Monday, March 24, 2008

Bad news for Big Media

As the United States slips into recession, advertising spending is set to fall - spelling trouble for traditional media companies already battered by Internet upstarts.

Media industry watchers are no longer debating whether the United States economy is in recession. Rather the question is, "how bad will it get?" If recent trends continue, the outlook is likely bleak for broadcasters, magazine publishers, newspapers, cable operators and the conglomerates that own them. [Click for MORE]

> Newspapers’ New Owners Turn Grim
Tribune owner hopes to revive embattled Times
> The Perilous Fall of the Press-Telegram
> Star-News, LA Times hit hard in latest round of cuts

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