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A Mixed Bag From the New York Times: Q2 Costs Got Better, Ads Got Worse, and Web Dollars Disappeared | Peter Kafka | MediaMemo | AllThingsD
We saw a mini-rally in newspaper shares yesterday, based on the notion that the worst may be over for the industry. But the New York Times' Q2 results are pretty inconclusive: The publisher was able to take a big chunk out of costs, but revenues kept on plunging, and Web ads dropped by more than 15%. The paper did say, though that things got less bad as the quarter progressed, and that they'll get slightly less bad next quarter, too.
Virtual Goods + Mobile Payments = Small Market Worth Fighting For? | Peter Kafka | MediaMemo | AllThingsD
The promise of "virtual goods" -- pretend things you buy with real money in cyberspace -- has lured entrepreneurs and venture capitalists for years. Same goes for mobile payments -- using your iPhone instead of your Amex to buy stuff. But what if you combined the two? You'd have market that barely exists yet is worth fighting over. At least that's what Zong and Boku are doing.
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