Friday, March 6, 2009

Crisis in the US newspaper industry

Crisis in the US newspaper industry

By Max Deveson BBC News, Washington

If the economic crisis goes on much longer, will there be any newspapers left in the US to write about it?

Copies of the San Francisco Chronicle roll off the production line (File picture)
The Chronicle's owners are set to decide whether to shut down the paper

America's newspaper industry has been badly hit by the downturn, and a number of titles face closure.

The latest casualty is the venerable San Francisco Chronicle, whose owners on Wednesday announced they were planning to cut a "significant" number of jobs to meet cost-cutting targets, and that if the targets are not met, then the paper would be sold or closed down.

The Chronicle, which was founded in 1865, soon after the gold-rush hit California, lost more than $50m (

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