Ad losses send industry into a tailspin - The Denver Post: "Across the United States, more than 30 daily newspapers are for sale, and buyers are scarce.
From Los Angeles to New York, leading newspapers have slashed newsrooms with buyout offers, and when those failed to reach budget-cutting goals, with layoffs.
The newspaper industry has been caught in a tailspin for three years, a trend variously blamed on plummeting ad revenues, declining readership, growing competition from the Internet and a deepening national recession."
Friday, December 5, 2008
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