Monday Note

amNewYork and the local edition of Metro have found their niche in the Big Apple.
The first one is profitable, with a revenue estimated to $18m-$20m and undisclosed profit. amNY is helped by its shareholder, Tribune Inc., which allows the free paper to reprint stories from Newsday and to benefit from its printing plan. Amazingly enough, the revenue is half the one generated by each of the two big free papers in Paris, 20 Minutes and Metro. Metro NY is not yet profitable, and its revenue is even smaller than amNY’s, at $14m. Both survive in the context of a rather depressed New York daily press.
> story in Crain’s

Be Sociable, Share!

• 

Related columns:

1. Paid-for-free papers: the mirage of the hybrid models TweetIn less than five years, major newspapers will be giving away more than 50% of their copies. We call this the hybrid model. It works like this: a paid-for newspaper (one posting a price on its first page) with a vast portion it circulation distributed in selected – that’s the key point — areas for [...]...
2. The Uncertain Future of Free Dailies TweetThere are signs. Not necessarily good ones. At ten in the morning in Paris, you still find piles of free dailies at almost every distribution point. At four in the afternoon, in the business district, outside one of the busiest subway stations, unopened stacks of copies of Metro lay soaked by the winter rain. Two [...]...
3. The battle for New York’s papers TweetAn update: Murdoch decides not to bid for Newday. The AP story. Five newspapers in New York. Ranging from the most respectable to the lowest tabloid. One is the object of a bidding war, another is under siege by Wall Street. Who will control NYC’s newspapers a year from now? Here is an overview of [...]...
4. Google — The case for buying Associated Press TweetWould it makes sense for Google to buy AP? Yes, says a contributor to Wired.Com. AP is a non-profit cooperative with 1500 members, many of them on the verge of extinction. (See the latest’s figures form the New York Times which is bleeding ad revenue at a yearly rate of 13%), or the terrible situation [...]...
5. Press is bleeding faster than ever Tweet“Tomorrow will be the final edition of the Rocky Mountain News. (…) You all did everything right, but the business model of the press changed, the economy changed and the Rocky became a victim of that”.  Last Thursday, these were Rich Boehne’s (CEO of EW Scripps) terse words when announcing the end of the 150 [...]...