Chart: The Projo vs. The Boston Globe since the downturnAugust 15th, 2013 at 5:00 am by Ted Nesi under Nesi's Notes, On the Main Site
When John Henry bought The Boston Globe for $70 million earlier this month, it got at least a few locals talking – once again – about the possibility that The Providence Journal could get returned to local ownership.
While anything’s possible, especially in this era of media turmoil, there’s been absolutely no signal that Dallas-based A.H. Belo, which owns the Projo, is interested in selling the paper – particularly since, just like The Globe, The Journal has probably lost more than 90% of its value since Belo bought it in the 1990s.
Nevertheless, it’s worth comparing how The Globe and The Journal have fared over the past few years as newspapers’ top lines have been battered by falling revenue and declining circulation. Here’s the year-over-change in advertising sales at the two newspapers from 2007 through last year:
And here’s the year-over-change in circulation revenue at the two publications:
(Note that The Globe’s figures are for The New York Times’ New England Media Group, which also includes the Worcester Telegram & Gazette.)
The patterns look pretty similar. The Projo’s advertising slide has been a bit worse than The Globe’s, though it started a little later. But the Projo has boosted circulation revenue at a faster pace. (Both papers have raised prices as readership fell, which is why a lower circulation hasn’t led to lower total circulation revenue.)
• Related: Spring ad sales down 14% at Projo; CEO blames RI malaise (July 30)