Heavy debt has dragged several newspaper companies into bankruptcy. The industry’s dwindling revenues have forced some money-losing papers to close, and papers that are for sale are having trouble finding buyers. Circulation is also going down (Here's an eloquent picture) Experts say that before long, a major American city could be left without a daily paper (e.g. read this Times' Related Article). Many newspapers, including the Journal and the Times, are considering charging their customers (Here's the article). So why is this and what can we do about it?
Bill Wayman has an excellent, insider take on why the industry is facing though times (thanks Joshua for the pointer!!). He blames editors and journalists for resisting the internet revolution. Some others argue that if Internet is the problem then a coordinated "exit" strategy might be a solution (thanks Joshua for the pointer!!). Dive out
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