News publishers see audience growth, advertising revenues plummet

Business
The New York Times Company posted a record uptick in digital subscriptions, pushing revenue up slightly for the quarter. The company added 587,000 new digital subs for a total of over five million. Meanwhile, Torstar Corporation––the parent company of the Toronto Star (and this author’s former employer)—now has 32,000 digital-only subscriptions, a 14 per cent increase from the previous quarter. However, Torstar reported that print advertising dropped 58 per cent in the last two weeks of March. And Times CEO Mark Thompson said advertising fell rapidly toward the end of the first quarter, and was expected to fall between 50 to 55 per cent in the next quarter, “with limited visibility beyond that.” For the quarter, Times revenue was up one per cent, while Torstar revenue was down 17 per…
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Majestic Oil reports passings of 50 winged creatures that arrived on Alberta tailings lakes

Business
Magnificent Oil Ltd. is announcing the passings of 50 feathered creatures that arrived on tailings zones close to its Kearl oilsands venture in northern Alberta. Royal says in excess of 100 winged creatures for every day, basically grebes and shorebirds, have arrived on the lakes more than a few days, for the most part on untamed water. Jon Harding, an Imperial representative, says a portion of the slick feathered creatures have been taken to a restoration place in Edmonton where they will be cleaned and surveyed. Magnificent says the flying creatures arrived in spite of dynamic hindrance frameworks including radar location, commotion guns, eye-safe lasers, scarecrows, and long-go clamor making gadgets. It says the framework is kept up and worked by a very much prepared, experienced and committed group that…
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