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The U.S. Newspaper Industry in Transition

Created by Sour Piseth March 19, 2012 - Category: Arts & Culture - Tags: #newspaper 
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Suzanne M. Kirchhoff
Analyst in Industrial Organization and Business
September 9, 2010

 

The U.S. newspaper industry is suffering through what could be its worst financial crisis since the
Great Depression. Advertising revenues have plummeted due in part to the severe economic
downturn, while readership habits have changed as consumers turn to the Internet for free news
and information. Some major newspaper chains are burdened by heavy debt loads. Between 2008
and early 2010, eight major newspaper chains declared bankruptcy, several big city papers shut
down, and many laid off reporters and editors, imposed pay reductions, cut the size of the
physical newspaper, or turned to Web-only publication. 

 

 

 

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