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NEWS ABOUT: newspaper industry

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Sun-Times Files for Bankruptcy

Conrad Black's back-tax debt does it in

(Newser) - The Sun-Times Media Group, owner of the Chicago Sun-Times, today announced that it had filed for Chapter 11 bankruptcy, in the hope of “making the company fit for a buyer.” Unlike the also-bankrupt owner of its competitor, the Tribune, the Sun-Times has just one debtor: Uncle Sam. The... More »

Detroit's Papers Missing on Red-Letter Day

Freep , News stop delivery on day GM CEO forced out

(Newser) - Yesterday was a once-in-a-lifetime news day in Detroit: GM's boss was forced out, Chrysler was pushed to merge with Fiat, Michigan State made it to the Final Four—and the first day that Motor City's two daily newspapers didn't land on doorsteps to tell readers all about it. Both the... More »

HuffPo Starts Investigative Journo Venture

Site steps in as daily newspapers fold or cut reporting staffs

(Newser) - Laid-off journalists, take heart: The Huffington Post, aiming to take up the slack as daily newspapers shrink staffs, is about to fund an investigative team that will begin by casting critical eyes on the economy. Ten staff journalists, coordinating with freelancers, will provide work to other sites at the same... More »

Colbert + Stewart = Cronkite: 30% of Young Viewers

Political satire is replacing traditional news for some: poll

(Newser) - Nearly 39% of under-40 Americans say satirical shows like The Colbert Report and The Daily Show are keeping viewers politically informed, and 21% believe they influence public opinion, a poll finds. But the verdict is split on whether such shows’ success indicates that comedic delivery is replacing traditional news: 30%... More »

Senate Bill Seeks to Rescue Newspapers

Proposal would let titles apply for nonprofit status, save on taxes

(Newser) - Legislation was introduced in the Senate yesterday that would allow newspapers to operate as nonprofits, providing major tax breaks for an industry in free fall, reports MarketWatch. Democratic Sen. Ben Cardin has proposed that newspapers could claim 501(c)(3) status in the same manner as public broadcasting, making advertising and subscription... More »

Seattle P-I Prints Final Issue Today

Seattle's oldest newspaper switching to online-only edition

(Newser) - Seattle will become America's latest one-newspaper town after the final print edition of the Seattle Post-Intelligencer rolls off the presses today, the Seattle Times reports. Publisher Hearst is switching the 146-year-old newspaper to an online-only edition and laying off almost all of its 167 staff after it was unable to... More »

Washington Post Cuts Daily Business Section

(Newser) - The latest newspaper to cut back on business coverage and stock listings is the Washington Post, Reuters reports. The paper will stop publishing a standalone daily business section and beef up its Sunday section, according to an internal memo. The executive editor spun the cuts as a move to integrate... More »

Newspapers of the World, Unite: Carr

Collusion could avert disaster—but it won't happen

(Newser) - The newspaper industry is in dire straits, and to fix it, its bosses must “hold hands and jump off the following cliffs together,” writes David Carr in the New York Times. First, end free web access; it will  drive away some readers, but they're not paying for quality... More »

Times Co. Sells HQ for $225M

Debt-laden paper enters sale-leaseback with investment firm

(Newser) - The New York Times Company has raised $225 million through a sale-leaseback of its Eighth Avenue skyscraper, it announced this morning. The deal gives investment firm WP Carey ownership of the Times' share of the Renzo Piano-designed headquarters, which the newspaper moved into in 2007. The company will then lease... More »

Seattle Paper Poised to Switch to Online-Only

Paper to quit printing if no buyer is found by March 10

(Newser) - Hearst publishing is pressing forward with plans to make the Seattle Post-Intelligencer an online-only newspaper, staffers say. The company—which has said the paper will quit publishing if no buyer is found by March 10—has made "provisional offers" to a few reporters selected to take part in the... More »

Rocky Mountain News Dead at 150

Denver saddened, surprised by the closure of old friend 'Rocky '

(Newser) - The Rocky Mountain News published its last issue yesterday just short of 150 years after its founder hauled a printing press by oxcart to the nameless gold-rush settlement that would become Denver. Staffers and readers alike mourned the passing of the paper believed to have been Colorado's longest-running business, reports... More »

Newsday Will Charge for Online Content

(Newser) - Newsday will buck an industry trend by charging people to read it online, Reuters reports. The newspaper's owner, Cablevision, says it will "end the distribution of free Web content," though it didn't specify when. In the US, the Wall Street Journal is the only major paper currently sticking... More »

Rocky Mountain News Ends Publication Tomorrow

(Newser) - The Rocky Mountain News, the oldest paper in Colorado and perhaps the longest-running business in Denver, will print its last edition tomorrow, the Denver Post reports. The news comes after its owner spent months fruitlessly searching for a buyer. “The operating conditions have become increasingly difficult,” the CEO... More »

Hearst May Shut Down San Francisco Chronicle

(Newser) - More bleak news from the world of newspapers: Hearst is threatening to shut down the San Francisco Chronicle—the nation's 12th largest daily—unless it makes massive cuts. Otherwise, Hearst will seek a buyer for the 144-year-old paper, which lost $50 million last year and is doing worse in 2009,... More »

Philly Inquirer Owner Files for Bankruptcy Protection

Papers will print as normal as company restructures, it claims

(Newser) - The owner of the Philadelphia Inquirer and the Daily News has filed for Chapter 11 bankruptcy protection to restructure as ad revenues plunge, Reuters reports. Company spokesmen insist operations are "sound and profitable," and managers plan to continue publishing regularly. The announcement came a day after the 20-newspaper... More »

20-Newspaper Chain Files for Bankruptcy

(Newser) - The owner of the New Haven Register and a cluster of other newspapers filed for bankruptcy protection today, the third publisher to recently go under, the Wall Street Journal reports. Known for its tight-fisted spending, Journal Register took on debt by boldly paying $400 million for a Michigan newspaper chain... More »

To Save Itself, Press Should Become a Religion

Papers would enjoy the benefits of tithing and tax-exemption: Bates

(Newser) - As profits continue to fall, some have suggested turning newspapers into non-profit, endowed institutions similar to colleges. A better way to go non-profit would be for the press to declare itself a religion, writes Stephen Bates for Slate. The tax benefits would be substantial, as would legal protections for reporters-turned-priests,... More »

Times Says Times Will Survive

(Newser) - Rumors of the New York Times’ demise are greatly exaggerated, reports... the New York Times. “Despite some published alarms to the contrary, the company has positioned itself to ride out another year of recession, maybe two,” Richard Péréz-Peña writes in a review of his employer’... More »

Times to Ax 300 Jobs, Local News Section

(Newser) - Amid growing gloom in the newspaper business, the Los Angeles Times plans to lay off 300 workers and shelve its local news section, LA Observed reports. Foreign and national news will be downplayed to fit local stories into the front section, the publisher said in a memo today. Seventy newsroom... More »

Post Folds Book Review Section to Cut Costs

Literature reviews will be shuffled into other sections of paper

(Newser) - The Washington Post will print Book World—its stand-alone Sunday section—for the last time Feb. 15 and shuffle its reviews into other newspaper sections to cut costs, the New York Times reports. Book World will remain intact online, run by a previously downsized staff. The closure comes amid a... More »

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