Advertising spending continues to be somewhat choppy in our markets, but we do not view December's results as indicative of a trend in advertising performance going forward. |
Christmas was on a Sunday in 2005, which had a greater than expected negative impact on retail and classified advertising during the last weekend of our fiscal year. In addition, our California papers had held up well in automotive advertising, but the industry-wide decline in this category reached them in the fourth quarter as well. |
December advertising, which was down one per cent, resulted in fourth-quarter results below our expectations. |
Definitely we have the view of the newspaper being the core, as far out as we can project. |
Finding the right home for these papers has been a high priority for us since the announcement that we would be selling 12 of the Knight Ridder newspapers. This transaction highlights our ability to deliver quickly on our divestiture plan, and we are delighted with the sales price. |
Finding the right home for these papers has been a high priority for us. |
Football, soccer, rugby, lacrosse are going to probably be the priorities from an athletic facility standpoint, |
Given the company's small amount of debt relative to its cash flow, this is a good time to return cash to our shareholders. |
I have nothing to say! |
I know what the conventional wisdom is. We hear it all the time: Newspapers are dead. That's all we hear. ... That's just wrong, it really is wrong. |
I think the best-case scenario, we will design the park next year and break ground on park construction in 2007, |
I think you can expect a more robust and interactive Web site here at The Herald. |
It's possible that (contract farming) could go another year. |
Newspapers are holding on to their national audiences better (than other media), but the negative side is we're more difficult to buy. The industry is aware of it. |
Newspapers are not dying. That's just wrong, and we are going to prove it wrong together. |