OLD Media Moves

Southwest Florida paper cuts stock listings

January 17, 2007

The Fort Myers News-Press has become the latest paper to cut its stock listings, according to a story in Wednesday’s paper.

The News-Press will now run the new “Markets and Money” page offered by the Associated Press.

Fort Myers News-PressExecutive editor Kate Marymont wrote, “Listings will be reduced from three pages to one page Tuesday through Saturday. Our Sunday report will not change. We will continue to publish ‘The Weekly Market in Review.’

“With market information available real-time on the Internet, few people any longer rely on a printed newspaper to follow investments. Reductions in stocks have been made at newspapers across the country, including The Wall Street Journal, The New York Times, Washington Post, Chicago Tribune and The Boston Globe.

“The cost of paper is our second-largest annual expense. Think about the math: If we save two pages a day, five days a week, 52 weeks a year, we save several thousand dollars annually. That is money we can re-invest in products and services for changing readers.

“We are making this change because we know that investors have moved to online and the impact will be limited. Stocks can be tracked live on news-press.com/business.”

Read more here.

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