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Posted by: Jon Fine on February 26, 2009

Think your industry is having a rough week so far? Take a look at the newspaper business.

Sat. Feb 21 – Newspaper chain Journal Register files for bankruptcy protection

Sun. Feb 22 – The parent of the Philadelphia Inquirer and Daily News files for bankruptcy protection

Mon. Feb 23 – The New York Times reports that Rupert Murdoch’s newspaper holdings are the albatross at his News Corp.

Mon. Feb. 23 – The Financial Times says it hopes to cut costs by encouraging employees to work shortened weeks

Tues. Feb 24 – Hearst says it will shutter the San Francisco Chronicle if its staff doesn’t agree to deep cost cuts

Wed. Feb. 25 – Gannett says it will slash its dividend by 90%

Wed. Feb. 25 – Washington Post Co. reports profits dropped 77% in the fourth quarter

Thurs. Feb. 26 – Hartford Courant says it is eliminating 100 positions

Thurs. Feb 26 – Cablevision reports a fourth quarter loss on its $402 million write-down of its acquisition of Newsday

Thurs Feb. 26 – E.W. Scripps says it is closing the Rocky Mountain News

——- Tom Lowry, filling in for the vacationing Jon Fine.

Reader Comments


March 5, 2009 2:51 PM

It is really sad to see that these newspapers could not see this coming. I feel like they could have stayed in business had they used their expansive talent base to embrace new media and technologies sooner.

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