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US newspaper industry revenue fell 2.6 pct in 2013, hurt by drop in print ad revenue

NEW YORK, N.Y. - U.S. newspaper industry revenue continued to fall last year, as increases in circulation revenue failed to offset shrinking demand for print advertising. The Newspaper Association of America says the industry's revenue fell 2.6 per cent to $37.59 billion in 2013. Revenue from print advertising dropped 8.6 per cent to $17.3 billion, while circulation revenue rose 3.7 per cent to $10.87 billion. Newspapers have looked in recent years to replace declining print advertising and circulation revenue with contributions from online sources.

US newspaper industry revenue fell 2.6 pct in 2013, hurt by drop in print ad revenue

NEW YORK, N.Y. - U.S. newspaper industry revenue continued to fall last year, as increases in circulation revenue failed to offset shrinking demand for print advertising. The Newspaper Association of America says the industry's revenue fell 2.6 per cent to $37.59 billion in 2013. Revenue from print advertising dropped 8.6 per cent to $17.3 billion, while circulation revenue rose 3.7 per cent to $10.87 billion. Newspapers have looked in recent years to replace declining print advertising and circulation revenue with contributions from online sources.

Los Angeles Register to launch as Freedom expands print empire in southern California

LOS ANGELES, Calif. - Aaron Kushner believes he can launch and grow a print newspaper in a world gone digital. The former greeting card executive is trying to turn the Orange County Register into a media giant in southern California, largely driven by paper and ink. The unconventional effort gets a jolt Wednesday when Freedom Communications Inc., the company Kushner bought with other investors two years ago, launches the Los Angeles Register.

Online newspaper Alaska Dispatch buys Anchorage Daily News for $34 million

ANCHORAGE, Alaska - An online competitor announced plans Tuesday to buy Alaska's largest daily newspaper. Alaska Dispatch Publishing LLC, the parent company of the online newspaper the Alaska Dispatch, will purchase the Anchorage Daily News from The McClatchy Co. for $34 million. The sale is expected to close in May. "This is a chance for us to get even more reporters on the ground and do more journalism," said Tony Hopfinger, Alaska Dispatch's co-founder, executive editor and president.

US news industry sees big revenue loss

US news media revenues have tumbled by roughly a third since 2006 amid a shift to digital media, researchers said Thursday. The Pew Research Center estimated annual revenues supporting print, broadcast and online journalism have slipped to between $63 billion and $65 billion, based on 2012-2013 data. That compared with $94 billion to $95 billion in 2006, the Pew researchers said. The analysis gleaned from Pew's annual survey of the news media underscored the massive changes in the industry.

Colombian press sends newsprint to Venezuelan newspapers

Colombian newspapers said Tuesday they are sending 52 tons of newsprint to independent newspapers in Venezuela so they can keep publishing. The newsprint which is being shipped from the Colombian port of Cartagena will go to El Nacional, El Impulso and El Nuevo Pais. Those newspapers say they are at risk of closing because the government of President Nicolas Maduro will not make sufficient hard currency available to resupply their dwindling newsprint stocks. The shipment was arranged by the Colombian Association of Newspaper and News Media Editors.

Ecuador newspaper fined for not running corrections

Ecuador's largest circulating daily newspaper has been fined for not running corrections demanded by an official media regulator. Extra, a tabloid with a daily circulation of 150,000, was ordered to pay the equivalent of 10 percent of its revenues over the next three months by the Superintendency of Information and Communication on Tuesday.

NY attorney general says e-book buyers getting settlement credits from publishers this week

ALBANY, N.Y. - Buyers of electronic books will get account credits this week from five publishers who reached settlements after states alleged they colluded to raise prices, New York's attorney general said Tuesday. The $166 million national settlements were approved Dec. 6 and cover claims from April 1, 2010, to May 21, 2012. Buyers who bought certain e-books from Amazon, Barnes The publishers are Hachette Book Group, HarperCollins, Simon Refund amounts are $3.06 for New York Times bestsellers bought during the period and 73 cents for any other book.

Online news attracts star power and big money

The news media is generating some big news of its own, as a growing number of star US journalists move online, bringing followers and financial backers with them. Online news sites have been around for years, but in recent months the trend has gained momentum, defying predictions of a troubled media industry. The latest was the relaunch of FiveThirtyEight, headed by Nate Silver, a statistician and journalist who made his own headlines with his accurate prediction of the 2012 presidential election.

Anna Wintour defends Kim Kardashian choice for Vogue cover

Vogue US editor Anna Wintour, who elicited Twitter outrage over the magazine's April cover featuring Kim Kardashian, is defending the choice, having anticipated the ire even before the issue went public. The April edition created shock-waves among the fashion-minded when its cover was revealed Friday, showing the reality starlet appearing in a strapless, white gown in the arms of her fiance, hip hop maestro Kanye West.
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