Ed Driscoll

If A Tree Falls In The Forest

Hopefully it will be used for something other than a newspaper. Business Week asks, “Which major American newspaper should be the first to throw up its hands and stop publishing a print product?”

It’s a question worth asking. This could be the worst year for newspapers since the Great Depression. The double-digit revenue declines long forecast by doomsters have arrived. While nearly all the major papers still post profits, albeit smaller than before, a few prominent ones are losing boatloads. At Hearst Newspapers’ San Francisco Chronicle, according to a deposition given by James M. Asher, the company’s chief legal and business development officer, losses of $330 million piled up between mid-2000 and September, 2006, better