Friday, March 26, 2010

Slippery Slope

This is bad?
In what now passes for good news for publishers, the Newspaper Association of America yesterday reported that the skid in newspaper sales was “only” 23.7% in the final period of 2009 – a year in which sales declined 28.3% in the first quarter, 29.0% in the second period and 29.9% in the third quarter.
Those newspapers emerging from bankruptcy are stiffing their lenders.

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