The economy came crashing down in September 2008 as the credit markets seized up, a massive dislocation which is now, tsunami-like, causing huge damage to the economy. This has significantly reduced the amount of credit available for businesses. Many news organizations — made vulnerable by media competition, the rapid drying-up of advertising dollars, fragmenting markets and the Internet — are being forced to close their doors, and it is very likely that many cities’ alternate papers, and in some cases their primary papers, will cease production this year.
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The Rise and Fall of Traditional Journalism, Part 2
Posted by: Kurt Cagle May 18, 2009 06:00 AMThe economy came crashing down in September 2008 as the credit markets seized up, a massive dislocation which is now, tsunami-like, causing huge damage to the economy. This has significantly reduced the amount of credit available for businesses. Many news organizations — made vulnerable by media competition, the rapid drying-up of advertising dollars, fragmenting markets and the Internet — are being forced to close their doors, and it is very likely that many cities’ alternate papers, and in some cases their primary papers, will cease production this year.