Earlier today, The Chicago Tribune - parent company of The Baltimore Sun and Los Angeles Times - filed for Chapter 11 bankruptcy protection to try and restructure its 12 Billion dollar debt load.
http://www.bizjournals.com/washington/stories/2008/12/08/daily21.html
Could this be a sign for more major newspapers to follow suit?
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
6 comments:
probably. and this blog is so focused on Gannet. but the whole industry is floundering. combination on the fact that nobody has found out how to make money with News on the internet yet and declining advertising revenue due to the recession.
Joe, stop focusing on Gannet when it is an industry trend.
OK Greg, I'll work on that.
Start printing the truth about local happenings and stop being the Mares puppett and maybe youll get some respect. Remeber respect and trust is earned.
Joe,
who the hell is greg. I dont even live in Maryland.
"Greg" Bassett runs the Daily Times.
This is a dieing industry, right now.
However, what is going to happen to the digital age when no one has any money.
With the economic forcasts, and the fact that there will no longer be 'free tv', and Googles major manuevers with the incoming adminstration you can look forward to a major Net clampdown. The Motion Picture Industry is full steam behind this measure just as the music industry was a couple of years ago.
They are speaking already of a 3 strikes your out type of system. If you violate up and coming internet rules.
Last year when the Senate and the House gave the FISA Bill to Bush to sign he did, and in as much all of our internet and telephone privacy is gone. In February there will no longer be analog broadcasting, which means there will be no more private broadcasting.
The machine marches on, and we only see bits and pieces of a much much bigger picture.
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