According to the 2009 PEW project "State of the News Media Report", Newspaper ad revenues have fallen 23% in the last two years. Some papers like the Seattle PI have turned off the lights on print and are now trying to figure out how to eek out a living as an online only paper. Still others are in bankruptcy or have lost almost all their value in recent months. Is it really the end times for Newspapers?
Whatever happens with the PI it's bound to be entertaining and other dailies considering making the all-digital shift should pay attention to what happens here in Seattle. To find out check out the full report that is if your down for reading a 180,000 word eulogy.
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