* Readers Come, Money Doesn’t: Newspaper web readership is up 12% year over year (although web revenue is down). Nieman Journalism Lab lists its Top 15 newspaper sites. My hometown Chron (SFGate) averages 4.1 million uniques a month, up 10%. Somehow, there’s got to be a business in there.
* Ready the Tombstones: Former S.F. Examiner colleague and Salon pioneer Gary Kamiya concludes: “If newspapers die, so does reporting.” And, in light of the web revenue report, he adds: “Currently there is no business model that makes online reporting financially viable.” (Mutter mines the same vein.)
* Cancel the Funeral: Steve Yelvington says he just has “to call bullshit on the “Newspapers Are Dead” meme. Some numbers:
“In spite of the worst economy since Roosevelt, many U.S. newspapers are still turning profits in the 15-20 percent range, and the U.S. newspaper industry is still turning around 50 billion dollars of gross revenue every year.”
* Cue the Elegy: Joe Mathews mourns for the L.A. Times of old in the New Republic, lamenting, among many things, the loss of local stories that “show deep digging.” (Andrew Cline calls BS on him, saying: “Nostalgia is dead. It’s time to discover or create the next venue for journalism.”