10 newspapapers that are going away

[Saniflush]

Good riddance I say. 

http://www.time.com/time/business/article/0,8599,1883785,00.html

The 10 Most Endangered Newspapers in America
By 24/7 Wall St. Monday, Mar. 09, 2009

Over the past few weeks, the U.S. newspaper industry has entered a new period of decline. The parent of the papers in Philadelphia declared bankruptcy, as did the Journal Register chain. The Rocky Mountain News closed, and the Seattle Post-Intelligencer, owned by Hearst, will almost certainly close or only publish online. Hearst has said it will also close the San Francisco Chronicle if it cannot make massive cuts. The most recent rumor is that the company will lay off half the editorial staff. Still, that action may not be enough to make the property profitable.

24/7 Wall St. has created a list of the 10 major daily papers that are most likely to fold or shutter their print operations and only publish online. The properties were chosen on the basis of the financial strength of their parent companies, the amount of direct competition they face in their markets and industry information on how much money they are losing. Based on this analysis, it's possible that 8 of the nation's 50 largest daily newspapers could cease publication in the next 18 months. (Read "The Race for a Better Read.")

1. The Philadelphia Daily News. The smaller of the two papers owned by Philadelphia Newspapers LLC, which recently filed for bankruptcy. The company says it will make money this year, but with newspaper advertising still falling sharply, the city cannot support two papers, and the Daily News has a daily circulation of only about 100,000. The tabloid has a small staff, most of whom could probably stay on at Philly.com, the Web operation for both of the city dailies.

2. The Minneapolis Star Tribune has filed for Chapter 11. The paper may not make money this year, even without the costs of debt coverage. The company said it made $26 million last year, about half of what it made in 2007. The odds are that the Star Tribune will lose money this year if its ad revenue drops another 20%. There is no point for creditors to keep the paper open if it cannot generate cash. It could become an all-digital property, as supporting a daily circulation of more than 300,000 is too much of a burden. It could survive if its rival, the St. Paul Pioneer Press, folds. A grim race.

3. The Miami Herald, which has a daily circulation of about 220,000. It is owned by McClatchy, a publicly traded company that could be the next chain to file for Chapter 11. The Herald has been on the market since December, but no serious bidders have emerged. Newspaper advertising has been especially hard-hit in Florida because of the tremendous loss in real estate advertising. The online version of the paper is already well read in the Miami area, Latin America and the Caribbean. The Herald has strong competition north of it, in Fort Lauderdale. There is a very small chance it could merge with the South Florida Sun-Sentinel, but it is more likely that the Herald will go online-only with two editions, one for English-language readers and one for Spanish.

4. The Detroit News is one of two daily papers in the big U.S. city badly hit by the economic downturn. It is unlikely that it can merge with the larger Detroit Free Press, which is owned by Gannett. It is hard to see what would be in it for Gannett. And with the fortunes of Detroit getting worse each day, cutting back the number of days the paper is delivered would not save enough money to keep the paper open.

5. The Boston Globe is, based on several accounts, losing $1 million a week. One investment bank recently said the paper is worth only $20 million. The paper is the flagship of what the Globe's parent, the New York Times, calls the New England Media Group. The Times has substantial financial problems of its own. Last year, ad revenue for the New England properties was down 18%. That is likely to continue or get worse this year. Supporting larger losses at the Globe will become nearly impossible. Boston.com, the online site that includes the digital aspects of the Globe, will probably be all that remains of the operation.

6. The San Francisco Chronicle. Parent company Hearst has already set a deadline for shuttering the paper if it cannot make tremendous cost cuts. The Chronicle lost as much as $70 million last year. Even if the company could lower its costs, the Northern California economy is in bad shape. The online version of the paper could be the only version by the middle of 2009.

7. The Chicago Sun-Times is the smaller of two newspapers in the city. Its parent company, Sun-Times Media Group, trades for 3 cents per share. Davidson Kempner, a large shareholder in the firm, has dumped the CEO and most of the board. The paper has no chance of competing with the Chicago Tribune.

8. The New York Daily News is one of several large papers fighting for circulation and advertising in the New York City area. Unlike the New York Times, the New York Post, Newsday and Newark's Star-Ledger, the Daily News is not owned by a larger organization — real estate billionaire Mort Zuckerman owns the paper. Based on figures from other big dailies, it could easily lose $60 million or $70 million, and has no chance of recovering from that level.

9. The Fort Worth Star-Telegram is another big daily that competes with a larger paper in a neighboring market — in this case, Dallas. The parent of the Dallas Morning News, Belo, is probably a stronger company than the Star-Telegram's parent, McClatchy. The Morning News has a circulation of about 350,000, while the Star-Telegram has just over 200,000. The Star-Telegram will have to shut down or become an edition of its rival. Putting them together would save tens of millions of dollars a year.

10. The Cleveland Plain Dealer is in one of the economically weakest markets in the country. Its parent, Advance Publications, has already threatened to close its paper in Newark. Employees gave up enough in terms of concessions to keep the paper open. Advance, owned by the Newhouse family, is carrying the burden of its paper plus Condé Nast, its magazine group, which is losing advertising revenue. The Plain Dealer will be shut or go digital by the end of next year.

— Douglas A. McIntyre

[Tarheel]

Liberal rags and fish wrap all!

Maybe the Democrats godless socialists in Congress will bail them out.

[Saniflush]

Liberal rags and fish wrap all!

Maybe the Democrats godless socialists tories in Congress will bail them out.

This is my new gig.  They are all tories.

[Tarheel]

This is my new gig.  They are all tories.

Just remember that is the conservative party shorthand in the UK.

[Saniflush]

Just remember that is the conservative party shorthand in the UK.

I am using it as a reference to the loyal subjects during the revolution.

[chinook]

fido will have to learn something new to fetch. 

our local paper, "the news register"  recently scaled back the size of the paper, went from three issues per week to 2 prints and increased the price from $.75 to $1.00.  thanks for the screw job x's 3.

on top of that the paper boy has failed to deliver 5 times in the last 2 months.  i called and canceled my subscription. 

mean while a local newsprint company halted production for 3 weeks.  it is our 2nd or 3rd largest employer in yamhill county, oregon. 

also, i have noticed playboy and southern living reducing the size of their magazines.  they also indicate "read more online" which pisses me off. 

[Saniflush]

also, i have noticed playboy and southern living reducing the size of their magazines.  they also indicate " read more online" which pisses me off. 

Yeah I read most of their articles "online" now.

[Tarheel]

I am using it as a reference to the loyal subjects during the revolution.

Ich verstehe.

[Saniflush]

Ich verstehe.

Gerade das Überzeugen Dick Tracy.

[chinook]

did i type southern living? my wife reads southern living...she told me about it.  

yeah I read most of their articles "online" now.

i went to the website only to tell me i need an online subscription.  i want my content and pictures back in the magazine. i like to have sticky pages not a sticky keyboard.  

[Pell City Tiger]

Too bad the bammerham news isn't on this list. I keep getting phone calls from them begging me to take out a subscription. I told the last douche that called that I would subscribe under 1 condition - that they fire Ray Melick and Ian Rappaport. Until then I steadfastly refuse and, until they do, to quit calling.

[Tarheel]

Too bad the bammerham news isn't on this list. I keep getting phone calls from them begging me to take out a subscription. I told the last douche that called that I would subscribe under 1 condition - that they fire Ray Melick and Ian Rappaport. Until then I steadfastly refuse and, until they do, to quit calling.

Funny you say that; I say a similar thing about the editorial staff of the "Atlanta Urinal & Constipation"; but they keep on calling.

[Thrilla]

Funny you say that; I say a similar thing about the editorial staff of the "Atlanta Urinal & Constipation"; but they keep on calling.

I believe your personal hell would involve Cynthia Tucker in some way, shape, or form.

[Tarheel]

I believe your personal hell would involve Cynthia Tucker in some way, shape, or form.

Astute observation...she is a repellent woman (and I don't mean water resistant).

[Jumbo]

fido will have to learn something new to fetch. 

our local paper, "the news register"  recently scaled back the size of the paper, went from three issues per week to 2 prints and increased the price from $.75 to $1.00.  thanks for the screw job x's 3.

on top of that the paper boy has failed to deliver 5 times in the last 2 months.  i called and canceled my subscription. 

mean while a local newsprint company halted production for 3 weeks.  it is our 2nd or 3rd largest employer in yamhill county, oregon. 

also, i have noticed playboy and southern living reducing the size of their magazines.  they also indicate "read more online" which pisses me off. 

I hate when the paper boy forgets to throw the fucking paper! The Aubrey O'day Playboy was the tits BTW!

[Saniflush]

Whatever will this guy do?

[Thrilla]

Whatever will this guy do?

He always has his popsicles to eat...