Friday, April 25, 2008

Old American Media fading fast; New Media eating the lunch of the New York Times

Top 10 News and Media Category Websites Ranked By US Market Share of Visits
Hitwise News and Media Category Weekly Report 1

Note - the Hitwise data featured is based on US market share of visits, which is the percentage of online traffic to the domain or category,from the Hitwise sample of 10 million US Internet users. Hitwise ranks over 1 million unique websites on a daily basis, including subdomains
of larger websites. Hitwise categorizes websites into industries on the basis of subject matter and content, as well as marketorientation and competitive context. These rankings are based on individual urls and not network aggregations of websites.

*The market share of visits percentage for weather.com, cnn.com and nytimes.com does not include traffic to sub domains of these websites which are reported on separately.
Source: Hitwise
Note: DNR = Did Not Rank
Rank Website Domain Market Share 04/12

Just as Spatium Trientis pointed out, the U.S. mainstream news media is reeling from deep structural problems from the new age of the net and blogosphere.

The buzz in blogosphere is that the New York Times is hemorrhaging so badly, deep in red ink, because of dwindling ad revenues. Good. Excellent. Couldn't happen better to Old Media warped in their perverted old mindset of Western hubris and White Euro-supremacy.

It's rival, NEWS CORPORATION, owned by Rupert Murdoch and his world-wide behemoth media empire, is gloating at the NYT's sunset and decline. Rupert is the "master" and on top of his game; and with his acquisition of Wall Street Journal, Fox News, MySpace Phoenix, and a slew of media in fading United Kingdom, Rupert is killing old media in the Western world, especially CNN-Time-Warner, which keeps hiring dumb jackasses like Jack Cafferty, trapped in their warped world of hubris, arrogance, and ignorance.

One of Rupert's local newspaper in NYC, the NY Post, has one of its media reporters disclose the impending "mass firings" big time, from within the New York Times. Click on the latest buzz from the NY Post:

http://www.nypost.com/seven/04252008/business/the_worst_of_times_108073.htm
Consider that the internet news media now has trumped old media, especially print, as Americans' primary source of news and information. Just consider that Yahoo! News has superceded all old media. (based on Hitwise media, an internet media reporting organization).

Top 10 News and Media Category Websites Ranked By US Market Share of Visits:

1. Yahoo! News news.yahoo.com 6.65% 1
2. The Weather Channel - US www.weather.com 4.08% 2
3. CNN.com www.cnn.com 3.35% 3
4. MSNBC www.msnbc.msn.com 2.99% 4
5. Google News news.google.com 2.05% 5
6. The New York Times www.nytimes.com 1.89% 7
7. Yahoo! Weather weather.yahoo.com 1.82% 6
8. Drudge Report www.drudgereport.com 1.64% 9
9. Fox News www.foxnews.com 1.61% 8
10. People Magazine www.people.com 1.10% 10
Based on Hitwise United States data

And still old mainstream American news media, such as CNN, New York Times, ABC, and NBC can't get a grip on reporting the news about China and the non-Western world.

Yahoo! Google, and YouTube have taken over and eatern their lunches.

And coming up from the net rapidly are bloggers, blogosphere, and citizen journalism.

Craig Newhart is coming soon with Craigslist "citizen journalism" in blogosphere soon.