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...York Times Co., management put on mourning clothes for their earnings call. Revenue fell a little over 18%, which was closer to Yahoo!'s drop than champions of Internet advertising would like. Advertising revenue killed the newspaper company's sales by dropping 27%, to $335 million. Fans of paying for content will note that subscriber revenue was up 1%, to $229 million, but that money came from people buying physical papers and not online content. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Yahoo!'s Earnings Drop: New Media Suffering like Old | 4/22/2009 | See Source »

Gate's new budget tries to settle this debate, at least for now. The Obama Administration's decision to try to end the stealthy F22 Raptor program at 187 planes, as well as allow the number of aircraft carriers to drop by one (from 11 to 10) and delay the next generation of cruisers, drives those who believe in the China threat up the wall. As AEI's Donnelly writes, "as the air defense and air combat capabilities of other nations, most notably China, increase, the demand for F22s would likewise rise." For years, as defense analyst and occasional Pentagon...

Author: /time Magazine | Title: The Chinese Navy: How Big a Threat to the U.S.? | 4/21/2009 | See Source »

...Jake’s house is Western Avenue, a street where Harvard has been hungrily buying up properties and displacing businesses. The once-thriving town center has vacant buildings and the occasional survivor, like the local pub. But even those still in possession of their lease have experienced a drop in business,. Harvard’s expansion has left the residents of Allston with little more than a panoply of empty storefronts and dying businesses...

Author: By Megan A. Shutzer | Title: Let Them Eat Cake | 4/20/2009 | See Source »

...programming of the game to enhance its versimilitude and lent his voice to later editions. The game became such a pop culture phenomenon it spawned its own mythology: The Madden Curse, in which players featured on the game's cover that year are doomed to suffer an injury or drop in form...

Author: /time Magazine | Title: John Madden | 4/17/2009 | See Source »

...submitted to Patrick by July 1. The budget slashes aid to local communities by $424 million, a 25 percent reduction in the funding the state will distribute this year even after Patrick’s midyear cuts.According to State Representative Alice K. Wolf, Cambridge will see an approximate drop of $7 million in local aid as a result. Across Massachusetts, cities and towns are struggling to cope with the aid reduction, considering measures such as slashing police and fire services, laying off workers, and imposing new taxes, Wolf said.“We knew it was going...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Mass. House May Cut Local Aid | 4/17/2009 | See Source »

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