Thursday, December 11, 2008

Newspapers making news — and it isn’t good

The theme has been constant for the $45 billion industry, prompting some analysts to predict the demise of any number of major newspapers within the next few years.

Others maintain any news of the death of newspapers is greatly exaggerated.

“It is a possibility? Yes. Is it likely? I don’t think so,” said Randy Bennett, senior vice president of the Newspaper Association of America, a nonprofit representing about 2,000 newspapers in the U.S. and Canada. “Many newspapers are operating at pretty healthy margins.”

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