WSJ reports: Newspaper Downturn Goes From Bad to Worse

editorandpublisher ^ | July 18 2007 | WSJ/Editor and Publisher

[freedomdefender]

We knew it was bad, but an article in the Wall Street Journal today opens, "The downturn in the newspaper industry is getting worse."

The paper's Emily Steel quotes Ed Atorino, an analyst with financial broker Benchmark Co., saying, "Right now, you've got a perfect storm." He predicts total ad revenue will fall 4.3% this year, one of the steepest in history.

[elizabetty]

Craigslist may be the final blow to this devil.

[FormerACLUmember]

Promises, promises.

I want to celebrate when the NY Slimes, LA Slimes, and Washington Compost close their evil doors.

[Plutarch]

I wonder how the situation compares in Britain. Many British newspapers (e.g. Telegraph, Times) or actually interesting. You don't feel like you are being fed pablum.

[dvan]

Well too bad. Think of all the trees the enviromentalists will save. Plus we don;t even wrap fish in the newspapers anymore. We have the internet and Fox News now.

[w1andsodidwe]

Perhaps if newspapers started printing real news instead of all leading with the same AP story (word for word) if might be worth reading a paper again.

I used to love reading the paper, but now, there is nothing in it that I don't already know more about than the paper did when it took the article off the AP wire. The other day, when the Stock Market had the biggest rise in four years, I couldn't find anything about that on the front page, instead I learned from the headlines that the Iraq surge was a failure.

[California Desert Rat]

Note to liberal scumbag journos: tick tick tick.

Your obsolescence awaits and there will be no corporate lawyers to shield your treasonous arses from the criminal prosecution you so richly deserve.

[P.O.E.]

I’m guessing TV news can’t be far behind.

[Proud_USA_Republican]

Murdoch will buy Dow Jones. And that reporters union at the WSJ is dead meat along with their ultra-liberal bias.

[bray]

Apparently the Reportesoris has a lower approval rating than President Bush too.

Pray for W and Our Troops

[DesScorp]

Can’t wait to dance on the NY Times’ grave...

[Shortstop7]

Best news I’ve heard all day.

[PAR35]

Plus we don;t even wrap fish in the newspapers anymore. We have the internet and Fox News now.

I'm just a simple country boy, so you all are going to have to explain to me how to do that. How can you wrap a fish in the internet?

[AngelesCrestHighway]

L.O.L.....I dance on their graves!

[Cementjungle]

The sharpest declines were for classifieds, where spending dropped 13.2% -- not so much a result of competition from the Web as of economic woes affecting certain categories of advertisers.

Boy, these folks really are blind, aren't they?

[Mind-numbed Robot]

Perhaps if newspapers started printing real news instead of all leading with the same AP story (word for word) if might be worth reading a paper again.

To save money most newspapers have cut reporting staff and rely only on AP. As a result we get only one point of view, the liberal POV. Thankfully, most of us aren't liberals and we stop reading that biased reporting. The internet and talk radio have replace the MSM. They, the liberals and the Democrat Party, will try to eliminate both.

[Disciplinemisanthropy]

im glad conservative talk radio built up its farm system in the 90’s.

[paudio]

So basically they’re blamming their problems on... the economy? (Read: Bush)

[Lancey Howard]

Good news BUMP!

[Jack Hammer]

Boohoo. Let ‘em try telling the truth for a change; maybe their revenues would pick up a bit.