24/7 Wall St. has created its list of the ten major daily papers that are most likely to fold or shut their print operations and only publish online. In at Number 3:
3. The Miami Herald, which has a daily circulation of about 220,000. It is owned by McClatchy, a publicly traded company which could be the next chain to go into Chapter 11. The Herald has been on the market since December, and but no serious bidders have emerged. Newspaper advertising has been especially hard hit in Florida because of the tremendous loss in real estate advertising. The online version of the paper is already well-read in the Miami area and Latin America and the Caribbean. The Herald has strong competition north of it in Fort Lauderdale. There is a very small chance it could merge with the Sun-Sentinel, but it is more likely that the Herald will go online-only with two editions, one for English-speaking readers and one for Spanish.
This is very depressing news for a quarter of a million of us readers. Now the politicians will only have irritating little blogs to look over their shoulders.
11 comments:
... well, there is a hell of a lot of fraud that the Herald did NOT uncover.
Apparently people in Miami don't read. Too busy hustling for that mortgage.
This is serious stuff. As bad as any of you think the newspaper is...it will be so much worse without it.
The Herald has been such a HUGE disappointment as they have kowtowed to Real Estate advertisers such that they did virtually no "investigative journalism" on mortgage fraud and many of the ridiculous excesses of the Real Estate industry. We live in a very corrupt city and they have not been any near the vanguard investigative journalism with that regard either. They have long since given up catering to readers and serving Miami at the expense of advertisers, no wonder readership has suffered. Good riddance. The New Times does a better job of investigative journalism.
As critical as I have been of the Herald and its lamentable coverage in a number of important areas, I have to agree it would be a loss.
I also thought it was a loss when when the Miami News got swallowed by the Herald.
220,000 readers means 10% of Miami-Dade County, population 2.2 million. That means 90% could not care less about fraud or anything else that the Herald publishes--and that does not include the peple who subscribe only for sports and Tropical Life
If they did more investigative articles that would increase readership. They care more about the advertising dollars than the exposing of the crooked. The Herald does have some very good writers, sometimes they are a little late though. Poverty Peddlers and House of Lies come to mind. The PTP deal, the carryover of district funds, the non-bids, Arsht, MIA and of course our crooked commissioners warrant a ten part series. One story for each.
That has led to much of this blogs interest by your readers. How many hits does this blog get a day?
How many hits a day? 9 or 10.
....or was it 220,000? One or the other.
I want to know how the heck I am supposed to read the Herald on potty? My lap top doesn't work too well in there.
I hate reading the paper on-line anyway...it is not exactly portable; you can't read it on the train or in a restaurant or without the Internet. Duh. How useful is that?
Back in 2006 or there about, the Herald did a marketing study and decided that it was the younger folks (30 year-old someones)who read the paper. So, they reduced the type size. That was just wonderful. One of their editors actually mentioned that study at a Chamber South breakfast. Can you imagine telling that to a room full of 50 year-old someones who are subscribers, "Hello, people you are not our target audience any longer. Enjoy your eggs and toast."
For the record, I tried the "Digital" edition last week, and it didn't work. I doubt I will keep paying them to send me a subscription for computer news. I already hate them for their pop up and under and across the screen ads.
Maybe it is time that a new newspaper steps up to fill the real paper gap.
The Miami Herald has missed 3-4 of the biggest 10 scandals in Miami-Dade County History.
The condo overbuilding scam...
The Marlins Bailout scam...
The all Latin Builders all the time Greater Miami Chamber of Commerce scam...
The Performing Arts Center scam...(Oh, that was supposed to increase the value of Miami Herald real estate...)
When you are that brain dead you deserve to fail.
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