Media Industry's Financial Woes Compounded by Terrorist Attacks

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NEW YORK — This year was already shaping up as one of the worst in recent memory for the media industry. Last week’s terrorist attacks could make the outlook even worse.

Media outlets are already worried about the economy and advertisers, who have cut spending. They are also facing mounting costs from covering the national crisis, not to mention the lost advertising revenue from nearly a week of wall-to-wall news coverage.

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