Media Thrives Covering Death of Media

Tim Geithner on last cover of Portfolio, Conde NastThe rapid demise of traditional media is fueling a new media stream, most notably on Twitter, chronicling day-by-day media death blows. The merciless axe fell today on Conde Nast’s slick business mag Portfolio, launched two years ago during boom times with lots of fanfare and a big budget. Peter Kafka, wsj.com ‘All Things Digital’ MediaMemo blogger got a jump on the competition with his as-it-happens tweets (http://twitter.com/pkafka) about the end of the print & web-versions of Portfolio.

  • May issue, out now (Tim Geithner cover), is Conde Nast Portfolio’s last. Web site to close “in the second quarter” http://bit.ly/1517il about 2 hours ago from TweetDeck
  •  Conde Nast publisher David Carey : “The company is deeply grateful to Portfolio’s readers ” http://bit.ly/1517il about 3 hours ago from TweetDeck 
  •   Conde Nast declines to comment re: Portfolio shutdown. http://mediamemo.allthingsd… about 4 hours ago from TweetDeck
  •    Source tells me Conde Nast is shuttering Portfolio and is informing staff right now. Posting ASAP about 4 hours ago from TweetDeck

Also see http://twitter.com/themediaisdying

Matthew Bishop of the Economist says: “After tweeting for a week, I am already convinced that Twitter is the “killer app” for journalists, and will hasten the end for newspapers.” Follow him @mattbish

According to the latest semi-annual report from the Audit Bureau of Circulations, the Wall Street Journal is alone among the top 25 U.S. newspapers in reporting higher weekday circulation for the six months ending March 31, 2009, than for the same period a year earlier. Its circulation of 2,082,189 constituted a 0.6 percent increase. The New York Times (-3.6 percent), the Washington Post (-1.2 percent), the Los Angeles Times (-6.6 percent), the Chicago Tribune) (-7.5 percent), Newsday (-3 percent), New York Daily News (- 14.3 percent),  New York Post (-20.6 percent).

Speak Your Mind

*