Thursday, September 18, 2008

More Bad News for Newspapers, Part VI

The bad news continues...and, in a sign of the times, the news made it to page B7 in The Wall St. Journal -- not even front page of the Marketplace section, although it was above the fold: "McClatchy Cuts Jobs; Star-Ledger May Shut."

The Star-Ledger is a good paper, well respected, and it covers New Jersey closely. It will be more than shame if it does shut down. A year ago, even a month ago, there might have been a Wall St. hotshot with enough ego to want to keep the Star-Ledger going. But now, in the wake of the turmoil on Wall St., I don't think that's even within the range of an unlikely possibility.

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