Posts Tagged ‘time magazine’

Strib is #2 in Time’s 10 Most Endangered Newspapers in America

oldguy
Here’s the blurb from the article:

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

Can you imagine how bad the comments would be if the paper was all digital? Yeesh.

And check out the photo of the San Francisco Chronicle newspaper vendor. That guy is like 95, and his belt touches his chin. He looks like he’s ready to yell, “Get off my lawn, you damn kids!” No wonder people aren’t buying the paper anymore.

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