Rick Edmonds

media business analyst

[Rick Edmonds @RickEdmonds]

Bad times at Twitter may be good news for Substack. Co-founder Hamish McKenzie says, "It is a place where (writers) can do their best work, get paid for it, and retain ownership over all the things that matter." https://t.co/aIfOD3yQfc

[Rick Edmonds @RickEdmonds]

Gannett tells its news division another round of layoffs is coming -- 200 jobs starting December 1. https://t.co/mND13U6ebu

[Rick Edmonds @RickEdmonds]

Signal Cleveland launched this morning. It's a $7.5 million nonprofit with aspirations to become a model for reaching underserved communities. -- and the biggest yet of the American Journalism Project's 33 grantees. https://t.co/wUEC3idQcF

[Rick Edmonds @RickEdmonds]

Remember Fox News's decision to go its own way and call Arizona's 2020 presidential race early for Biden -- nine days ahead of its network competitors? Why a decision desk duel could happen again this cycle. https://t.co/9KBW6McCJM

[Rick Edmonds @RickEdmonds]

Gannett's third quarter financial results aren't much better than the bleak second quarter was. But the nation's largest newspaper company has grown paid digital-only subscriptions beyond 2 million and is bringing down costs. https://t.co/5iPly48LzW

[Rick Edmonds @RickEdmonds]

In the hot, close and consequential Warnock-Walker Senate race, Georgia's five largest newspapers are not making an endorsement. Others, like the Philadelphia Inquirer, have stuck with the tradition that such editorials are a key part of informing voters. https://t.co/E1exVrkiLt

[Rick Edmonds @RickEdmonds]

The New York Times keeps growing its paid digital subscription base. But marketing and pricing are pushing news readers to sign on for an all-access "bundle" of Times offerings (Games, The Athletic, etc.) https://t.co/IXpmVjMYx1

[Rick Edmonds @RickEdmonds]

A tight timetable and rising opposition. The local news industry push to get federal legislation this supporting compensation deals with Google and Facebook is in peril. https://t.co/kHNDGUV9mh

[Rick Edmonds @RickEdmonds]

Inflation is proving especially painful for newspapers. Newsprint is up 25-30% in 2022, fuel for delivery drivers through the roof, as are wages, if they can even find workers for that unattractive job. https://t.co/L0KnekWOrC

[Rick Edmonds @RickEdmonds]

Gannett's already battered stock falls some more. Trading this week between $1.50 and $1.60 a share. The market is down for the last month (3%) but not nearly as much as GCI (29%). https://t.co/XCMkXw7LHs

[Rick Edmonds @RickEdmonds]

USA Today celebrates its 40th birthday today. Management pledges to double down on short and even shorter story formats. https://t.co/dRD0E6bV1I

[Rick Edmonds @RickEdmonds]

With page views down 20%, regional newspapers need to scramble to keep their finances in equilibrium and their push for paid digital subscriptions on track. https://t.co/JLLdH4V1zM

[Rick Edmonds @RickEdmonds]

Google's Innovation Challenge: 8-years-old, 260 grants, run out of Paris and a preference for small grants and replicable programs. https://t.co/VlbMs1vNLK

[Rick Edmonds @RickEdmonds]

After years of gestation, a bill to make Google and Facebook negotiate and then pay publishers for news content is making its way to the House and Senate floor. A primer on how it would work.
https://t.co/LL7oOPv2DZ

[Rick Edmonds @RickEdmonds]

Asheville Watchdog, a volunteer collective of retired reporters and editors, has had a two-year run of big investigative stories. But the Watchdog has now lost its best outlet, Gannett's Asheville Citizen Times, which prefers a hard paywall strategy. https://t.co/tLNpfXx4rh

[Rick Edmonds @RickEdmonds]

Cox Enterprise's acquisition of Axios looks like an M & A marriage made in heaven. It should accelerate the already breakneck expansion of Axios Local newsletters -- now in 24 markets and shooting for 100. https://t.co/caH1wsiUi6

[Rick Edmonds @RickEdmonds]

The New York Times shed all of its regional papers to concentrate on its core product while GateHouse/Gannett acquired more and more of them. That helps explain the diverging fortunes of the two companies. https://t.co/6MxZRGQaPY

[Rick Edmonds @RickEdmonds]

Gannett's financial results nosedive in the second quarter. Layoffs and other cuts are on the way, the company says. https://t.co/5SB2ngtXha

[Rick Edmonds @RickEdmonds]

In spite of softening advertising and heavy costs, New York Times Co. has reported strong financial results. Digital-only subscriptions were up 180,000 net in the second quarter. https://t.co/nCn3W7OmJV

[Rick Edmonds @RickEdmonds]

Selling news by the article has not caught on big despite many tries over the last 20 years. A 26-year-old hopes to reverse that with her early stage startup, Zette. https://t.co/jbk05FZDrp