Capital Newspapers, the publisher of The Capital Times and the Wisconsin State Journal, is investing in a new arts and entertainment weekly to be distributed in the same city as longtime AAN member Isthmus. The youth-oriented Core Weekly will launch in late August, The Capital Times announced. Catherine Nelson, associate publisher of Milwaukee's The Shepherd Express, has been named Core Weekly's publisher.

The word on the street (K Street) is that cash from 527 group coffers will start to flow online just as the broadcast ad ban hits, 60 days prior to the election. Dollars from these tax-exempt issue advocacy and voter mobilization organizations have already begun to trickle toward the 'Net, albeit tentatively. Prominent groups like America Coming Together and The Club for Growth, as well as lesser-knowns such as The Committee for the Advancement of Stem Cell Research, are poised to--or are currently running--Web ad campaigns.

Newspapers might be doing better than other media -- especially radio -- when it comes time for ad revenue growth, but that's not saying much. The torrent of ad revenue expected this year is turning out to be more of a trickle. According to a report released today by Goldman Sachs, investors are increasingly asking, "Where's the Beef?"