The newspaper industry, laden with heavy debt, is forcing companies into bankruptcy. Money-losing papers are closing.
Here’s a look at the remaining newspapers, by city and circulation:
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via NYT
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Source:
As Cities Go From Two Papers to One, Talk of Zero
RICHARD PÉREZ-PEÑA
NYT, March 11, 2009
http://www.nytimes.com/2009/03/12/business/media/12papers.html
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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March 13th, 2009 at 9:39 am
тематические ссылки…
The newspaper industry, laden with heavy debt, is forcing companies into bankruptcy. Money-losing[...]…
March 13th, 2009 at 12:44 pm
I was in the South Fork National Recreational Area this weekend, and stopped at one of the convenience stores in the area to get some coffee…I saw a copy of the Nashville Tennessean on the counter and was shocked…I remember this paper from 4-5 years ago, and it used to be very large, both in number of pages and the size of the pages themselves…well, the thing is a shell of what it used to be…this Saturday issue was no bigger than the Parade Magazine that used to come with the Sunday paper! No wonder people don’t continue subscriptions….
…and I note that the Tennessean is down 10-20% by your graph…
March 13th, 2009 at 2:10 pm
I’m a media “professional” and even I don’t care about newspapers. It has been a race to the bottom for most and I don’t subscribe to the doomsayers’ cry about the coming illiteracy; the past has been idealized, as usual. We have more access to more “news” than ever before. Most of it is irrelevant, but that has always been the case.
Progress marches on…