Overall economic growth was more consistent in 2004 than 2003, rising at what many economists considered an "above-trend" level. When the final figures are in for the full year, 2004 will probably have an increase in Gross Domestic Product of about 4.4 percent. That is about a full percentage point above what many consider to be the underlying growth potential for the economy
Goldman Sachs, an investment firm not holding a conference next week, put together a handy primer on what to expect for 2005. And judging from analyst Peter Appert's views, it's not much.
The trouble started in 1998, when the Chicago Sun-Times broke ground on a new printing press on the south side of Chicago. The start-up process was a "nightmare," the publisher said. The press malfunctioned, causing the paper to hit the streets late and leading to mass subscription cancellations.
Any goodwill towards newspaper companies for strong performances in August may be short-lived. September is more than halfway through and already several companies are warning that in the end it won't look pretty.
The summer of scandal in the newspaper circulation business has left advertisers and agencies worried about what could possibly be next. Most say they are placing increased scrutiny on audience statements and newspaper ad budgets, though they believe the power of the medium will protect it from any immediate advertiser backlash.
The new issue of the Dig looks a lot like The Boston Phoenix, with bylines that are plays on the names of Phoenix staff writers. The Boston Globe Names columnists Carol Beggy and Mark Shanahan report that the parody is the latest episode in a dispute over advertising tactics (third item). Dig publisher Jeff Lawrence has challenged Phoenix publisher Stephen Mindich to a one-mile footrace on April 19, with the loser required to make a donation to charity. Mindich hasn't responded.
Readers who are young (but not too young) and active attract peddlers of drink to alt-weeklies, and it shows in all the ads promoting liquor, beer and clubs. To compete with radio for those coveted ad dollars, some AAN papers cosponsor pub crawls, beer fests and jazz festivals—any event that involves good times and a bit to imbibe. Regional and national purveyors of alcohol are taking notice.
Potential advertisers in alternative newsweeklies want to know not only how many people their promotions will reach but what types of people. How old? How educated? How rich? To supply answers, publishers of AAN papers rely on firms that do market comparisons and readership surveys. But, sometimes, research techniques don't quite deliver what publishers are looking for.
Competition from behemoth discounters like Wal-Mart and free downloading of music from the Internet had the giant record retailer singing a sad song in court Monday. The 93-store chain based in West Sacramento, Calif., intends to keep operating its stores as it reorganizes, its chief executive tells Reuters.
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