Api-notes
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Newsmedia Economic Action Plan Conference
This is the first page for notes and links to the American Press Institute's two-day convening: "Newsmedia Economic Action Plan Conference" on Sept. 14-15, 2009 at API in Reston, Va.
8:30 a.m. session: Opening by Andrew Davis
"This is still a $50-billion industry," says Andrew Davis, president and executive director of the American Press Institute. "We are still a compelling medium and we don't have to apologize." Ad revenues are down 30% but television advertising is down more. "We are still spending almost $6 billion a year on the news product." Newsrooms are still about 11% of the total budget of newspapers. Davis suggests he is not sure that the overall percent of revenue newspaper companies will get from the Internet will ever rise to much more than 10% of total revenues.
