Washington Post Co. will combine the business section with its front section Monday to Saturday, dropping it as a standalone from its flagship newspaper to save on paper costs. The plan was announced to employees in a memo from four editors today, said Kris Coratti, a spokeswoman for the Washington-based publisher. The changes, effective March 30, also include trimming stock-price listings to a half-page. The actions ‘allow us to save on newsprint, an important objective in these times, the memo said. ‘These moves will allow us to continue providing the features that our readers tell us they most value in the newspaper. Newsprint prices jumped 32 percent in 2008, according to Foex Ltd. in Finland. The Post will also begin running a daily page devoted to local business, rather than a weekly section. The newspaper will run fewer comics in its Sunday print editions, moving some to its Web site, and will eliminate one of its crossword puzzles. Washington Post fell $10.61, or 3 percent, to $344.34 at 4:02 p.m. in New York Stock Exchange composite trading. The shares have declined 12 percent this year.
Saturday, March 14th, 2009
Washington Post Drops Weekday Business Section
Author: GREG BENSINGER
Source: Bloomberg
Publication Date: 13-Mar-09
Link: Washington Post Drops Weekday Business Section
Source: Bloomberg
Publication Date: 13-Mar-09
Link: Washington Post Drops Weekday Business Section
Stephan: The essential contribution newspapers make to the social good, is that they have provided a viable economic model that allowed the aggregation of expertise to work in the service of continuing independent oversight. We need to find a new economic model that will do this, because the function is necessary to a properly functioning democracy.