Chicago Tribune - No Stock Prices For You!

3 comments

Responding to a preference for online information the Chicago Tribune drops stock prices.

Effective Wednesday, Jan. 18, the Chicago Tribune will make several changes in its reporting on investments.

A major change will involve stock listings. The Tribune will continue to publish in the Saturday Business section a complete list of the closing prices of New York Stock Exchange and Nasdaq stocks and major mutual funds for the week.

On Tuesday through Friday, the paper will carry only the closing prices of the top stocks, the most active stocks, companies of local interest, the top mutual funds and other information. Much of the granular daily information on stocks will be available on chicagotribune.com, where readers can get a much wider and more complete range of information.

As the article later states they will save money by not printing those pages everyday which they plan to reallocate into financial reporting.

How many more newspapers are now going to get in line and follow suit? Clearly yesterday's news can't keep up with the need for up to date financial data, but how can newspapers put a stop to the internet slowly chipping away at their business?

Comments

It really generally was

It really generally was pointless print...pages that were perpetually outdated. Good on them.

The Internet is just a fad

but how can newspapers put a stop to the internet slowly chipping away at their business?

I used to do a fair bit of contract work for www.mediamanagementcenter.org - they have a big name in the newspaper consulting industry. Essentially, newspaper readership has been on a 20 year decline with *no* indication of reversing that trend. TV then Cable TV followed by the upswing of talk radio and niche cable news programs have all taken a bite out of the newspapers. The internet? It will go away... it will go away...

smart move

how can newspapers put a stop to the internet slowly chipping away at their business?

One way: by getting rid of useless, outdated material and instead focusing on something they can do better (in some/most circumstances) than the internet:

financial reporting

Smart move. I believe our local newspaper out here in the boonies did this same thing a year or so ago.

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