Archive for December, 2008
Newspaper meltdown underway
The Chicago Tribune may declare bankruptcy. The Rocky Mountain News and the Miami Herald are up for sale. The Rocky may be down for the K.O., and the latter may end up being little more than a real estate deal for the paper’s water-front property. The Star-Tribune is going to cut another 25 newsroom jobs; Newsday 5% of its work force, while raising prices for a lesser product. The New York Times is struggling with cash flow problems and is having to borrow against its new headquarters . Are we seeing the beginning of the end? And like the fears over the auto supply chain, what will go down with the newspapers?