Wednesday, March 15, 2006

Taking Stock [Out] of Print

Financial page readers with bad eyes rejoice:
Beginning April 4, The New York Times will stop publishing daily stock listings on Tuesdays through Saturdays and will offer a new package of interactive tools and market information on its Web site, the paper announced yesterday.
In announcing the change, The Times joins other newspapers that have cut stock listings to reduce newsprint costs as more readers monitor investments using the Internet.

The Times will replace the tables in the newspaper with two pages of market and economic information, including performance listings of the top 100 stocks in the Standard & Poor's 500-stock index, market analysis, mutual fund information, charts tracking individual company performance and lists of foreign currency exchange rates.

The newspaper said that the features to be added to its Web site would include investment tools, breaking financial news and individual portfolio information.
...
The Tribune Company has cut back on stock listings in many of its newspapers, including The Chicago Tribune, The Los Angeles Times, Newsday and The Orlando Sentinel.

On Monday, The Los Angeles Times announced that it would condense its tables to a one-page listing of the 1,300 most heavily traded stocks and a list of companies based in Southern California.

In January, The Chicago Tribune eliminated its tables from Tuesdays through Fridays, substituting a condensed list of stocks, mutual funds, heavily traded stocks and companies of local interest. The Atlanta Journal-Constitution stopped running its complete stock tables this month.
I'm surprised it took them this long. With CNBC and the Web, does anyone even read the printed stock tables anymore?

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