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Newspaper Roundup: Yahoo; NYT; Tribune; Star-Ledger; NY Newsday/Cablevision

By David Kaplan - Wed 30 Jul 2008 01:03 PM PST

-- Yahoo Newspaper Consortium: While Yahoo (NSDQ: YHOO) does not release the financials related to its Newspaper Consortium, but some of the ad and content alliance’s members do. Last week, Media General (NYSE: MEG) said it expected more than $7 million in revenues from the partnership this year—up from last year’s $3.5 million tied to the Newspaper Consortium. In Q2, MG’s partnership with Yahoo HotJobs generated $2 million in revenues, helping to partially offset a 4 percent drop in classified revs. Yahoo did announce some traffic success for the program, saying that as of last month, the Newspaper Consortium passed the 100 million mark in pageviews since the program started last August.  (Release)

-- NYT: Readers who turn to the NYTimes.com home page will have a choice of “regular” or “extra” later this year. The “Times Extra” version will offer links to other news sites and blogs alongside the articles that the Times publishes. The usual home page, sans aggregated content, will still be an option for users who aren’t interested in non-Times coverage. (NYTimes via Romenesko)

-- Tribune: The Orlando Sentinel has cut 52 newsroom posts in July in two rounds of layoffs. The central Florida paper was the first Tribune property to undergo the company-wide redesign that began last month. Since the start of the year, The Sentinel has eliminated 153 posts from a total of 1,150 employees as of last fall. (OrlandoSentinel.com). Separately, BusinessWeek takes a long, jaundiced look at Tribune, and questions Sam Zell’s “brilliance as a businessman.

-- Star-Ledger: The New Jersey daily inaugurated its first live online video show this week. The show, Ledger Live, is airing daily at noon. Jeff Jarvis on Buzzmachine likes what he sees so far: “I’m delighted to report that it bears no resemblance to television. That was the point.”

-- NY Newsday: Cablevision (NYSE: CVC) has completed the acquisition of its 97 percent stake in Long Island-based NY Newsday. The company will be run through a partnership with The Tribune Company, Newsday’s previous owner. The $632 million deal passed anti-trust regulatory hurdles last week. (Release)

Posted in: Advertising, Broadband, Companies, NYT, Tribune, Yahoo, Media, Newspapers, TV, Cable & Telecom, VC+M&A, Mergers & Acquisitions



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