Bad Times For Newspapers

[Quoner]

http://biz.yahoo.com/nytimes/080623/1194787839974.html?.v=1

Some analysts also see a lesser risk in a major publicly traded chain, the McClatchy Company, owner of The Miami Herald, The Kansas City Star, The Sacramento Bee and others, which said last week that its ad revenue was down 15.4 percent through the first five months of the year.

The company announced plans to eliminate about 1,400 jobs, leaving it with 21 percent fewer employees than it had a year and a half ago. Some other newspaper chains had already made comparable cuts.

[Note - these cuts include the recent ones at the Startlegram and the DMN dealt with theirs last year]