Monday, July 07, 2008

Do We Need the News Media?

What if there were no more jobs for journalists, reporters, and traditional media news people?

There is a revenue problem that is hitting the newspaper industry pretty hard. If there was a way to convert the advertising dollars to the papers websites, for that matter, any media's website, we can survive.

For those of you that have no idea why money is important to this industry, click here.


From Mediapost today:

by Erik Sass
Virtually all the nation's major newspaper publishers -- Tribune, McClatchy, PMH -- are in financial trouble, stuck in a morass of debt with barely enough cash to make scheduled payments. With revenue declines accelerating, once-serviceable levels of debt may suddenly become crushing. What's next? ... Read the whole story

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