Friday, November 28, 2008

Newspaper sales fall in historic rout

This item has been replaced with updated post here. Sorry for any inconvenience.


Blogger LGD said...

The worst of them still take in too much money for my taste.

Interesting especially that online sales revenue is dropping. It would seem that no one wants them in the alternative to print, either.

2:38 PM  
Blogger Unknown said...

Very interesting, though as a journalism student it is also very depressing.

5:14 PM  
Anonymous Anonymous said...

From reading the reports of fresh rounds of pre-Christmas layoffs, I thought the Q4results must be very bleak. But what is worse, as your chart shows, is that the slide in revenues is getting worse. Some prominent economists now are talking of a recession lasting well into 2010, and many of these newspapers are not going to be able to hold on for that long. The first to go, I predict, will be Billy Dean Singleton's Media News, followed by Tribune, Blethen, Media General and McClatchy. Even Gannett's decision in September to take out $1.2 billion in new long-term debt has put that Depression-survivor in question. The lesson from this experience for the corporate boardrooms thas to be that newspapers that take on crushing debt cannot survive.

7:29 PM  

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