The digital wave washing over newspapers has turned into a tsunami in the past several weeks, as hundreds of newsroom layoffs coast- to-coast are raising fears that the push for profits and a dismal economy are teaming up to accomplish the unthinkable -- putting the print industry in its grave. Daily publications ranging from the San Jose Mercury News in the San Francisco Bay Area to the venerable New York Times have axed reporters and editors -- more than 750 -- in little more than a month, as competition from the online world has joined forces with financial pressures to put on the squeeze.
Sales, profits and circulation all are down sharply, as newspapers say they long ago abandoned the prospect of trying to stop the bleeding. Some now say they cuts are so deep, they have to "amputate" portions of their business to stay alive. Meanwhile, they're trying to embrace new media, but can't do so effectively because of constrained resources. [Click for MORE]
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