be aware of a persons real mindset by the facial features of his face?
    watch the left side to identify these traits. You need to first look up what you are looking for.

    ReplyDelete
    Replies
    1. So that's why Joe and Nancy want nationwide mask-wearing?

      Delete
  11. Now the BS narrative says we are "COVID-19 Is “10 Times More Infectious” Than It Was At The Beginning Of The Pandemic" Can any reasonable person still left see how this is massive PSYOP Operation? Crush Them.

    ReplyDelete
    Replies
    1. It's called "panic porn."
      NB

      Delete
  12. Still want you to add a "Support this site $" button. Your work is worth more to me than publications I pay to subscribe to.

    ReplyDelete
    Replies
    1. Thank you.
      OK, you win.
      Send a check to the Salvation Army in memory of my son, Michael.

      Delete
  13. A company that fails to change with the times, that does not update methods will go under.

    ReplyDelete
  14. I too miss REAL newspapers. The confluence of the internet, Craigslist, and smartphones have made them obsolete except for one thing: LOCAL NEWS. And for me, that was the final straw failure with the local rag I used to subscribe to. We were taking a drive into the country and came across a highway department reader board saying "Hwy 138 closed at milepost 54 due to forest fire". Four days later buried in the back pages of the paper was a four inch column about it.
    I had always been irritated with the lefty slant they put on everything, and when I discovered the internet, I went looking for conservative columnists beyond the token one or two the paper published (usually George Will or Cal Thomas). I found hundreds, including a category that I'd never encountered before: Black Conservatives. I now have the dilemma of how to filter what I want to read from the millions of pages I don't have time for. And Surberblog is one of the best at the top of my morning newsfeed. Thanks Don, and enjoy the good fight.

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  15. I only miss the daily crossword puzzle. I have adapted and do not miss getting a print paper.

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  16. I was recently replacing the flooring in an almost 100 year old house. Under the hardwood was newspapers that the builders used to level low spots. The period was mostly December 1923, January 1924. Editorials about the Spanish Civil War. Low carb dieting. It's not a new thing. Johnny Weismuller still competing at swimming. St. Louis Browns baseball.

    The interesting thing was the writing was interesting, not just old. It was well written. Worth a read. If newspapers still were that well written, maybe people would be more interested in reading them.

    J in StL

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  17. Here in Perth our one remaining daily paper, The West Australian, is self-flagellating today because it ran a cartoon strip from the 80's that used 'Abo' in reference to one of our indigenous brethren. Today's front page message groveled harder than a London cop taking a knee.
    Going one step further the paper then declared that the strip, Modesty Blaise, would never again sully its pages.
    When they get tired of whipping themselves, I wouldn't mind taking a turn.

    ReplyDelete