Friday, April 22, 2011
New York Times adds 100,000 digital subscribers
Web-only plans for the Times start at $15 per month
The Times says it will share some subscription revenue with Apple by June 30RELATED TOPICSThe New York Times CompanyApple Inc.Media (CNN) -- Internet activists, perhaps today's new generation of hippies, often chant the mantra that "information wants to be free." The New York Times may have silenced some of them on Thursday. The venerable news outlet announced that 100,000 people had signed up for digital subscriptions in the first month since they were offered. The Times erected a pay wall on its site March 28, forcing readers to subscribe if they wanted to click on more than 20 articles per month. The digital plans range from $15 to $35 for four weeks of access, depending on which device you want to read the articles on. An early promotion let subscribers pay 99 cents per week. So, 100,000 new digital subscriptions in four weeks for the nation's third-largest newspaper -- is that an impressive figure? "If you're The New York Times, no," said Alex Daley, an analyst for Casey Research. "The New York Times is the Apple of the journalism world," he added. Daley believes that Web-only subscription rate could be hard for the Times to sustain and grow. "There's no virtuous cycle in a subscription business like this," he said. "Over time, the sales are actually going to get harder than easier." By June 30, the Times will start giving Apple 30% of revenue from users who sign up for a subscription via its app on the iPhone or iPad, said Eileen Murphy, a spokeswoman for the news organization. As of last month, the Times' app for Apple devices had been downloaded 7.8 million times, she said. "Apple creates innovative products that our readers love, and it is important for us to make the Times available on those platforms where our readers want us to be," she wrote in an e-mail. Let's crunch a few numbers: Apple sold 4.69 million iPads in the last three months -- "every iPad 2 we were able to make," Peter Oppenheimer, the financial chief said -- versus the Times's 100,000 digital plans. The Times' Web-only subscription base "should be in the millions, but it's going to take them time to get there," Daley said. "It's an adjustment for their customers. It's an adjustment for their business." The Times' financial health, like that of many print-centric media companies, is less than stellar. The company's profits fell sharply over the last few months due to a struggling advertising market. "You have a business still whose core revenue model is changing dramatically," Daley said. "You're talking about a company that is half advertising-based, half subscription-based." The newspaper's circulation and its subscription revenue have fallen while newsprint costs have risen. That's despite online postings from a few outspoken cost crunchers who discovered that it's cheaper in some cases to subscribe to the paper's Sunday print edition, which comes with free digital access, than to buy a digital-only plan.
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Saturday, April 16, 2011
Moms angry after kids were served booze at chains 1,000 miles apart
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Thursday, April 14, 2011
Kobe Bryant fined $100,000 over anti-gay slur
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Thursday, April 7, 2011
Labor Department Reports 382,000 Unemployment Claims Last Week
WASHINGTON -- Fewer Americans applied for unemployment benefits last week, extending a multi-week downward trend that gives hope employers will continue new hiring.
The Labor Department says the number of people seeking benefits dropped 10,000 to 382,000 in the week ending April 2. However, that 392,000 was revised upward by 4,000 from initial reports.
Even so, benefit claim reporting for the week ending April 2 showed the third drop in claims in four weeks. The four-week average of applications, a less volatile measure, declined to 389,500.
Applications near 375,000 are consistent with a sustained increase in hiring. Applications, which reflect the pace of layoffs, peaked during the recession at 659,000.
The number of people seeking benefits has fallen for several months. The four-week average has dropped by 28,750, or nearly 7 percent, in the past eight weeks. At the same time, businesses are stepping up hiring.
Employers added a net total of 216,000 jobs last month, the Labor Department said last week, and the unemployment rate fell from 8.9 percent to 8.8 percent. Private employers added more than 200,000 jobs in both February and March, the biggest two-month gain since 2006.
The number of people collecting benefits also dropped. The total dipped slightly to 3.7 million during the week ending March 19, one week behind the applications data. That's the lowest total since October 2008. But that doesn't include millions of people receiving aid under the emergency unemployment benefit programs put in place during the recession.
Overall, 8.5 million people received unemployment benefits in the week ending March 19, the latest data available. That's down sharply from the previous week, when nearly 8.8 million people collected benefits.
The Associated Press contributed to this report.
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Friday, April 1, 2011
Virginia Tech fined $55,000 in shootings
Injured individuals are carried out of Norris Hall at Virginia Tech on April 16, 2007. Seung Hui Cho killed 32 people and himself.
EnlargeCloseFile photo by Alan Kim, The Roanoke Times, via APInjured individuals are carried out of Norris Hall at Virginia Tech on April 16, 2007. Seung Hui Cho killed 32 people and himself.
The failure warrants a fine "far in excess" of that, a letter notifying the university said, but $27,500 per violation was the most allowed by law. The university also was cited for failing to follow its own security policy, required by law, on crime warnings.The department cited the school for violations of the Clery Act, which requires schools that receive federal aid to issue a "timely warning" when a serious crime is committed on campus. The law is named for Jeanne Clery, a Lehigh University freshman murdered in her dorm room in 1986.Virginia Tech said in a written statement it will appeal. "Neither the Department of Education nor the Clery Act defines 'timely,' " the statement said. "The university actions on April 16 were well within the standards and practices in effect at that time."A survivor of the shootings, Virginia Tech graduate Colin Goddard, applauded the fine."I think what's important is it was the maximum they could fine," said Goddard, 25, who was shot four times by Virginia Tech student Seung Hui Cho. He is assistant director of federal legislation with the Brady Center to Prevent Gun Violence. "It's not a surprise. I knew that the school had acted too slowly four years ago."At about 7:15 a.m. on the day of the rampage, Cho fatally shot two students in a residence hall. At 9:26 a.m., school administrators e-mailed students and staff to say there had been a shooting; the e-mail did not say the killer had not been identified.Between 9:40 a.m. and 9:51 a.m., Cho shot 47 more people in Norris Hall, then fatally shot himself.The Education Department letter says students and staff continued to move freely around campus, unaware of the danger."The facts that the assailant had not been identified, a weapon had not been found at the scene and that bloody footprints led away from the bodies strongly indicated that the shooter was still at large, and posed an ongoing threat," Education official Mary Gust wrote.After the first shooting and before the warning, she said, two senior administrators e-mailed their families, bank deposit pickups and campus trash pickup were canceled, and Blacksburg public schools were locked down.Virginia Tech said that its own guidelines at the time of the shootings said 48 hours would be an acceptable time frame in which to inform a campus of a serious crime. The school complained it is being held accountable for a standard adopted after its own tragedy.A representative of Security on Campus, an organization launched by the Clery family, disputed that."All the provisions that they were found to have violated had been part of the original statute enacted in 1990," S. Daniel Carter said.He said the case has broader national policy implications."It sends a very important message to other colleges and universities that their timely warning policies have to be taken seriously," he said.For more information about reprints & permissions, visit our FAQ's. To report corrections and clarifications, contact Standards Editor Brent Jones. For publication consideration in the newspaper, send comments to lettersView the Original article