Of the roughly 1,400 American dailies, 11 have gone out of business
in the past two years, well under one percent. And among those that
did fold, a number were in cities with more than one major paper.
The Rocky Mountain News and the Seattle Post-Intelligencer, for
example, stopped print publication – but both were in markets with
daily newspaper competition.
What’s more, newspaper profit margins, after falling for many
years, may actually improve this year, according to a new J.P.
Morgan analysis, as revenue declines moderate and newspaper
companies reap the results of cost-cutting.
Perhaps the magazine had the timetable right – but the story wrong:
Rather than going out of business, many newspapers are beginning to