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Entries in Newspapers (3)

Wednesday
Aug142013

Study: Craigslist Took $5 Billion in Classified Ads from Newspapers

iStockphoto/Thinkstock(NEW YORK) -- A new study from New York University and Harvard Business School found that Craigslist has taken as much as $5 billion from local newspapers by providing online classified advertising services.

The report was headed by Robert Seamans, an assistant professor of management and organizations at NYU's Stern School of Business and Feng Zhu of Harvard Business School. The study found that between 2000 and 2007, classified ad buyers saved $5 billion due to Craigslist's entry into the market, Forbes said.

Meanwhile, those who would previously have posted classified ads in local newspapers now veer towards the free online classifieds of Craigslist.

According to Forbes, the study did not take into account newspapers such as the New York Times, Wall Street Journal or USA Today, in order to maintain a "homogenous sample" of local newspapers reliant on classified advertising.

As a result of the drive towards Craigslist, the researchers found that newspapers dropped the rates charged for placing classified ads and increased both their subscription and newsstand costs.

Copyright 2013 ABC News Radio

Thursday
Aug112011

Newspaper Thefts on the Rise, Couponers to Blame

Glowimages/Getty Images(MOULTRIE, Ga.) -- Newspaper thefts are on the rise, thanks to extreme savers who want more coupons.

Moultrie, Ga., has seen a dramatic increase in thefts, especially of the Sunday edition that typically has more coupons than the weekday papers.

"There is like a coupon ring that they're doing. They want the coupons and get very obsessive with them," said newspaper carrier Michaelyn Blackwell who believes popular TV shows such as Extreme Couponing are to blame for the recent thefts.

Some thieves, she says, have started taking the entire newspaper vending machines that can each weigh as much as 100 pounds. Blackwell says she now chains the machines together to make them tougher to steal.

The report of rising newspaper thefts follows the arrest of an Arkansas woman on August 7, who stole approximately 185 newspapers, worth $231.25, to feed her coupon habit. Jamie VanSickler was charged with misdemeanor theft. She told officers she is part of a coupon club and that she did not know she was doing anything illegal, according to her statement on August 5. She claimed she was just trying to save money.

Extreme couponers behind the thefts who are preoccupied with price may want to consider the hefty cost of the crime. If caught stealing a newspaper, violators can face fines up to $1,000 over a paper that might have cost them 50 cents.

Copyright 2011 ABC News Radio

Friday
Dec102010

Sign of the Times: Standard & Poor's Adds Netflix to S&P 500

Photo Courtesy - Getty Images(NEW YORK) -- The online movie rental and streaming service Netflix is being added to the S&P 500, Standard & Poor’s announced Friday, while The New York Times Company will be dropped to the S&P 400.

It’s just the latest example of how the digital age is proving unkind to the newspaper business. Print media is losing readers, advertisers and money as people turn to the Internet and rapidly advancing technology. Newspapers have struggled since the emergence of digital media and venerable publications like The New York Times are losing their dominance.

The change is set to take affect Dec. 17 after the close of trade.

Copyright 2010 ABC News Radio







ABC News Radio