Newspapers have been hammered in recent years by the rise of the Internet, coupled with a sluggish advertising market. Now, the economic crisis threatens to be a mortal blow to some publishers. Four newspaper owners have filed for bankruptcy protection since December, and privately held Hearst Corp. warned Tuesday it may have to close the San Francisco Chronicle if it isn't able to slash costs at the paper within weeks.
The dividend cut by Gannett - the nation's largest newspaper publisher and the parent company of USA Today - will save the company more than
Shares dropped 6.1% to