Sunday, December 14, 2008

Read all about it! US newspapers fall prey to the internet and recession

The American journalist was once a notoriously hard-boiled character with sharp elbows and a press pass tucked into the band of his fedora.

In the era of the classic film The Front Page, set in the 1920s, reporters from rival city dailies used their most devious means to get the drop on the rest and claim a scoop.

Now those local stories may be “outsourced” to be written by a low-paid journalist in India and posted on the internet instead.

The US newspaper industry is in a full-blown crisis that has seen its business model dynamited by technology and its dwindling prospects threatened by the financial meltdown, which has, in effect, forced advertising revenue off a cliff.


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