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Media company CEO talks in NC about online impact

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WINSTON-SALEM, N.C. — A North Carolina audience will hear about the Internet’s effect on media from an executive whose company is feeling those effects.

Media company E.W. Scripps’ CEO Richard Boehnoe speaks Monday at Wake Forest University’s Babcock School of Management in Winston-Salem.

Media businesses are coping with falling revenue from advertisers who are cutting back in the recession and, in some cases, following audiences to the Internet.

Scripps owns a chain of local newspapers and television stations. It announced this month it lost $480 million last year.

Scripps shut down the nearly 150-year-old Rocky Mountain News in Denver, the largest newspaper to fail so far in the industry downturn that has led to widespread media layoffs.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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A North Carolina audience will hear about the Internet’s effect on media from an executive whose company is feeling those effects.

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