CBNNews.com - Multiple newspapers companies have fallen on hard times, as evidenced even by our local Lincoln paper shrinking in square inches. Dan Gaino, vice president of Media Research Center, says that in reality "most people now are getting their news online ... the statistic is in the last couple of years, print newspapers have lost somewhere around 43,000 employees." The Rocky Mountain News in Denver, Colorado, published it's final edition. The Tribune Company, publishers of the Chicago Tribune and the Los Angeles Times, is in chapter 11 bankruptcy. The Philadelphia Inquirer and Philadelphia Daily News, along with the Minneapolis Star-Tribune have also filed for bankruptcy protection. The New York Times Company hopes to raise millions of dollars to help pay off debt by either borrowing against its new headquarters, or by selling it and leasing the building back.
It also decided to suspend its quarterly dividend. And the 100-year-old Christian Science Monitor plans to stop printing newspapers this spring. It will become the first national newspaper published only on the internet. Overall in the United States, the market for getting news hot off the press is declining. In fact, the circulation in nearly all of the top 25 newspapers in the country is down in the past three years.
Source: http://www.cbn.com/CBNnews/552007.aspx
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