Newspaper Industry Decline | featured news

Chicago financier James Tyree is assembling a group of investors to bid on Sun-Times Media Group Inc.

Mr. Tyree, CEO of Mesirow Financial Inc., told Crain's he has reviewed Sun-Times' books and discussed a possible bid with CEO Jeremy Halbreich and other company executives.

Newspaper circulation declined at an accelerated pace in the six months through March, adding to the industry's advertising woes.

A five-part Los Angeles Times series on the futility of government efforts to quell the growing threat of wildfires won a Pulitzer Prize on Monday, and the New York Times claimed five of journalism's highest awards in a year that recognized the watchdog function of the press even as newspapers struggle to survive.

Why are studios slowly but surely cutting back on their print ad budgets?

The Sun-Times Media Group, owner of the Chicago Sun-Times and dozens of suburban newspapers, has filed for bankruptcy protection from creditors.

As the final daily issue of the 100-year-old Christian Science Monitor was put to bed Thursday, the newspaper was planning its rebirth as a spruced-up weekly. Meanwhile, the Monitor's free Web site will get more frequent updates from dozens of its reporters, who will be expected to quickly post material to the site and take video and gather audio.

Washington Post Co plans to offer a new round of buyouts in 2009 to employees at its namesake, money-losing newspaper and cannot rule out layoffs, its publisher said on Thursday.

Say hello to GOVERNMENT-CONTROLLED MEDIA! The U.S. is dead. Welcome to the U.S.S.A.

The Rocky Mountain News, gone. The Seattle Post-Intelligencer, gone. Today the Ann Arbor (Michigan) News announced it would publish its last edition in July. Three other papers announced today they're cutting back to three print editions a week.

La Jolla-based Copley Press Inc. is selling its flagship paper for an undisclosed sum.