{"id":312,"date":"2004-06-14T21:46:06","date_gmt":"2004-06-14T21:46:06","guid":{"rendered":"http:\/\/zmetro.com\/?p=312"},"modified":"2004-06-14T21:46:06","modified_gmt":"2004-06-14T21:46:06","slug":"journalism_vs_advertising_at_the_la_times","status":"publish","type":"post","link":"http:\/\/www.zmetro.com\/?p=312","title":{"rendered":"Journalism vs Advertising at the LA Times"},"content":{"rendered":"<p>Tribune owned LA Times recently announced layoffs, just after winning a couple of Pulitzer prizes according to <a href=\"http:\/\/www.nytimes.com\/2004\/06\/14\/business\/media\/14paper.html?ex=1402545600&#038;en=01c4e37437c8fdee&#038;ei=5007&#038;partner=USERLAND\">this story by Jacques Steinberg<\/a>.<\/p>\n<blockquote><p><i>&#8220;Look at <a href=\"http:\/\/www.google.com\/search?hl=en&#038;ie=ISO-8859-1&#038;q=%22usa+today%22+pulitzers&#038;btnG=Google+Search\">USA Today; how many Pulitzers<\/a> have they won?&#8221; Mr. Janedis added, singling out the flagship of the Gannett chain, which has yet to win one. &#8220;But they sell a lot of advertising and get good rate increases.&#8221;<\/i><\/p><\/blockquote>\n<p>The article also compares major publisher cashflow margins (from Banc of America Investment Securities):<\/p>\n<ul>\n<li><a href=\"http:\/\/www.tribune.com\/\">Tribune&#8217;s<\/a>  publishing division: 25.9%\n<li><a href=\"http:\/\/www.gannett.com\/\">Gannett<\/a>: 31.3%\n<li><a href=\"http:\/\/www.lee.net\/\">Lee<\/a>: 27.4%\n<li><a href=\"http:\/\/www.journalregister.com\/\">Journal Register<\/a>: 27.3%<\/ul>\n<p>  Lee publishes the local Wisconsin State Journal and co-owns the federally sanctioned monopoly (<a href=\"http:\/\/www.google.com\/search?hl=en&#038;lr=&#038;ie=ISO-8859-1&#038;q=newspaper+%22joint+operating+agreement%22&#038;btnG=Search\">newspaper joint operating agreement<\/a>: whereby overhead and advertising are shared among two or more &#8220;competitors&#8221;): <a href=\"http:\/\/www.capitalnewspapers.com\/\">Capitol Newspapers<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tribune owned LA Times recently announced layoffs, just after winning a couple of Pulitzer prizes according to this story by Jacques Steinberg. &#8220;Look at USA Today; how many Pulitzers have they won?&#8221; Mr. Janedis added, singling out the flagship of the Gannett chain, which has yet to win one. &#8220;But they sell a lot of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,23],"tags":[],"_links":{"self":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/312"}],"collection":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=312"}],"version-history":[{"count":0,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/312\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=312"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}