A2: Media

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Crain’s New York Business publishes a profile of Advance Publications, a New York-based media conglomerate and Newhouse “family empire” whose holdings included the former Ann Arbor News and its successor business, AnnArbor.com. From the report: “Circulation at the company’s biggest [newspaper] property, Cleveland’s The Plain Dealer, was down 7% in the most recent six-month reporting period, to an average of 253,000 copies. The Star-Ledger in Newark – which lost 40% of its newsroom in cutbacks two years ago – saw circulation fall 9%, to 223,000 copies. And last year, The Ann Arbor News was reduced to AnnArbor.com, with a print edition appearing just two days a week. Revenues for the newspaper group plummeted 26% in 2009, to $1.3 billion, according to Ad Age.” [Source]