MediaNews’ Bankruptcy is the Latest Example of a Declining Print News Industry
Wednesday, January 20th, 2010The traditional media industry is hurting. Specifically, hard news print vehicles, newspapers mainly, have been decimated by the rise of the Internet and a rapid decline in advertiser spending as a result of both new media opportunities and of course, the recession.
The most recent indication of America’s tilting favoritism toward all things online, the publishing parent of newspapers like the Denver Post and San Jose Mercury News is expected to petition for bankruptcy in the next few days. MediaNews Group, Inc. isn’t saying much about the details but those “in the know” believe it could happen as soon as Friday.…