Newspapers on the block

by kmr on December 6th, 2008

This morning, it’s a Reuters story on the sale of the Miami Herald.
Yesterday afternoon, it was the Rocky Mountain News.
Yesterday morning, this E&P article on the Fitch ratings and the implications were rather sobering. But I have to admit, even as much as I’ve thought the industry is on the skids, I thought when I read it that the collapse scenario seemed far fetched.
Money’s tight, very tight, and costs are up and if the industry is anything as brittle as the analysts say, then maybe there will be a shattering. As noted, when the afternoon dailies started fold change happen rather quickly.

From → Newspapering

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