The Old Media
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The 'Times' Makes More Than Half a Million Dollars a Day on Papers' Websites

Over the course of 2010, the digital advertising revenues for the New York Times News Media Group—that's largely the papers' websites, like the Globe and the Timeswere $212.2 million. That's $581,369 a day. Continuing the trending, print revenues were down and Internet revenues were up—all told, digital income was 16.2% of the Times Company's revenue throughout 2010. Total debt and "capital lease obligations" stand at about $996 million; operating profit for the year was $384.3 million.

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Big Newspaper Just Dying on the Internet

"The number one video on MiamiHerald.com last year got about 26,000 views and was a feature on how to handle frozen iguanas." —That comes from this tribute to the success of the Miami Herald in doing original web video. I don't even know what to say about this! You make a video about handling frozen iguanas—an Internet sweet spot if there ever was one!—and you can't get more than 26,000 views? Well, things are not great: coverage of the earthquake in Haiti "doubled MiamiHerald.com’s total monthly traffic to 1 million hits last January…. The site’s videos generated 7.5 million hits altogether last year." Well. God bless them for [...]