While most newspapers are available at a bargain, nobody is buying. The NYTimes.com explains the business climate:
Experts say the lack of interest reflects a sharp shift in the last year toward a more pessimistic long-term view of the industry. The loss of ads has accelerated, and few expect a rebound even when the economy recovers.
Adds Alan Mutter on his blog about the newspaper decline:
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The potential sale of the Union-Tribune and Star-Ledger at the worst time in the history of newspapering can mean only one thing: The publishers don’t think the business will get any better.
The question is, how will this impact local TV? Are there opportunities here?