Newspaper Circulation Takes a Hit

Ouch! :

"The circulation declines of American newspapers continued over the
spring and summer, as sales across the industry fell almost 3 percent
compared with the year before, according to figures released yesterday.

The drop, reported by the Audit Bureau of Circulations,
reflects the growing shift of readers to the Internet, where newspaper
readership has climbed, and also a strategy by many major papers to
shed unprofitable or marginally profitable print circulation.

Among the nation’s largest newspapers, only a handful held their own
or registered slight increases in overall paid circulation for the
period from April 1 to Sept. 30: USA Today, The Philadelphia Inquirer,
The Houston Chronicle and The St. Petersburg Times. Most papers showed
significant declines, both weekday and Sunday."

We looked at this issue in a prior linkfest: Why You Didn’t Pay To Read This.

Circulation_paper_2


>

Source:
More Readers Trading Newspapers for Web Sites
RICHARD PÉREZ-PEÑA
NYT, November 6, 2007
http://www.nytimes.com/2007/11/06/business/media/06adco.html

See also

Why You Didn’t Pay To Read This   
Tim Harford   
Slate, Saturday, Oct. 27, 2007, at 6:29 AM ET   
http://www.slate.com/id/2176626/

5 newspaper giants in talks about online ad network
By Michael Oneal | Tribune staff reporter
November 6, 2007
http://www.chicagotribune.com/business/chi-tue_tribune_1106nov06,0,1513237.story

Category: Digital Media, Financial Press, Web/Tech

Christmas is looking a bit dreary . . .

Category: Consumer Spending, Data Analysis, Economy, Real Estate, Retail

Financials: Worse than they look?

Category: Corporate Management, Credit, Derivatives, Earnings, Psychology, Real Estate, Valuation

Free Economist?

Category: Financial Press

Tesla Demo

Category: Technology

Quote of the Day: That’s Not a Central Bank . . .

Category: Federal Reserve, Inflation

When Does GM Get Kicked Out of the DJIA?

Category: Corporate Management, Economy, Financial Press, Markets, Valuation

Crude Oil = $98; Gold = $845

Category: Commodities, Currency, Energy, Federal Reserve, Inflation, Markets

Eagles Disintermediate Major Labels, ITMS

Eagles_055819

The Eagles — the multi-platinum selling alt country/rock band circa 1970s — are trying an interesting sales strategy for their first studio album in 28 years.

For the new disc, it appears that there is:

- no recording label participation;
- downloads at their site only;
- physical 2-CD Set purchased only at Wal-Mart, or ordered at their site ((Eaglesband.com).

2_their_greatest_hits

The band cranked out over 700,000 discs in the first week — not too shabby for a double disc.

For you young ‘uns, the album Eagles: Their Greatest Hits 1971–1975 is the all time best-selling album in the U.S. (according to the RIAA); Their album Hotel California is #18 on the all time top selling list).

What’s really interesting is the downloading — the double disc is available for in two formats: MP3 256k for $10.88, and in FLAC lossless for $11.88, directly from the band’s website. 

I am not sure, but it appears that both the labels and Apple’s iTunes have been cut out of the picture.

(I’ll update this as I learn more)

>

Update: November 7, 2007 5:52am

The Eagles made a
direct exclusive deal with Wal-Mart for physical album — no label involved.

The band
sold the album to Wal-Mart on a one-way basis (meaning, no returns). 

1_hotel_californiaMy anonymous industry source adds:

"If memory
serves, I believe they bought 3.6M units at $8 or $9.  The Band pays
manufacturing costs and publishing (most of which goes to themselves as writers)
and keeps the rest. Pretty nice haul. I haven’t confirmed with the
manager, but I believe the downloads are being done by the band through their
site only."

Again, no iTunes, no labels . . .

>

Sources:

Eagles
Wikipedia
http://en.wikipedia.org/wiki/Eagles

Top 100 Albums   
RIAA 
http://www.riaa.com/goldandplatinumdata.php?table=tblTop100

Revised Chart Policy Lands Eagles At No. 1
Mitchell Peters
Billboard, November 06, 2007, 8:30 PM ET
http://www.billboard.com/bbcom/news/article_display.jsp?vnu_content_id=1003668840

Previously:

JT bypasses the Labels   
http://bigpicture.typepad.com/comments/2004/12/james_taylor_by.html

Read More

Category: Digital Media, Music

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Category: Energy, Taxes and Policy