March 11, 2009
Ten Major Newspapers That May Fold or Go Digital Only
Time has published a distrubing story about the current state of the US newspaper industry. In it, the article lists 24/7 Wall Street's prediction of the ten major daily papers that will most likely to fold or shut their print operations and only publish online. The properties were chosen based on the financial strength of their parent companies, the amount of direct competition that they face in their markets, and industry information on how much money they are losing. Based on this analysis, it is possible that eight of the fifty largest daily newspapers in the United States could cease publication in the next eighteen months.
1. Philadelphia Daily News
2. The Minneapolis Star Tribune
3. The Miami Herald
4. The Detroit News
5. The Boston Globe
6. The San Francisco Chronicle.
7. The Chicago Sun Times
8. NY Daily News
9. The Fort Worth Star Telegram
10. The Cleveland Plain Dealer
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The Plain Dealer responds in this article -http://blog.cleveland.com/metro/2009/03/publisher_calls_report_baseles.html - saying it will close or go digital only. The article says the PD made a profit last year.
Posted by: Sue Altmeyer | Mar 12, 2009 1:03:40 PM
I find it hilarious that Time magazine has this list. I bet some of these newspapers survive longer than Time. Who still buys Time magazine?
Posted by: anon | Mar 11, 2009 1:37:21 PM