Monday, December 08, 2008

Over-leveraging takes down the Chicago Tribune

I'll say it and write it until somebody listens: it's not the Internet that's killing newspapers, it's leveraged buy-outs.
Newspapers can adjust to the Internet, just as they did to radio and TV. But they can't adapt if they are so saddled with debt that they have to cut the quality of their journalism.

4 comments:

Anonymous said...

Will the venerable New York Times also cede to the credit mess?

http://www.iht.com/articles/2008/12/08/business/08times.php

JA Goneaux said...

Just saw my first "Dear Valued Customer: As of DATE, the Toronto Star will not be operating a vending box at this location. The nearest place to buy a Toronto Star is" for the Star.

This is at Woodbine and Danforth, not exactly an outlying suburb. Right near the subway, too.

Ottawa Watch said...

The Star has been in trouble for a long time. The paper just can't connect with the public anymore. I don't see it enough to know why.

Anonymous said...

Ouch. Whole sector in trouble in the US.

http://www.clickondetroit.com/news/18288845/detail.html