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May 25

Big-City, Government-Supporting Newspapers Are in a Death Spiral.

tvdees

Last year 100 newspapers closed. Newspaper circulation has plummeted nationwide and newspaper ad revenue is down at least 50 percent in a decade.

The major, pro-government, newspapers are dying–and being replaced by alternative sources for news and commentary. A Pew research report indicates that the newspaper industry is already largely unprofitable. Major papers such as the New York Daily News are now up for sale, with very few buyers willing to take on such risk.