Tag Archives: Newsday

Newsday Ending Free Online Content and other newspaper news

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Newsday plans to charge for online news -from Reuters

* Cablevision plans to charge for Newsday website

* Writes down Newsday value by $402 mln

Analyst Ken Doctor on his blog wonders what someone would be willing to pay for 4.5 minutes a month (the average site usage for unique visitors) for access.

Rocky Mountain News to close, publish final edition Friday -from RMN

The Rocky Mountain News publishes its last paper tomorrow.  “Denver can’t support two newspapers any longer,” Scripps CEO Boehne told staffers, some of whom cried at the news. “It’s certainly not good news for you, and it’s certainly not good news for Denver.”

What a crazy day in newspaper land.  No one expected the Newsday news.  I half jokingly tweeted that the NY Post and NY Daily News sites are expecting a bounce in visitors.  I’m curious to see what happens at Newsday, I suppose the alternative of them going bankrupt was unacceptable.

Rupert Murdoch Withdraws Newsday Offer

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Newsday is reportedly worth about 400 million dollars.  Murdoch was willing to pay 580 million dollars.The Daily News is also offering 580 million dollars. Cablevision is offering 650 million dollars. It is only because these companies have a local interest in the market that they are willing to pay above the 400 million dollar mark for a floundering newspaper.