2008-12-14

Traditional Media On The Run

The NYT announced it's borrowing $225 million. It's also freezing wages.

Bankruptcies are on the rise the most recent being the Chicago Tribune. The Miami Herald (owned by the McClatchy Company), with its 105 years of journalism richness and countless Pulitzer's, is up for sale.

These are just some examples.

The economy is taking no prisoners but we're also witnessing a revolutionary communications shift.

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