Home Front

A blog about the economy and the Sacramento-area real estate market.

April 21, 2009
As the media world turns...

  The New York Times Co. this morning reported big first quarter losses and a 27 percent drop in revenue, which leads me to a story I'm working on - namely, the fact that the big advertising slump goes beyond newspapers. Magazines, TV, radio are affected, although it seems as though newspapers are getting the worst of it during this recession.

   Interestingly, people I've talked to in the Sacramento media market are somewhat upbeat. They're not minimizing the effect of the downturn, but they say they're seeing some of the glimmers of hope the president keeps mentioning. So we'll see.

    The Bee's parent, The McClatchy Co., reports its Q1 results Thursday morning.

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