Morning Media Newsfeed: Times Co. Posts Loss | Carvin Mulls Buyout | USA Today‘s Circ Up

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Times Co. Posts Loss, Hurt by Sale of Boston Globe (NYT)
The New York Times Company reported a quarterly loss on Thursday, attributable in large part, the company said, to expenses related to the sale of the New England Media Group, which included The Boston Globe and some pension expenses. But analysts said the results were still positive because the company closed the chapter on selling off its portfolio of tangential assets and shifted its focus to its more profitable core product, journalism by The New York Times, its website and the International New York Times, formerly known as The International Herald Tribune. TheWrap The company posted a loss of $24 million, or 16 cents per share, for the three month period ending in October, compared with a gain of $2.7 million or two cents a share in the same period a year ago. Total revenues increased 1.8 percent to $361.7 million, up from $355 million the previous year. That was slightly less than the $417.3 million in revenues Wall Street had projected. Cost cutting paid off at the newspaper company, as operating profit rose to $12.9 million, compared with $8.9 million in the same period a year ago. Bloomberg The publisher now relies more on readers than advertisers for its revenue, and CEO Mark Thompson is working to meet new demand by creating tiered packages of content at different prices. Reuters More troubling is the decrease in digital advertising, once touted as an area of growth as print sales wither. In the third quarter, digital advertising fell 3.4 percent while print ad revenue dropped 1.6 percent. The turn in digital ad sales has to do with the rise of advertising exchanges, which puts pressure on prices. Capital New York The New York Times‘ sales team got a vote of confidence from Thompson, just two days after a report that the paper of record’s sales reps are struggling. On a conference call with Wall Street analysts Thursday morning, Thompson touted Meredith Kopit Levien, the Times‘ new executive vice president of advertising, who “has already begun to make an impact on the structure and organization of our sales team,” he said.

NPR’s Twitter Maven Andy Carvin Says He Will Probably Take Buyout (The Washingtonian / Capital Comment)
Taking the buyouts announced last month at NPR are longtime producer and news reader Jean Cochran and off-mike veterans Stu Seidel and Kee Malesky. The surprise on the list is social media guru Andy Carvin, who has only been with the organization seven years, and has become a well-known figure online for his coverage of the Arab Spring, helping to expand the role of social media in newsgathering. Poynter / MediaWire “Earlier this fall, NPR announced it would offer buyouts for staff to help balance the company’s budget by reducing the workforce by about 10 percent,” Carvin explained. “Surprising even myself, I must admit, I threw my hat into the ring. Last Friday, I learned NPR has accepted my buyout request.” But Carvin hasn’t yet accepted it. The Washington Post / Erik Wemple Buyouts aren’t new to the news industry. The Post, for example, has cycled through a bunch of them dating back about a decade. Yet, here’s a question: Has anyone so brilliantly and nakedly leveraged such an opportunity?

USA Today Jumps to Most Widely-Circulated Daily Newspaper (TheWrap)
USA Today is the most widely-circulated daily paper in the country, according to the Alliance for Audited Media’s semi-annual report. The paper boasted an almost 70 percent growth year-over-year in average weekly circulation, from 1.71 million to 2.88 million, thanks largely to mobile app usage data being included for the first time. Its print-only circulation, on the other hand, actually dropped by 19 percent. Poynter / MediaWire Trouble is, that’s misleading. The Alliance for Audited Media has tracked a wide range of content distribution methods, including smartphone and tablet apps, for years, according to Neal Lulofs, AAM executive vice president. There’s nothing new in this six-month reporting period allowing USA Today to report visits to its apps as part of its overall circulation number in a way it couldn’t have done before. NY Post “Digital been our biggest area of concentration over the past year,” said president and publisher Larry Kramer. About 130,000 of the gain comes from a promotion with daily digital users through the Hilton Hotel chain.