DISQUS

VentureBeat: Mercury News cuts 101, as advertising income plummets

  • Brian Solis · 3 years ago
    It's sad and I hope they're looking at tapping the Valley's best and brightest to help them stop the bleeding and explore new ways to generate revenue - especially since the economy is encouraging businesses to loosen the purse strings again.
  • Kempton · 3 years ago
    Sad day indeed. I've come to read and trust Mercury News as a good source of news about the Valley. I hope MN can get through this rough patch and be stronger. Good luck and all the best to everyone at the MN and those that will sadly be leaving.

    Kempton
    Canada
  • Joseph Hunkins · 3 years ago
    Wow - is this simply from the migration of offline to online ad dollars?
  • Matt Marshall · 3 years ago
    Well, they got hammered in real estate in particular. Who is going to a newspaper to look or real estate these days? It's hard to tell exactly where it's going, but you can be sure it is mostly online.
  • Startups.in/India · 3 years ago
    That's sad. But what about the revenues from Merc's online site? Isn't that compensating to an extent? May be if they are doing so bad offline then it is time they focus driving up the revenues from their online presence. As someone wisely said "Opportunities are never lost -- someone else will take the ones you miss."
  • F Ho · 3 years ago
    It is sad to see this happen. However, I am surprised when you wrote "(t)his latest took everyone by surprise". I thought this was a main concern for MediaNews taking over SJMN; from my point of view the Knight-Ridder sale dragging on was a roller coaster ride, with sale to McClatchy being a high point and the mood reversing when the subsequent sale was announced. The smart ones are those that jumped ship before this happened (I am not trying to be harsh here, as one has to land another good job first). Didn't the same thing happened to the Oakland Tribune some years back when MediaNews bought it?