Copyright 2008 The New York Times Company
The New York Times has published a compelling overview of the situation many newspapers find themselves in today. One excerpt from the article by Richard Perez-Pena:
"Last year started badly and ended worse, with shrinking profits and tumbling stock prices, and 2008 is shaping up as more of the same, prompting louder talk about a dark turning point."
The story reads a bit like a script for a slasher-type horror movie about the newspaper industry. Read all about it here:
An Industry Imperiled by Falling Profits and Shrinking Ads
More later,
Mark
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