Drum of Doom

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In a June 2nd address to the World Newspaper Congress, MediaNews CEO Dean Singleton said that, in his estimation, 19 of the top 50 U.S. newspapers are losing money. And, he warned, "that number will continue to grow." Speaking later to Businessweek's Jone Fine in a 6.12 article, Singleton said "it's reality...you can't get to the other side of the river unless you face reality." (Thanks to MovingPictureBlog's Joe Leydon for passing this along.)

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Posted by Jeffrey Wells on June 14, 2008 at 10:37 AM

comment #1

Balthazar says ...

I work for a Dean Singleton newspaper that (I think) is still making money. But I feel like I've spent the past 3-4 years just waiting for the other shoe to drop. Tough times for newspapers, indeed.

Posted by Balthazar at June 14, 2008 11:20 AM

comment #2

quitstaringatme says ...

Evolve or die.

Posted by quitstaringatme at June 14, 2008 11:22 AM

comment #3

Mgmax, le Corbeau says ...

31 of the top 50 newspapers are making money? I'm astonished.

Posted by Mgmax, le Corbeau at June 14, 2008 5:26 PM

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comment #7