• All the Suckers in the World Can't Save Newspapers

    In your bitter Monday media column: Newspaper circulation predictably declines, Martha Stewart is predictably scared of us, old people predictably get conned by media hustlers, and Portfolio's unpredictable burn rate:

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    Send an email to Hamilton Nolan, the author of this post, at Hamilton@gawker.com.

    By Hamilton Nolan
    Apr 27, 2009 2:02 PM 3,219
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    All the Suckers in the World Can't Save Newspapers

    New figures for newspaper circulation over the past six months have been released, and "stop the presses" (tasteless and trite joke), they're bad. Overall daily circulation fell 7%, and Sunday circulation fell more than 5%. Both NYC tabloids, and papers in Houston, Miami, San Francisco, Atlanta, and Philly were the big losers. The WSJ was actually up a bit!


    Jon Fine pulls out a 2004 interview with Conde Nast CEO Charles Townsend in which he hinted that now-dead Portfolio's total price tag might have been as high as $150 million. That's even more painful than everyone thought, if true.

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