This blog is mainly about the spectacular train wreck at The Sacramento Bee and its parent company, the McClatchy Company. But I also post about current events, the Iraq and Afghanistan wars, politics, anything else that grabs my attention. Take a look around this blog, hope you enjoy it.
Friday, May 15, 2009
Report: newspapers have lost $18 billion in revenue in the past 3 years
A new study published in MediaDailyNews shows newspapers have lost an estimated $18.7 billion from 2006 through 2008. The calculations are based on annual and quarterly figures from the Newspaper Association of America. Click here for the full story.
Hard to fathom. But then, compared to the $80 billion auto bailout the politicians are talking about, $18 billion doesn't seem like that much. . . .