Presstime is a USA magazine covering Print Media Business. The flagship publication of the Newspaper Association of America, Presstime reaches top newspaper executives across all departments with information about the issues that affect newspaper operations today and in the future. Presstime ceased publication as a print magazine after releasing the May 2009 issue. It continues as an online-only service. This magazine is owned by Newspaper Association of America. The web site is presented in the English language.
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Mondo Times editors Boulder Colorado USA | Posted at 12:52pm on Wednesday, June 10th, 2009 | Newspaper print advertising revenue plunged in the first quarter of 2009, according to numbers published at the Newspaper Association of America (NAA) website.
Print advertising revenue dropped 29.7% during the first quarter of 2009 compared to the same period last year to $5.9 billion, according to the NAA.
Online ad revenue also dropped, although not as much as print (falling 13.4% in the first quarter of 2009) to $696 million.
The total decline in newspaper advertising sales (print and online) was 28.3% in the first quarter of 2009.
The hardest-hit newspaper ad category was classifieds, which fell 42.3% in revenue to $1.5 billion for the quarter.
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Eric Kallgren Boulder, Colorado USA | Posted at 9:17pm on Thursday, April 30th, 2009 | Presstime magazine will become an online-only service. The last print edition of Presstime will be the May 2009 issue, Editor & Publisher reported on April 29, 2009:
"While its members struggle under a punishing economic downturn and a secular transition to digital, the Newspaper Association of America is cutting its staff by 50% and will cease publication of the print edition of the magazine Presstime.
The association trimmed 39 positions this afternoon in response to the downturn in the industry, with 43 staffers remaining. In a memo to employees, President and CEO John Sturm wrote the steps were necessary and were taken at the direction of the board. "To be direct, industry economics compelled this round of staff reductions - to ensure we remain an affordable value to our members," he wrote.
Sturm also said the association is looking to further reduce member dues.
The last print edition of Presstime will be the May 2009 issue but the NAA will continue to publish a digital form. "Continuing the Presstime mission online is part of the transformation very much in line with the changes our members are making to their own businesses," Spokesperson and Presstime Publisher Su-Lin Cheng Nichols said."
The full story:
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003967747
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