Entertainment industry reporter Nikki Finke is feeling vindicated.
Last
August the feisty L.A.-based journalist wrote that the Los Angeles
Times was being hurt by a sharp fall-off in movie advertising. For
the Times, that would represent a major hit, as it is the dominant
paper in a one-industry town. Times management
vigorously rejected Finke's assertions. But she's now reporting on
her new blog, Nikki Finke's Deadline Hollywood Daily, that the latest
evidence bears her out. "That admission [of the advertising decline]
came April 13 from the newspaper's parent Tribune Co. when it held a
teleconference about
2006 first quarter earnings results. Tribune bosses confessed that, in
the national category, 'most' of Tribune's ad sales shortfall 'came at
the Los Angeles Times, and over half of their decline was due to movie
advertising, which as you know is very significant in Los Angeles.'"
Not that Finke is boasting, but... well, she's boasting.
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