NEWSPAPERS GOING BROKE
Newspapers Still Bleeding Money
Wednesday 23 April 2008
The Sacramento Bee’s owner lost more money the first quarter this year.
The New York Times may be for sale, after firing hundreds of employees and losing lots of money. The LA Times, the SF Chronicle and other big city papers are losing money faster than the State of California is going into deficit.
I believe the reasons for this is the loss of credibility, inability to expose the massive corruption of government and failures of our schools. Like the Tehachapi News, they are not willing to post the real local news. They are more interested in Ad Revenues and all the space that takes up to wrap your garbage in.
This headline is seen every day. It is a reminder that the world is changing and the media has competition. People trust newsletter and the Internet, some trust newspapers and the network news and the on-line blogs.
Until the newspapers and mainstream media can regain the trust of the people, more will be fired at the Bee, Times and Chronicle….many believe some of these newspapers will be closed. They will not be missed!
