Globe on List of Imperiled Newspapers

[No Elephants]

Source: Boston Herald

The Boston Globe - which is losing up to $1 million a week, according to some reports - is listed as one of the nation’s Top 10 most endangered newspapers, according to a new report.


<snip>


The Top 10 papers in danger, according to 24/7 Wall St., include (in order):

1.) The Philadelphia Daily News, the smaller of two jointly operated papers.
2.) The Minneapolis Star Tribune, which has filed for Chapter 11 protection.

3.) The Miami Herald, hurt by the state’s severe real estate collapse.

4.) The Detroit News, the smaller of two papers in the Motor City.

5.) The Boston Globe.

6.) The San Francisco Chronicle, a deadline for closing has been set.

7.) The Chicago Sun-Times, the smaller of two city newspapers.

8.) The New York Daily News, which could see losses in the millions.

9.) The Fort Worth Star-Telegram, facing stiff competition in the Dallas market.

10.) The Cleveland Plain Dealer, located in one of the nation’s toughest markets.




Read more: http://news.bostonherald.com/business/media/view/2009_03_09_Globe_on_list_of_imperiled_newspapers/srvc=home&position=5

---

For those who do not know, the Boston Globe used to be compared to the New York Times, when both were in their glory.

If the Globe goes under, the Boston Herald, a RW paper, will be the only major newspaper serving Massachusetts, supposedly one of the bluest states in the nation.

[jimshoes]

1. The Cleveland Plain Dealer

while it leans right, is the only newspaper in town. Hope they don't close.

[No Elephants]

2. The Herald does more than lean right. The whole newspaper demise thing scares me, though.

[w4rma]

3. Very bad. (nt)

[BumRushDaShow]

4. The Phila. Daily News

which is jointly owned with the Phila. Inquirer by a private equity group, already filed for Chapter 11 a couple weeks ago. As of next month, the Daily News will be "officially" called "An edition of the Philadelphia Inquirer", meaning it's gone as an independent (in terms of business operations like advertising and wire services subscriptions, etc., where that will be combined with the Inquirer to create a single entity).

The Daily News is the tabloid and the Inquirer is the broadsheet and they will supposedly still print and distribute both in their respective formats, with the Inquirer being the "survivor" company and the combination supposedly having a total circulation of 440,000.

[No Elephants]

5. Too bad, but, IMO, one of two jointly operated papers is not as threatening as the respected paper

disappearing while the RW tabloid is the only one remaining

Again, though, the rapid disappearance of newspapers is very unsettling, to say the least.