The Newsroom That Spends More, Earns More

The first good news story about the newspaper industry that I’ve read in a while and I sure hope it ends up on the desk of editors and publishers of the country’s finest newsrags.

My colleagues and feel acutely futile arguing that rampant job-cutting at newspapers not only lowers the quality of the rag, but shrinks profits in the long run (we’re months from graduating, J-school, so give us a break), Finally, there’s a study to back us up.

The upside for papers to hire, hire, hire:

“If you invest in the newsroom, do you make more money? The answer is yes,” Esther Thorson, an advertising professor and associate dean for graduate studies at the University of Missouri’s School of Journalism, said in a statement.

Reuters discloses the ugliness of the recent management of the news media industry that is (I pray) at its nadir.

According to job outplacement tracking firm Challenger, Gray & Christmas, the number of planned job cuts in the U.S. media sector surged 88 percent to 17,809 last year.

Since the start of 2007, Time Warner Inc.’s Time Inc. said it would cut 289 jobs, and the New York Times Co. announced plans to shed 125 jobs and close foreign bureaus for its Boston Globe newspaper.

“Until recently, people have been doing it because the results looked good to investors on Wall Street, but it’s… ignoring the long-term aspects,” said marketing professor and study co-author Murali Mantrala.

The study (which I can find no mention of on the Missouri site) will be published in April’s Journal of Marketing

Geffen Sells Painting for $140M, Will He Spring for LA Times?

Enquiring minds want to know!

David Geffen netted a record $140 million for the sale of Jackson Pollock’s “No. 5, 1948,” according to the New York Times.

Uber-wealthy Mexican, David Martinez laid down the biggest wad of cash ever paid for a painting in history.

So, as suggested in Crain’s Chicago Business, is Geffen gonna make a move to save the increasingly more affordable Los Angeles Times?

Hmmmm…

Chavez Hijacks the U.S. Media — Again

Hugo Chavez took center stage on his visit this week to the United Nations in New York. He captivated the international audience, flooding the media with an onslaught of dramatic soundbytes possibly too ridiculous for even him to read (he claimed he had no prepared statements). The way Chavez steals headlines on no-news American weekends is similar to the successful tactics of his partners in Anti-Americanism in Iran and North Korea, thereby creating an around-the-world, multilingual, multicultural open-air echo chamber.

While the U.S. press is often blamed for toeing the government line and recycling — or enabling strawman arguments and misinfo, even more ridiculous is the tendency to provide a megaphone for the propaganda emanating from the swelling handful of America-hating leaders and regimes.

This is by no means a slam against the media — au contrair, the media takes care of itself — but the emptiness of the current administration’s commentary, whether on the domestic stage, ala Sept 11th anniversary, or at the U.N. this week, is opening up a dangerous black hole that is being increasingly capitalized upon by the “enemy.”

Chavez — a quasi-revolutionary buffon of sorts — gets unqualified, if not unbeliveable headlines comparing his likeness to Che Guevara, and feeds the fire with outlandish, ridiculous comments. Its no wonder that last week’s U.N. convention quickly turned into the Chavez Show. Never too slow to demonize the opposition, Chavez garnered the AP’s top story for his Bush as Devil tirade.

Chavez held up Noam Chomsky’s 2003 book, Hegemony or Survival: America’s Quest for Global Dominance and after it was snapped and printed and broadcast across the land it shot to #1 on Amazon’s bestseller list, garnering the Venezuelan president goofy comparisons to Oprah Winfrey.

By Friday, Hugo was all “Bush will kill me” for calling him the devil and “Bush should resign,” again taking his likeness to the top of U.S. headlines. Buried amid the looney toon lightsabering was the meager U.S. government response, “Democrats, Republicans criticize Chavez.”

Boston city councilor Jerry McDermott, who seriously recommended removing the Citgo sign visible beyond the Green Monster at Fenway (Chavez has consistently used Venezuela’s Citgo oil export brand as a political tool pandering to American society — and has provided low-cost oil for winter energy needs to low-income Mass. residents and more recently, New Yorkers and Philadelphians). Not to be one-upped, Chavez’s foreign minister raised hell Saturday alleging he was “illegally detained” by the U.S. government for “90 minutes” at the airport.

You can bet he made the most of his time.

UPDATE: Jules Crittenden takes on the AP in the Boston Herald article: “Does AP Stand for Al-Qaeda Propaganda?