Tag Archives: NYT

History

NYT hightlights N-Y Historical Society's "Civil War in 50 Objects"

Leave a comment

By hnn

Tracing history through objects is popular these days. Neil McGregor, the director of the British Museum, did it in 700 best-selling pages, and for the last couple of months, the New-York Historical Society has had an exhibition called “The Civil War in 50 Objects.”

Finding the 50 objects involves something of a scavenger hunt — they are on display in different places at the society, at 170 Central Park West, at West 77th Street. All 50 came from the society’s collection of about 1 million Civil War-era items, “a definitive record of slavery, secession, rebellion and reunion from the time these movements first roiled the city and the nation,” according to the Lincoln scholar Harold Holzer. He made the final decisions on which 50 objects were chosen, and which were not, after members of the museum’s staff had winnowed the possibilities to 75….

Source:
NYT

Source URL:
http://cityroom.blogs.nytimes.com/2013/07/22/revisiting-history-through-objects-and-a-long-gone-game-show/

Date:
7-22-13

…read more

Source: FULL ARTICLE at History News Network – George Mason University

Business, Finance, Occupation & Industry

Media Digest (4/29/2013) Reuters, WSJ, NYT, FT, Bloomberg

Leave a comment

By 24/7 Wall St.

Filed under:

The form of taxation that is applied to a Verizon Communications Inc. (NYSE: VZ) buyout of the 45% of Verizon Wireless that Vodafone Group PLC (NASDAQ: VOD) owns may decide the deal. (Reuters)

The global economy continues to rely on central bank aide to prop up gross domestic product. (Reuters)

China’s move to 4G will give some equipment suppliers huge contracts. (Reuters)

Tough European sales may start to badly damage U.S. corporate earnings. (WSJ)

The government blocks cash payouts to some General Motors Co. (NYSE: GM) executives. (WSJ)

The number of people in the U.S. looking for jobs fell to its lowest level since 1979 because of retiring baby boomers. (WSJ)

Fred Hassan leaves as the chairman of Avon Product Inc.’s (NYSE: AVP) board. (WSJ)

A move to dividend-paying stocks may be causing their prices to move too high. (WSJ)

More Republican members of Congress will support a tax on online sales. (NYT)

Cable firm AXS TV will start to run programming from AOL Inc.’s (NYSE: AOL) HuffPo Live. (NYT)

Passengers may well shy away from flying the Boeing Co. (NYSE: BA) 787, which recently fixed battery problems. (NYT)

Chat applications will continue to hurt revenue from texts, which have helped telecom earnings. (FT)

More Europeans may modify their positions on the value of austerity. (Bloomberg)

Nokia Corp. (NYSE: NOK) ups its commitment to $20 phones as it loses market share to smartphones from Apple Inc. (NASDAQ: AAPL) and Samsung. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, AOL, AVP, BA, GM, NOK, VOD, VZ

Read | Permalink | Email this | Linking Blogs | Comments

Source: FULL ARTICLE at DailyFinance

News, Politics, Government

The Koch Brothers Are Bidding To Become Newspaper Magnates

Leave a comment

By Tim Worstall, Contributor That’s what the New York Times tells us, that the Koch brothers are in the running to bid for the Tribune group of newspapers. The story seems a little odd to me. No, not that I think that it’s wrong, not at all, rather, that I think the NYT itself has rather got hold of the wrong end of the stick. There’s a terribly important part about the economics of newspapers to understand here and I don’t think they have understood it: One person who has previously advised said the papers were considered an investment opportunity, and were viewed as entirely separate from Charles and David Kochs’ lifelong mission to shrink the size of government.

From: http://www.forbes.com/sites/timworstall/2013/04/21/the-koch-brothers-are-bidding-to-become-newspaper-magnates/

Business, Finance, Occupation & Industry

Media Digest (4/18/2103) Reuters, WSJ, NYT, FT, Bloomberg

Leave a comment

By 24/7 Wall St.

Filed under:

The FAA moves closer to a decision to clear the Boeing Co. (NYSE: BA) 787 Dreamliner for commercial service. (Reuters)

Worries about Apple Inc.’s (NASDAQ: AAPL) profits press its stock value under $400. (Reuters)

LinkedIn Corp. (NYSE: LNKD) will test mobile ads in it smartphone app. (Reuters)

Twitter begins to examine tweets to better target ads. (Reuters)

China will allow the yuan to trade in a wider range. (WSJ)

Bundesbank President Jens Weidmann tells the Wall Street Journal that Europe‘s financial repair could take a decade. (WSJ)

The International Energy Agency says the progress of green energy has slowed. (WSJ)

Carnival Corp. (NYSE: CCL) will spend as much as $700 million to upgrade hospital and safety systems on its ships. (WSJ)

The growth of the PayPal operation of eBay Inc. (NASDAQ: EBAY) slows, according to its earnings report. (WSJ)

Microsoft Corp. (NASDAQ: MSFT) earnings likely will show the company’s products have not triggered global PC growth. (WSJ)

Large bank profits may push regulators to put more regulations on the banking system. (NYT)

The United States has become Japan‘s top export market, taking the position from China. (FT)

The International Monetary Fund says monetary easing could cause credit bubbles. (FT)

Gold miners lose $169 billion as the price of the metal falls. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BA, CCL, EBAY, LNKD, MSFT

Read | Permalink | Email this | Linking Blogs | Comments

From: http://www.dailyfinance.com/2013/04/18/media-digest-4182103-reuters-wsj-nyt-ft-bloomberg/

Business, Finance, Occupation & Industry

Media Digest (4/15/2013) Reuters, WSJ, NYT, FT, Bloomberg

Leave a comment

By 24/7 Wall St.

Filed under:

Wells Fargo & Co. (NYSE: WFC) cuts the number of outside investment managers that its brokers can offer to clients. (Reuters)

Thermo Fisher Scientific Inc. (NYSE: TMO) is likely to pay $13 billion to buy Life Technologies Corp. (NASDAQ: LIFE). (Reuters)

Foxconn adds workers in preparation for production of the new Apple Inc. (NASDAQ: AAPL) iPhone. (WSJ)

The FAA orders inspections of about 1,000 Boeing Co. (NYSE: BA) 737s. (WSJ)

Microsoft Corp. (NASDAQ: MSFT) probably produces a new touch smartphone type watch. (WSJ)

Verizon Wireless pushes out the number of months subscribers need to wait for phone upgrades from 20 months to 24. (WSJ)

McDonald’s Corp. (NYSE: MCD) presses value of its products to customers to help same-store sales. (WSJ)

Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) will produce new transmissions together. (WSJ)

Google Inc. (NASDAQ: GOOG) agrees to search restrictions to settle antitrust claims by the European Commission. (NYT)

The ability of big companies to save money on manufacturing overseas helps offset a weak U.S. economy. (NYT)

A study by Brookings and the Financial Times shows the global economy is not improving. (FT)

India’s inflation drops to a 40-month low at 5.96% in March. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BA, F, GM, GOOG, LIFE, MCD, MSFT, TMO, WFC

Read | Permalink | Email this | Linking Blogs | Comments

From: http://www.dailyfinance.com/2013/04/15/media-digest-4152013-reuters-wsj-nyt-ft-bloomberg/

Recipes

Kolache Connections

Leave a comment

By Regina Schrambling Thanks to Eater, I was amused to see kolaches are being heralded as the next big thing in pastries. I’m still in shock from going on the Food Network back in the Nineties to promote my little Squash book and learning I was not the only New Yorker who even knew what the things are. I developed a taste for them while living in Nebraska after dropping out of college; my interviewer on that show, Rudy Giuliani‘s then-wife Donna Hanover, turned out to be the daughter of a Czech immigrant. I’m guessing she’d be as surprised as I am to see Texas claiming kolaches’ fame. To me they’re rooted firmly in the Midwest. I just pulled out my battered New York Times Heritage Cook Book and found the only recipes are from Iowa (that is one great collection of regional flavors, BTW). But I will always associate them with Lincoln, where a co-worker named Libby Vlach would always bake and share them. (I like the sound of the recipe with this Nebraska feature because it calls for lard, although the NYT one suggests duck fat, which would also be great.) Put too simply, they’re the Czech translation of a Danish, with a yeast dough and a fruit or cheese filling. And I could see them taking off. But never overtaking the cupcake. Let alone the macaron. My photo is of a spread with a photo by the amazing Deborah Jones.

From: http://feedproxy.google.com/~r/epicurious/epiblog/~3/zeBa12txdmM/kolache-connections-.html

Articles of Interest

CEO Perks Packages Rose In Value By 18.7 Percent In 2012: Analysis

Leave a comment

By The Huffington Post News Editors

CEOs are living the good life. On the company’s dime.

America’s 100 best-paid corporate chiefs got an 18.7 percent boost in their perks packages, according to a survey of executive pay performed by Equilar for The New York Times. Those perks, which range from access to a private jet to company-sponsored security details to life insurance policies, were worth $320,635 on average last year, according to an Equilar analysis of the survey.

(Click over to the NYT to read more about the good life of a CEO)

Read More…
More on Video

…read more

Source: FULL ARTICLE at Huffington Post

Articles of Interest

New York Times Turns Its Stories Into Haikus

Leave a comment

By Evann Gastaldo The New York Times is celebrating National Poetry Month with a quirky new Tumblr: Times Haiku . It’s exactly what it sounds like: haiku generated from stories posted to the NYT homepage. But, interestingly, it’s all automated. So a computer algorithm came up with gems like these: “His wife was his… …read more
Source: FULL ARTICLE at Newser – Great Finds

Business, Finance, Occupation & Industry

Media Digest (3/19/2013) Reuters, WSJ, NYT, FT, Bloomberg

Leave a comment

By 24/7 Wall St.

Facebook-F-logo

Filed under:

BlackRock Inc. (NYSE: BLK) will lay off 300 people. (Reuters)

Electronics Arts Inc. (NASDAQ: EA) chief executive departs as the firm missed earnings. (Reuters)

Intel Corp. (NASDAQ: INTC) ramps up hiring for its new TV entertainment unit. (Reuters)

Airbus gets an order from Indonesian airline Lion Air worth $24 billion. (Reuters)

The Employee Benefit Research Institute reports that 57% of Americans have less than $25,000 in savings when the value of their homes are backed out. (WSJ)

Corelogic reports that “underwater” homes dropped by 1.7 million in the fourth quarter, compared to the same quarter a year ago. (WSJ)

Lululemon Athletica Inc. (NASDAQ: LULU) takes some pants out of stores because they are too sheer. (WSJ)

Citigroup Inc. (NYSE: C) pays $730 million to settle claims over paper its sold that mislead investors over a two-year period. (WSJ)

Liberty Media Corp. (NASDAQ: LMCA) may by 25% of Charter Communications Inc. (NASDAQ: CHTR). (WSJ)

HTC delays release of one of its major new phone products. (WSJ)

IDC says global PC shipments will slow again this year. (WSJ)

Facebook Inc. (NASDAQ: FB) blocks developers who do not make software that enhances the social network’s goals. (WSJ)

Chesapeake Energy Corp. (NYSE: CHK) sells debt to buy paper with higher coupons. (WSJ)

The Washington Post division of Washington Post Co. (NYSE: WPO) will charge for online content. (WSJ)

Investment firms and farmers begin to compete for land as crop prices rise. (NYT)

ABC may launch an app for people to watch TV on portable devices. (NYT)

The size of cash hoards held by U.S. companies reach record levels, according to Moody’s Investor Service. (FT)

Samsung says it will release its own smart watch to compete with Apple Inc.’s (NASDAQ: AAPL). (Bloomberg)

European February car sales fall 10%, according to the European Automobile Manufacturers’ Association. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BLK, C, CHK, CHTR, EA, FB, INTC, LMCA, LULU, WPO

Read | Permalink | Email this | Linking Blogs | Comments

…read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Media Digest (3/18/2013) Reuters, WSJ, NYT, FT, Bloomberg

Leave a comment

By 24/7 Wall St.

newspapers

Filed under:

J.P. Morgan Chase & Co. (NYSE: JPM) and many other banks change risk models to cover Basel III requirements. (Reuters)

Boeing Co. (NYSE: BA) will measure its batteries by a high standard that it created long ago but never used. (Reuters)

Volkswagen’s China operation is forced to make a major recall. (WSJ)

China’s new premier, Li Keqiang, says his nation has made no cyberattacks on the United States. (WSJ)

Verizon Communications Inc. (NYSE: VZ) hopes to tie fees for programming to how many people watch shows. (WSJ)

Trading trouble investigations of J.P. Morgan put pressure back on chief Jamie Dimon. (NYT)

HSBC Holdings PLC (NYSE: HBC) plans to cut a thousand of more jobs as it restructures. (FT)

Apple Inc. (NASDAQ: AAPL) may raise its dividend more than 50% to make its total payout $16 billion. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BA, HBC, JPM, VZ

Read | Permalink | Email this | Linking Blogs | Comments

…read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Media Digest (3/14/2013) Reuters, WSJ, NYT, FT, Bloomberg

Leave a comment

By 24/7 Wall St.

Netflix logo

Filed under:

The head of marketing at Apple Inc. (NASDAQ: AAPL) criticizes Google Inc.’s (NASDAQ: GOOG) Android software and its largest adopter, Samsung. (Reuters)

Citadel will sell the shares it still has in E*Trade (NASDAQ: ETFC). (WSJ)

Competition hurts China Mobile Ltd.’s (NYSE: CHL) earnings. (WSJ)

Amazon.com Inc. (NASDAQ: AMZN) cuts the price of its Kindle Fire HD tablet. (WSJ)

As U.S. retail sales rose last month, consumers saved less. (WSJ)

The head of the Google Android business will move to another job and the head of Chrome operations will take over. (WSJ)

Renault will produce more cars in France, and in exchange, unions will accept pay freezes. (WSJ)

Capital One Financial Corp. (NYSE: COF), Citigroup Inc. (NYSE: C) and Wells Fargo & Co. (NYSE: WFC) agree to new employee clawback provisions after pressure from New York State. (WSJ)

Early tests of the batteries on the Boeing Co. (NYSE: BA) 787 Dreamliner are not set to predict future problems. (NYT)

A Solar Energy Industries Association study shows rapid growth of solar adoption in the United States. (NYT)

President Obama says he will increase pressure about cyberattacks that originate in China. (FT)

Germany says it will reject stimulus in favor of budget cuts. (FT)

Finance ministers at a European Union summit likely will ask to lessen budget demands on many weak nations. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, AMZN, BA, C, CHL, COF, ETFC, GOOG, WFC

Read | Permalink | Email this | Linking Blogs | Comments

…read more
Source: FULL ARTICLE at DailyFinance

Articles of Interest

Forget WikiLeaks: Manning Should Have Gone to NYT

Leave a comment

By Matt Cantor Bradley Manning told a military court that he’d tried to contact the New York Times with the host of diplomatic cables that ended up hitting WikiLeaks. Things might have been different if he’d succeeded, speculates Bill Keller in the Times . Private Manning might have benefited: “I suspect the fact that… …read more
Source: FULL ARTICLE at Newser – Home

Business, Finance, Occupation & Industry

Media Digest (3/6/2013) Reuters, WSJ, NYT, FT, Bloomberg

Leave a comment

By 24/7 Wall St.

Facebook-F-logo

Apple Inc. (NASDAQ: AAPL) and Beats Electronics discuss a content partnership. (Reuters)

The European Union will fine Microsoft Corp. (NASDAQ: MSFT) for violating agreements about use of its browser. (Reuters)

Google Inc. (NASDAQ: GOOG) begins to test a same-day delivery system for retailers’ products that have been bought online. (Reuters)

Five stocks that have accounted for much of the increase in the Dow Jones Industrial Average since it hit bottom in 2009 are International Business Machines Corp. (NYSE: IBM), Caterpillar Inc. (NYSE: CAT), 3M Co. (NYSE: MMM), Chevron Corp. (NYSE: CVX) and United Technologies Corp. (NYSE: UTX). (WSJ)

The BNSF Railway unit of Berkshire Hathaway Inc. (NYSE: BRK-A) will test the use of natural gas to run trains that now use diesel. (WSJ)

J.C. Penney Co. Inc. (NYSE: JPC) board members may replace its chief executive or sell the company if results do not improve this year. (WSJ)

Short sales greatly help the housing market by replacing foreclosures as a way to sell homes. (WSJ)

The Federal Reserve will not allow banks to use stress test rules that they have pushed for over the current ones. (WSJ)

China’s Tencent, a competitor of Twitter, will move into the United States. (WSJ)

China attacks Google for the dominance of its Android system in the smartphone market in the People’s Republic. (WSJ)

Microsoft discounts Windows 8 and Office in an attempt to increase sales. (WSJ)

State college education tuition surges as access to public money drops due to hard financial times for state governments. (WSJ)

Companies with employees who work from home at least one day a week have had increases in productivity and lower costs. (WSJ)

News Corp. (NASDAQ: NWSA) will launch a sports network on Fox. (WSJ)

Proxy advisory firm ISS urges investors not to vote for Hewlett-Packard Co. (NYSE: HPQ) Chairman Ray Lane and several other board members. (WSJ)

Fiat presses plans to buy all of Chrysler. (WSJ)

Some investors will fight the merger of MetroPCS Communications Inc. (NYSE: PCS) and T-Mobile. (WSJ)

The Institute for Supply Management reports that business expansion in the United States has been strong. (NYT)

Samsung makes a $100 million investment in Sharp. (FT)

Toyota Motor Corp. (NYSE: TM) discounts prices of its popular Camry because sales have fallen. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BRK-A, CAT, CVX, GOOG, HPQ, IBM, JCP, MMM, MSFT, NWSA, PCS, TM, UTX

Permalink | Email this | Linking Blogs | Comments

…read more
Source: FULL ARTICLE at DailyFinance

History

NYT interviews Garry Wills

Leave a comment

By hnn

The author of “Nixon Agonistes,” “John Wayne’s America,” “Lincoln at Gettysburg,” “Reagan’s America” and, most recently, “Why Priests?” considers Garry Trudeau’s “Doonesbury” “the best political writing of our time.”

What was the best book you read last year?

Peter Brown, “Through the Eye of a Needle.” Puts a stethoscope to the fourth through sixth centuries C.E.

When and where do you like to read?

Anywhere. Everywhere. In high school, I read in the stands through the school’s football and basketball games….

Source:
NYT

Source URL:
http://www.nytimes.com/2013/03/03/books/review/garry-wills-by-the-book.html?nl=books&emc=edit_bk_20130301

Date:
3-3-13

…read more
Source: FULL ARTICLE at History News Network – George Mason University

Business, Finance, Occupation & Industry

Media Digest (3/5/2013) Reuters, WSJ, NYT, FT, Bloomberg

Leave a comment

By 24/7 Wall St.

newspapers

Filed under:

China will lean on consumer spending to expand its economy. (Reuters)

Facebook Inc. (NASDAQ: FB) faces more lawsuits over its initial public offering. (Reuters)

The White House says it believes people should be able to unlock their cell phone for use on more than one network. (Reuters)

Pew reports that debt among young people has dropped to a multiyear low. (WSJ)

The Chinese government drops annual GDP growth goals to 7.5%. (WSJ)

Citigroup Inc.’s (NYSE: C) new CEO, Michael Corbat, is more likely to track the performance of individual senior executives. (WSJ)

Fannie Mae and Freddie Mac will combine some operations. (WSJ)

A senior General Motors Co. (NYSE: GM) executive says the company will keep its Opel operations in Europe. (WSJ)

The CEO of H.J. Heinz Co. (NYSE: HNZ) could make $200 million if he leaves the company after a buyout. (WSJ)

Theft of oil from Nigerian pipelines starts to sharply cut production. (WSJ)

Royal Dutch Shell PLC (NYSE: RDS-A) will build LNG plants in Louisiana and Canada. (WSJ)

The chief of Boeing Co. (NYSE: BA) says the return to service of the 787 will depend on how fast the FAA approves a potential fix. (WSJ)

Bond yields on Spanish and Italian debt narrow because of stability in Spain and instability in Italy. (WSJ)

Facebook creates an ad system that could take business from Google Inc. (NASDAQ: GOOG). (WSJ)

Congress accuses key J.P. Morgan Chase & Co. (NYSE: JPM) executives of roles in the bank’s $6 billion loss. (NYT)

Hess Corp. (NYSE: HES) will sell its gas stations as investors pressure it to restructure the company. (NYT)

Apple Inc.’s (NASDAQ: AAPL) shares reach a 52-week low as Google’s reach an all-time high. (FT)

Boeing defends its decision to keep the battery used in its 787 Dreamliner. (FT)

European Union finance ministers may ease budget restraints to cure the fallout from austerity. (Bloomberg)

Pearson PLC (NYSE: PSO) executives tell the Financial Times that a number of positions will be cut. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BA, C, FB, GM, GOOG, HES, HNZ, JPM, PSO, RDS-A

Read | Permalink | Email this | Linking Blogs | Comments

…read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Media Digest (3/4/2013) Reuters, WSJ, NYT, FT, Bloomberg

Leave a comment

By 24/7 Wall St.

Xbox 360 logo

Filed under:

President Obama suggests cuts in Social Security and Medicare to end a battle over budget cuts. (Reuters)

Bristol-Myers Squibb Co. (NYSE: BMY) may try a large acquisition to improve its fortunes. (WSJ)

Spending among wealthy households rises with stock market gains and higher wages, as lower income households struggle with high gasoline prices and higher taxes. (WSJ)

Worse-than-expected budget data causes Portugal to ask for better bailout terms. (WSJ)

Global app revenue will rise 62% to $25 billion this year. (WSJ)

A modest drop in oil prices may help Exxon Mobil Corp.’s (NYSE: XOM) M&A efforts. (WSJ)

Google Inc. (NASDAQ: GOOG) may move into desktops with Android and disrupt the profits of Intel Corp. (NASDAQ: INTC) and Microsoft Corp. (NASDAQ: MSFT). (WSJ)

Budget cuts may hurt jobs but are unlikely to harm corporate profits or the stock market. (NYT)

The reasons for many cyber attacks are not known. (NYT)

Transocean Ltd. (NYSE: RIG) may reinstate its dividend. (FT)

The sales of the Fiat 500 moved ahead of the Mini. (Bloomberg)

China luxury car sales could move ahead of those in the United States by 2016. (Bloomberg)

Apple Inc.’s (NASDAQ: AAPL) iWatch product could make more than its foray into TV. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BMY, GOOG, INTC, MSFT, RIG, XOM

Read | Permalink | Email this | Linking Blogs | Comments

…read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Can Old Media Beat New Media in Ad War?

Leave a comment

By 24/7 Wall St.

thumbs up

Filed under: ,

The conventional wisdom is that old media online content gets trumped every time by new media properties, at least when it comes to ad revenue. This does not have to be the case, based on the number of people who visit old media websites.

New media, which did not spring from print or broadcast properties, do have an edge as far as total audience is concerned. ComScore reports that in January, Yahoo! Inc. (NASDAQ: YHOO) sites had 186.6 million unique visitors. AOL Inc. (NYSE: AOL) had 111.3 million. Microsoft Corp. (NASDAQ: MSFT) sites, mostly MSN, had 169.7 million.

In aggregate, old media online does very well in audience reach. CBS Corp. (NYSE: CBS) sites had 82.8 million unique visitors in January. Turner, a part of Time Warner Inc. (NYSE: TWX), had 79.5 million. NBC Universal, part of Comcast Corp. (NASDAQ: CMCSA) had 71 million. Viacom Inc. (NASDAQ: VIAB) had 69.7 million. Gannett Co. Inc. (NYSE: GCI) had 50 million. Hearst had 43.1 million. The Top 50 sites by U.S audience also included Meredith Corp. (NYSE: MDP), which probably will combine with Time Inc., The New York Times Co. (NYSE: NYT) properties, Fox Digital and The Tribune online properties.

All of this is a long way of showing that old media has extraordinary reach online, and that as traditional media outlets fail to produce the level of revenue they once did, or are no longer growing as quickly, online revenue has a chance to do better for these companies than it does.

The New York Times reported as part of its fourth-quarter results:

Digital advertising revenues as a percentage of total Company advertising revenues were 24.7 percent in the fourth quarter of 2012 compared with 22.7 percent in the fourth quarter of 2011. For the full year, digital advertising revenues as a percentage of total Company advertising revenues were 23.9 percent in 2012 compared with 22.5 percent in 2011.

Given that the Times had 33.6 million unique visitors online in January, which dwarfs the circulation of the company’s properties, the online revenue production is pathetic. The Times will continue to have to cut editorial staff and production costs to remain financially viable. Digital ad growth is too slow to cover the expense needs of the company.

Time Inc., another firm that produces content among the most well-regarded on the Web, will nearly disappear into Meredith, largely because it could not unlock Internet revenue.

Why is new media in such a struggle with old media companies? There is no one answer. Perhaps management has not put enough pressure on sales staffs to press online ad sales. Perhaps the companies have not been adroit enough to create content online that is of as high a quality as their traditional content. Whatever the reasons, it is not a lack of audience.

Filed under: 24/7 Wall St. Wire, Internet, Media, Old Media Tagged: AOL, CBS, CMCSA, featured, GCI, MDP, MSFT, NYT, TWX, VIA-B, YHOO

Read …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Tesla team mulls plan to boost image after New York Times review

Leave a comment
Elon Musk, co-founder of SpaceX and Tesla Motors, speaks at the California Institute of Technology commencement ceremony in Pasadena

LOS ANGELES (Reuters) – Tesla Motors Inc's top brass, including Chief Executive Elon Musk, this week are considering a strategy to recoup market value and boost demand after a critical review of the automaker's Model S sedan in New York Times this month. Musk says that Tesla has lost about $100 million in sales and canceled orders due to the Times story, which said the sedan ran out of battery power sooner than promised during a chilly winter test drive from Washington D.C. to Boston. “We have seen a few hundred cancellations that are due to the NYT piece and slightly lowered demand in the …

…read more
Source: FULL ARTICLE at Yahoo Business

Business, Finance, Occupation & Industry

Regulators examine if big banks evade payday loan laws: NYT

Leave a comment
A man uses an automated teller machine (ATM) at a Wells Fargo Bank branch on a rainy morning in Washington

(Reuters) – Federal and state regulators are examining whether some of the largest U.S. banks are helping Internet-based lenders evade state laws that cap interest rates on payday loans, The New York Times said on Sunday. Citing several people with direct knowledge of the matter, the newspaper said the FDIC and the Consumer Financial Protection Bureau in Washington, D.C. are examining the role of banks in online payday loans. …

…read more
Source: FULL ARTICLE at Yahoo Business