Posted on 01/17/2009 8:27:08 AM PST by lainie
WASHINGTON - AMERICA'S newspaper industry, including some of its biggest and most trusted names, is fighting for survival.
Troubles at The New York Times, Chicago Tribune and Seattle Post-Intelligencer pre-date the current financial crisis, but their precarious state has added urgency to the industry's frantic search for sustainable new business models.
The Atlantic magazine reports in this month's edition that The New York Times will find itself facing debts of US$400 million (S$600 million) by May, with only US$46 million cash in hand, and no access to more funds because its debt carries junk status.
In one obvious sign of distress, the paper breached its own code earlier this month when it began accepting advertisements on its front page for the first time in its 157-year-old history.
(Excerpt) Read more at straitstimes.com ...
Choke on it MSM. Justice is being served.
Ain’t that an awful, cryin shame?
Just wondering. Seems like it is just the liberal rags that are in trouble.
Softening up folks for the bailout.
Let’s bail them out! Why not?
A tactical victory for conservatism.
A strategic victory for liberalism.
America is becoming more and more illiterate, and the stories now have to be told in two paragraphs or less. Conservative papers are losing readership faster than liberal ones (e.g., The Washington Times vs. The Washington Post), and voters turned to sound bites and faux-news (e.g., The Daily Show) for their information.
With newspapers declining, the republic will follow.
Actually, it's conservative papers going first. E.g., look at Cincy, Denver, etc.
Also, many small conservative papers have already gone down, with readers trasferring to large liberal papers.
It’s being done in some cases (e.g., the former JRC papers in CT).
The old grey whore reveals her true colors.
Finally, some good news from the news industry.
Conservatives ought to buy them and bring REAL change!
;-))
******************
MSM: The Great American Prostitute
"All sold out..."
The NY Times is running out of cash and will have to cut 40-50% of their staff by April-May to forestall bankruptcy.
Even Obama The Kenyan knows that the NY Times is going to have a bloodbath in the Spring and is distancing himself from the situation.
The tidal wave of NYT pinkslips are coming soon.
BoofreakingHoo.
Newspapers Move to Outsource Foreign Coverage [WSJ]
http://online.wsj.com/article/SB123197973917183829.html?mod=googlenews_wsj
Two major newspapers publishers are taking steps to outsource international coverage, as falling revenue is causing more U.S. papers to shrink their foreign and national footprint.
Tribune Co., which owns the Los Angeles Times and Chicago Tribune, is in talks with the Washington Post Co. about a deal to pay the Post for foreign and national coverage for Tribune's eight major dailies. Meantime, the New York Daily News has reached an agreement with a Boston-based start-up called GlobalPost to use the company's network of part-time foreign correspondents.
Together, the agreements could substantially overhaul the foreign news operations of three of the 10 largest U.S. newspapers.
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