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 Post subject: Newspapers are bracing for more bad news
PostPosted: Sun Jun 29, 2008 9:55 pm 
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[url=http://www.msnbc.msn.com/id/25441464/]Newspapers are bracing for more bad news
Deep job cuts, outsourcing, more asset sales coming as industry retrenches
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NEW YORK - Even for an industry awash in bad news, the newspaper business went through one of its most severe retrenchments in recent memory last week.

Half a dozen newspapers said they would slash payrolls, one said it would outsource all its printing, and Tribune Co., one of the biggest publishers in the country, said it might sell its iconic headquarters tower in Chicago and the building that houses the Los Angeles Times.

The increasingly rapid and broad decline in the newspaper business in recent months has surprised even the most pessimistic financial analysts, many of whom say it’s too hard to tell how far the slump will go.


Wow! What will Rupert DO?

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PostPosted: Tue Jul 01, 2008 12:44 am 
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Consequences of the dumbing down of America.

I tried to go to the major papers with a big story once. They hadn't the slightest interest.

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