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Gannett circ revenues decline as it explores HQ sale
Gannett reported that declines in circulation revenue at USA Today and its British newspapers outweighed gains at the company’s 80 community newspapers for an overall decline of 0.9 percent year to year. Advertising revenues were down 5.8 percent for the year and national advertising was particularly weak, down 20.8 percent for the fourth quarter and 13.2 percent for the year.
However, USAT content was also sold to the Richmond (Va.) Times-Dispatch and the Arlington (Ill.) Daily Herald, said Gracia Martore, CEO of Gannett, on a conference call with investors. She also said that the recovering economy is boosting classi eds, especially in auto and real estate. Total publishing revenues are expected to show quarter-to-quarter improvement “by a couple of percentage points,” Martore said.
Meantime, Martore said Gannett is considering selling its Virginia headquarters and relocating. Gannett currently occupies some 785,000 square feet in two o ce towers at 7960 Jones Branch Dr. in Tysons Corner.
e possible move comes as Gannett prepares to split into two companies — one focused on digital and broadcasting and the other on newspapers.
“ is is part of our transition to more e - cient use of our real estate across the company,” said Jeremy Gaines, spokesman for Gannett.
Gaines added that the company plans to stay in the Washington D.C. area.
Courier accepts RRD bid, pays $10M fee to Quad/Graphics
R. R. Donnelley & Sons Co. and digital printing, publishing and content management company Courier Corp. announced that they have signed a de nitive agreement through which RRD will acquire Courier for $23.00 per share in cash, or 1.3756 RRD common shares. e deal is subject to pro ration so that a total of 8.0 million shares of RRD common stock, representing approximately 51 percent of the total merger consideration, will be issued in the merger.
Courier on Jan. 16, entered into a merger agreement with Quad/Graphics.
In accordance with that agreement, Courier paid Quad/Graphics a $10 million termination fee, which the companies said will be fully reimbursed to Courier by RRD.
Under terms of that agreement, Quad/ Graphics would have paid a lesser total purchase price for Courier — $20.50 per share.
“We continue to believe our o er to Courier was compelling and would have provided significant value for all of Quad/Graphics and Courier stakeholders, including shareholders, employees and customers in the book market over the long term,” said Joel Quadracci, chairman, president and CEO of the company, in a statement. “However, when it comes to spending our capital, we maintain a disciplined approach and, therefore, did not submit a revised o er.”
e termination of the deal with Courier will have no impact on Quad/Graphics’ previously announced investment in more than 20 HP color digital web presses, the company said.
Idaho daily outsources circulation, delivery
The (Boise) Idaho Statesman tapped Global Ad Distribution to handle all of its circulation and delivery operations, Global Ad Distribution said.
Beginning March 30, the rm will manage home and single-copy delivery of the publisher’s agship daily, as well as its portfolio of midweek and Sunday Select products.
e McClatchy Co.-owned Statesman’s last reported daily circulation was approximately 45,000.
Reuters teams with TIMA to launch video content service
Reuters partnered with global content service provider TIMA to o er location services to broadcasters and online media outlets. e news service combines Reuters’ editorial content with TIMA’s technology to ll a demand for live content, the companies said.
e service launched at the 87th Academy Awards on Feb. 22, where live positions overlooking the red carpet will be provided to clients.
At key global events the service will have experienced production and editorial sta on the ground and clients will also have access to live studio facilities around the world.
“Reuters-TIMA Location Services will support broadcasters and online publishers with editorial, technical and infrastructure support on location,” said Tim Santhouse, global head of video products for Reuters. “Our service will enable our customers to focus on what they’re good at — telling their story to their audience — while the entire operational side, including technical and local knowledge is taken care of.”
Austrian newspaper printer diversifies with Rotoman
Niederosterreichisches Pressehaus Druck und Verlagsgesellschaft in St. Polten, Austria, purchased a 16-page Rotoman press from manroland web systems. e Rotoman DirectDrive is slated to go into production in fall 2015, and produce around 300 di erent newspaper titles, catalogs, supplements and brochures in small and medium-sized runs.
“In recent years, boosting e ciency was a top priority, but now we want to focus on diversi cation and o ering our customers new design options for their printed products,” said NPD Engineer and Managing Director Gerhard Schmidrathner.
e Rotoman DirectDrive is capable of up
to 65,000 cylinder revolutions per hour with a 965-millimeter web width. For e cient production of low and ultra-low volume print work, the press is equipped with the entire range of autoprint features, manroland said, including the AutoJobChange system, which automatically initiates a title change once the target volume is reached, triggers a fully automated plate change with APL and ramps up the press to the good copy stage.
e press also features Inline Control systems for cut-o and color register control and ink density measurement. With its fth printing couple, the press can provide both fully automated version and title changes with DynaChange, and nishing options such as coating or special color printing. e press also features a perforating device, punching tool and plow folder.
Report: Sports fans regularly consume digital media
A recent report from Sporting News Media found that fans turned to their digital devices to consume content and engage in commentary. e report, called “Sporting Views” analyzed data from Sporting News Media’s Sporting News ePlayer network that serves up over 400 million streams in the U.S. each month. e network spans 350 local and national publishers and has over 30 million users.
On the Monday and Tuesday following the Super Bowl XLIX, total video views increased nearly 50 percent. ere were over 10 million professional football video views, which is an increase of 95.6 percent from the previous year.
Desktop tra c declined during the game, decreasing 26 percent between 6 p.m. and 7 p.m., while mobile tra c picked up considerably during the game, accounting for an average of 70 percent of unique visitors during the game window.
roughout a normal week NFL fans are consuming the most video on Mondays — 24.1 percent during regular season and 27.7 percent during playo s. Weekday consumption peaks at 9 a.m., then again at 12 p.m. Fans are largely consuming video highlights during the morning hours, according to the report.
e report also stated that the digital consumption patterns of sports fans throughout the year suggest that football fans tend to consume digital game highlights on national media sites more than on local sites, while baseball fans may lean more on local media sites.
Southtown Star gets new name, format, website
The Southtown Star, one of the SunTimes Media suburban dailies acquired by Tribune Publishing in October 2014, rolled out a new website, dailysouthtown.com, and changed its name to the Daily Southtown.
e daily also changed its print format to a larger size and reverted to what it called a more traditional newspaper look.
e website is designed to better accommodate mobile use and to be more tightly integrated with the Chicago Tribune.
e Daily Southtown said it will also expand local coverage in the coming months.
e deal in which Tribune acquired the daily also included dozens of other daily and weekly papers.
NYT posts operating decline; revenue remains flat at Lee
The New York Times Co. said that its annual operating pro t declined in 2014.
e company pointed to investments in digital journalism and severance costs from a round of job reductions as the main causes for the decline. Revenue was at as growth in digital advertising and circulation o set declines in print business.
During the fourth quarter of 2014, operating pro t was $62 million, compared with $69 million in the same period of 2013.
Net income fell to $30.3 million, about half the pro t in 2013, on revenues of $1.59 billion, and nished the year with 910,000 paid digital subscribers.
NYT CEO Mark ompson noted that mobile and video ad sales, as well as native advertising, all saw growth. Digital advertising revenue increased 19 percent in the last three months of 2014.
“In 2015, e Times will remain focused on using our unique journalism and brand to broaden and deepen our audience and to monetize that audience more e ectively through innovation in both digital and print,” he said.
Lee Enterprises, meantime, reported that digital revenue grew 25.6 percent in the fourth quarter over 2013. Weak print advertising dragged total ad and marketing services revenue down 5.6 percent.
“As a result both revenues and pro ts were essentially at compared to the period a year ago,” the company said in its quarterly earnings report.
Lee earned $9.7 million net for the quarter on revenues of $176.1 million.
Boston Globe publishes book on Patriots' NFL victory
The Boston Globe and Triumph Books published a hardcover book covering the New England Patriots’ 2014 season and playo s. e book called, “Undeniable: e New England Patriots’ Road to a Fourth Super Bowl Title,” is 144 pages and includes a review of the season, analysis of the team, color photographs, postgame commentary, stories of the celebrations and photos of the victory parade produced by the sports sta at e Globe, including Chris Gasper, Dan Shaughnessy, Shalise Manza Young, Ben Volin and John Powers.
“ e Globe has been covering the team’s troubles and triumphs since the franchise was launched,” said Janice Page, the editor of the book. “ is book chronicles the latest season with the same rich sense of perspective and keen ability to analyze what will surely be remembered as one of the most unforgettable runs in NFL history.”
e book is available for $24.95 online.