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New York Times Gains Digital Subscribers, But Revenue Drops (FishbowlNY)
Circulation revenue at the company rose by seven percent during the last quarter, thanks in large part to the success of digital subscriptions. However, overall revenue dropped by 0.6 percent because ad earnings crashed by almost nine percent.
Meredith Reports 26 Percent Increase in Local Revenue (TVSpy)
Meredith Corporation reported a +26 percent increase in local media group revenues for the fiscal first quarter of 2013, the company announced today.
Initial Jobless Claims, Still Volatile, Dropped 23,000 Last Week (Los Angeles Times)
First-time claims for unemployment benefits continued their recent roller-coaster ride last week with the second big drop in the last month, but economists said the overall trend is consistent with moderate -- though not great -- job growth.