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.

More Bad News for Newspapers, Part III

The Wall St. Journal reports more bad news: "McClatchy to cut work force by 10% to save $70 Million."

Here's a snapshot from the article: "The move underscores the industry's growing difficulty as readers and marketers shift away from newspapers. The downturn is particularly painful for McClatchy, which owns large newspapers in Florida and California, states hit hard by the real-estate meltdown."