Friday, February 20, 2009

Newspaper Industry's Collapse Hastens;
Shutdowns Loom

The collapse of the U.S. newspaper industry is accelerating as a deepening plunge in advertising forces publishers to consider curtailing print editions or shutting down altogether.

The Seattle Post-Intelligencer will appear only on the Internet and the Tucson Citizen in Arizona will close if their parent companies can't find buyers for them by March. Denver's Rocky Mountain News is up for sale, and Detroit's two dailies cut their publishing schedule to three days a week.

"There's going to be a lot of papers giving up days of the week that they publish editions and an acceleration of movement from print to digital publishing," said Ken Doctor, an analyst at media consultant Outsell Inc. in Burlingame, California. [Click for MORE]

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