A media group in Europe sends out regular e-mail compilations of interesting stuff happening in the news business.
The three items below appeared on the same day. More and more reasons to pat yourselves on the back for your decision to take this course!
Planned US media job cuts up 88 per cent in 2006
The number of planned job cuts in the US media sector surged 88 per centlast year and that trend will likely continue as readers shift fromprint to online services, a study on Thursday showed. For all of last year, the media industry announced 17,809 job cuts, upsizably from the 9,453 cuts announced the prior year, according to thejob outplacement tracking firm Challenger, Gray & Christmas. The trendis expected to continue this year, according to John Challenger, chiefexecutive officer at the Chicago-based firm, which tracks plannedlayoffs, not actual layoffs. Newspaper publishers, broadcasters and other media companies have beencutting jobs and reevaluating their business models as a growing numberof Americans turn to the internet for news and entertainment. Internetad spending is forecast to rise 13 per cent in 2007, while networktelevision advertising is seen almost flat from a year ago and newspaperadvertising is expected to drop nearly 3 per cent, according to mediatracking firm TNS. Not only are newspapers vying with other news organizations for audienceshare, they are competing with bloggers, industry experts and gossipsites, Challenger said. Source: http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyID=2007-01-25T172846Z_01_N25396479_RTRUKOC_0_US-USA-ECONOMY-JOBS-MEDIA.xml - Reuters
Big names in US journalism launch Politico website
Several big names in US journalism are part of a new internet-focusednews organisation being launched Tuesday that will focus exclusively onpolitics as the 2008 elections approach. The new venture formed byAllbritton Communications has a newspaper, The Politico, and a website,Politico.com. Well-known journalists from The Washington Post newspaper and Timemagazine have joined the multiplatform news organisation. John Harris,formerly the Post's political editor, will be the editor in chief atPolitico, Jim VandeHei, who covered national politics at the paper, willbe the executive editor, and Mike Allen, White House correspondent forTime, will be the chief political correspondent. Also on board is RogerSimon, an award-winning political columnist and author. The new venture is being launched on the same day as the president'sState of the Union address. A spokeswoman for Politico said that thestaff of 50 will include about 25 reporters who will focus exclusivelyon the ins and outs of Washington politics. Reporters will also makeregular appearances on the capital's all-news radio station as well ason national television news programs. Staffers will shoot video toaccompany their stories on the venture's website. Source: http://www.metimes.com/storyview.php?StoryID=20070123-034835-3045r - AFP, Middle East Times
BBC talking to Google about providing video on YouTube
The British Broadcasting Corporation said Monday that it was indiscussions with the search engine company Google about putting some ofthe BBC's programming on the online video site YouTube. A BBCspokeswoman confirmed that the publicly funded broadcaster was speakingwith Google, which bought YouTube last year, about several differentoptions, but that a deal had not yet been signed. BBC World, the international commercial news channel produced by theBritish broadcaster, is already the most-watched foreign network in manyof the 200 countries in which it broadcasts. If BBC signs an agreementwith YouTube, it will follow in the footsteps of US networks like NBC,which created a branded YouTube channel last June, and CBS, which isshowing clips from programs like 'The Letterman Show.' Internet video advertising is pegged to earn more than USD 1bn (EUR772,000) in 2008, much of which is expected to come from televisionadvertising budgets. The situation is forcing television producers tochoose whether they want to cooperate with internet video websites orcompete with them. Under Google's ownership, YouTube has beenapproaching broadcasters and other owners of copyrighted material toarrange for the site to carry more authorised material. Source: http://www.iht.com:80/articles/2007/01/22/business/bbc.php - International Herald Tribune