Transcon to restate financials after finding $20 million in errors

Printer and media company Transcontinental Inc. is restating its financial statements for prior years to correct $20 million in accounting errors. The Canadian Press reported that the errors involved $10 million in accounting provisions for income tax liabilities in fiscal 2006 and $10 million in overstatement of the value of assets in the far-flung company's Mexican properties in several prior

Pay up, said Spacing blogger, and the Toronto Sun did

Magazine bloggers sticking up for themselves department:When the Toronto Sun recently appropriated the entire contents of a blog posting, plus the accompanying picture, from Spacing magazine's blog, the writer took a firm but unequivocal stance: pay me the standard rate for this. And you know what? They did.Blogger Sean Marshall wrote an item about and posted a picture of an old TTC subway car

Publishers need to cope with the plummeting value of distribution

Digital publishing is threatening traditional print publishing because it severs the link between content and distribution, according to an article by Scott Karp at Publishing 2.0. The value of distribution has changed radically, he says and the value of content and the value of distibution -- until now deeply intertwined -- are made separable by digital means.Print publishing won’t be dead until

Rogers pullout costs CBP 20% of membership revenue

The president of Canadian Business Press, Phil Boyd, says the impact of Rogers Publishing's departure from the Canadian Business Press is about 20% of membership revenue, not 40% as reported here in a recent post. He also says the amount represents a loss of just 9% of total CBP revenue.

Want chips with that? RFID transponders tested for magazine readership

Mediamark Research and Intelligence, a well-known U.S. magazine audience measurement firm is partnering with DJG Marketing's Waiting Room Subscription Services to put radio frequency identification (RFID) chips in magazines in waiting rooms to determine just how many customers actually read them, according to a story MediaDaily News. It marks the first external test of the small transponders. The

Quote, unquote: readers need to know what to pay for and how to do it

The digital revolution is no different from any of the other new, unprecedented so-called threats to hit us. Everything’s new the first time it happens. Of course it’s faster, bigger, slicker, more efficient and encompasses the globe in a way we’ve never seen before. That’s the way the world works. It’s called progress. But not everything changes. Most people won’t knowingly break the law and

Why are magazines such liars? Because it works

Readers, such as the ones who routinely mail back business reply cards and postage paid forms blank to "get even", often wonder why magazines insist on sending them. And the answer is invariably that blow-in cards and direct mail work, that's why.In a post on his blog, Wired magazine editor-in-chief Chris Anderson asks the question why magazine circulation departments are such liars. I love