More bad news for journalism. The Tribune Company is filing for bankruptcy, the New York Times is borrowing $250 million and NBC is considering cutting programming hours.
Well, the newspaper industry was having a bad few years anyway- if I was them, I might consider following the Christian Science Monitor's lead and going to an all-online edition... though the profitability of such a venture remains to be seen as is probably a few years off from going mainstream anyway.
But place your bets: now that the auto industry is getting a loan, how long until media executives are on Capitol Hill, begging for a bailout?
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