Another Media Business Model Broken – Free Newspapers --- Philip M. Stone February 18, 2009 Metro International’s announcement that it is calling a special shareholders meeting for Feb.24 to authorize a $65 million rights issue because it has basically run out of working cash is just one very visible sign that free newspapers even with their very low advertising rates are not immune from today’s economic gloom.
The Front Page – Does Survival Overtake Editorial Policies? --- Philip Stone April 14, 2009 Follow on Twitter There was a hue and cry from the Los Angeles Times’ newsroom last week because the newspaper sold, for six figures, a L-shaped front page ad in which half looked like editorial copy, and the other half a display ad. The journalists said what the publisher did was sacrilegious to the newspaper’s traditions. The publisher says the newspaper needed the cash. Who’s right?