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Jon Fine: Newspapers Losing Money

So it’s not Earth-shattering news, but it’s still news:

“Last week Dean Singleton, CEO of MediaNews Group (which owns the Denver Post, San Jose Mercury News, and 55 other American dailies) gave a remarkably candid speech on the state of the American newspaper to the World Newspaper Congress in Sweden.

It’s drawn a bit of attention in the European press, but not so much in the US. Kind of strange, really, when you’ve got the CEO of one of the largest newspaper companies saying stuff like this:

In the future, there will be two categories of newspapers. Those that survive, and those that die … By my estimate, as many as 19 of the top 50 metro newspapers in America are losing money today, and that number will continue to grow.”

In related news, the weather forecast calls for overcast skies, possible showers and a chest-tightening inability to get out of bed.

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