Wednesday, January 11, 2006

The bad news continues

An Editor & Publisher article on the sale of Knight Ridder newspapers spends its last two paragraphs remarking on what newspapers will face in 2006.

Merrill Lynch reports that the growth in advertising revenue for newspapers isn't likely to prove better this year than it was in 2005. In fact, it "is likely to trail even the paltry estimated 2.4% in 2005." Classified advertising is also expected to suffer.

What does all of this mean for the newsroom? Unfortunately, as Tim Porter states , that
"the boardroom hammer will fall once again" and more people will likely lose their jobs.


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