SmartMoney to close print edition, boost online

LOS ANGELES (AP) ? After three-straight quarters of steep advertising declines, SmartMoney's print magazine is ceasing publication and switching to an all-digital format aimed at online users.

Dow Jones & Co., a unit of News Corp., said 25 positions at SmartMoney will be eliminated. It will increase SmartMoney.com's staff from nine to 15 editorial employees.

Dow Jones Editor-in-Chief Robert Thomson said the move will address "the need for rapid delivery of personal finance intelligence" at a time of volatile financial markets.

The publication found that readers were increasingly going to the Web for up-to-date information and analysis. SmartMoney content will be melded more closely with MarketWatch.com, another Dow Jones property that is available for free online.

Dow Jones sells ads across several websites that it calls The Wall Street Journal Digital Network. The network includes sites for The Wall Street Journal, Barron's magazine and AllThingsD. Both The Wall Street Journal and Barron's require paid subscriptions for full online access.

Circulation at SmartMoney held relatively steady over the years ? at 815,154 per issue in the last six months of 2011 compared to 815,951 in the same period in 2006, according to the Audit Bureau of Circulations. But ad revenue was dropping quickly. It was down 19.3 percent from the previous year in the quarter through March at $6.9 million, following a 22.3 percent drop in the quarter through December and an 11.7 percent drop in the quarter before that, according to the Publishers Information Bureau.

Meanwhile, ad revenue for U.S. magazines overall fell at a slower rate of 8.2 percent in the quarter through March.

Print publications have been losing revenue and readers as more content and advertising moves online. Some publishers have chosen to cut costs by slashing their print runs. This month, Advance Publications moved to lay off about 600 employees at newspapers in Alabama and Louisiana, including The Times-Picayune in New Orleans, as it prepars to cut the print run from daily to three days a week in the fall.

Rick Edmonds, a media business analyst at The Poynter Institute, a prominent journalism school, said the change didn't convince him that the publication had a bright future because online ads typically generate less revenue than print ads.

"I can see the savings, but if their print advertising is still at a higher rate, the question is, 'Where is the money coming from?'"

Merging SmartMoney with MarketWatch may provide some protective cover. SmartMoney had just 2.5 million monthly visitors, but MarketWatch's online audience has grown 50 percent over the last 12 months to 17 million, Dow Jones said.

The Wall Street Journal's chief revenue officer, Michael Rooney, said in a statement that SmartMoney's content and innovative online tools "will be a needle-moving addition to MarketWatch's already strong portfolio of content."

SmartMoney's last print issue, the September edition, will hit newsstands on Aug. 14.

SmartMoney was launched jointly between Dow Jones and Hearst Corporation in 1992. Dow Jones acquired Hearst's 50 percent interest in 2010.

Dow Jones said laid-off employees will be able to re-apply for SmartMoney.com jobs and elsewhere in the company.

Associated Press

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Syrian pilot defects, requests asylum in Jordan

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Video: Heroin abuse plagues Chicago suburbs

>>> last night we reported here on the steadily growing problem of heroin use and abuse among suburban kids in this country. tonight nbc's kate snow has nor on the tragic toll this new generation's heroin is taking on the families who seem powerless to stop it.

>> reporter: when john roberts retired from the chicago police department , he bought his dream house out in the suburbs.

>> thought it would be a nice place to raise your kids.

>> i thought for sure, this was going to be a lot safer than the city.

>> reporter: their young son billy was just entering high school . he started experimenting with pot, cocaine and then heroin.

>> reporter: from your home in the suburbs billy was able to get it no problem.

>> billy said, dad, it's so bad out here, i could make a call and it would be put in the mailbox.

>> reporter: in this suburban county deaths went from six to 30 this year. this year on track to be even worse. billy died of an overdose three years ago.

>> we got to the house. something i've seen many times in my career, all the flashing lights, including an ambulance. so i knew i had lost my son.

>> close your eyes and picture what a heroin addict looks like and then open your eyes and see our family.

>> reporter: marry dedrick's daughter alisa was a figure skater and cheerleader in boston. alisa was 14 when she started taking prescription drugs like oxycontin. her senior year she realized heroin was safer.

>> i promised myself as long as i never did heroin i would be okay, that i wasn't that bad yet. i cried right before sniffing my first line of heroin.

>> alisa left home for weeks at a time but her mom kept trying to get her help.

>> i knew if i turned my back on her, i would never see her again.

>> alisa has been sober for five years now, teaches pilates, just graduated college and plans to be a substance abuse counselor.

>> it's a hard thing for me to think that not everybody is this lucky. that there are just a few of us that got to the other side.

>> reporter: many young people told us they tried heroin because it's cheap, 10 bucks a hit. that's less than the cost of a six-pack, much cheaper than prescription painkillers and the stigma is less. you don't have to shoot it in your veins, you can snort it. we've heard from a lot of parents in the last 24 hours . there are support groups out there including one john roberts started in chicago. brian, there's more information on this on our website.

>> a new generation for this drug sadly. thank you, as always, for your reporting.

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The Types of Outsourcing Clients: Which Type Are You - Northernworx

Outsourcing has so much more to offer than simply ?cutting costs?. By finding the right outsourcing service provider with the right skills and talent that works for you, you secure both cost benefits and business value for your organization.

In their article ?Time to ring-fence ?Lights On Outsourcing? and focus on ?Business Transformation Services?, Horses for Sources (HfS) categorized outsourcing clients into three ?camps? according to their use of the outsourcing initiative in alignment to their business objectives.

Type 1

The first group, labeled as the ?Lights On Camp?, describes those organizations that outsource simply for the cost advantages. These are the companies that do not view outsourcing as a strategy or a long-term solution. For them, outsourcing is simply a way to cut costs, handing over a business process to an outsourcing service provider who does it better, quicker, and cheaper.

Type 2

The second group, labeled as the ?Efficiency Camp?, describes those organizations that recognize outsourcing, if implemented wisely, as a strategy for process improvement.

?We don?t see a hell of a lot of competitive differentiation in these processes, but we do recognize that there?s more than an initial 30% we can lop off the budget if we?re smart about this. So let?s plan for phased process improvement and additional layers of processes to externalize in the future.?

Type 3

The third group, labeled as the ?Transform Camp?, describes those organizations that simply outsourcing certain business processes does not solve the problem, and even runs the risk of function stagnation. For them, investing in process improvement is a vital part in outsourcing, as well as the role of the outsourcing provider in improving the overall business function.

?They [outsourcing providers] need to understand how to help us improve our business outcomes, based on the combination of our in-house teams, our shared services and what we have externalized to third parties.?

In comparing these three groups, it?s pretty much obvious which group is more ambitious in delivering business value and leveraging the outsourcing initiative to its full potential. Outsourcing has so much more to offer than simply ?cutting costs?. By finding the right outsourcing service provider with the right skills and talent that works for you, you secure both cost benefits and business value for your organization.

Related Article: Time to ring-fence ?Lights On Outsourcing? and focus on ?Business Transformation Services

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Make Colonization More Influential

Packers and Movers are the packing experts who make the task unproblematic of packing which is hectic & tedious. They also acknowledge with valuable information about better packing techniques and schemes. They provide services like properly packing, wrapping, boxing and tapping. Proper packing by a trained packer using specially designed cartons and materials is crucial to a good move.

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Corporate Relocation is most challenging service in the Packing and Moving service, The Corporate Relocation has to be analyzed by a Packing and Moving Expert, then report to be arrived, fix the day and then shift. The process may look simple and easy, but it requires lot of experience in moving the corporate. There will be more equipments which are highly sensitive, Furniture may be custom made, interior partitions, electrical equipments etc., these items has to be removed and safely packed with the proper packing materials and then loaded in the containers with proper way, according to the value and description of the item (may be fragile also). Packers and Movers Pune are the most preferred Packers Movers for the corporate relocation in India. This was possible in the Packing and Moving industry of India only by the excellent service rendered by Packers and Movers Pune to the corporate giants of India.

The packers and movers are widely appreciated in the market for their professional services. You can also trace them on online business portals. The directories have become one of the active sources for the service seekers to get the names of various popular service providers. The services of Packers and Movers Chennai are loaded with various features that help in meeting the specific requirements of the clients. Moreover, the services are available at pocket friendly prices that have encouraged the clients to avail the services without a second thought.

Pallavi is an online Marketer. She loves to write articles and Blogs. She has written thousands of articles over internet. She loves to write about Packers and Movers Hyderabad and Business to Business etc.

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Florida to carry out health law if upheld by court

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23 Gorgeous Gaming Wallpapers for Your Desktop

Want to show off your gamer cred without going over the top? Your computer desktop is a great place for it, and there?s plenty of beautiful fan art out on the web.

Whether you?re in the mood for a panoramic screenshot or a minimalist concept, there?s bound to be something in our hand-picked gallery to tickle your trigger finger.

SEE ALSO: 20 Minimalist Backgrounds for a Simpler Desktop

Do you prefer 8-bit nostalgia or the glory of HD adventuring? Share your favorite gaming art in the comments.

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