Media
Newspaper Outlook: Go Digital or Die
Media General(MEG) reported that its digital revenue was up 7.9%, while Gannett increased its digital revenue by 8.3% to $154.1 million from $142.4 million.
Still, as the news industry shifts from print to digital, the increase in digital revenue that most companies are seeing isn't enough to offset their losses in publishing revenue. News companies are turning to their digital sector to stay afloat. Many have produced mobile applications or are urging their journalists to be more active on social networking sites to reach a wider audience. Media General and Gannett both have partnership plans with Yahoo!(YHOO), in the hopes of increasing their digital revenue growth. Looking ahead, News Corporation(NWSA) releases its second quarter earnings on August 4 and The Washington Post(WPO) releases its second quarter earnings report on August 6. -- Written by Theresa McCabe in BostonRELATED STORIES:
TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.26
|
|
DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
DOWN
0.14 |
10 Yr
1.74%
SPDR Gold
152.68
|
|
-0.60%
|
-0.22%
|
-0.07%
|
-0.80%
|
Data delayed 20 minutes |
Connect with TheStreet