Media Deathwatch: Chicago Sun-Times edition
The company that owns the Chicago Sun-Times and 58 other newspapers and online sites said Tuesday it had filed for Chapter 11 bankruptcy. (CNN) The chain that owns the Los 
Angeles Times and the Chicago Tribune is in bankruptcy and other papers are on the brink. And two industry giants, The Washington Post and The New York Times, announced last week they are cutting costs and staff amid tumbling revenue and continued economic decline.
The Rocky Mountain News stopped production, the Seattle Post-Intelligencer and the Christian Science Monitor went online only and scores more newspapers are facing a free-fall in revenues and circulation. It’s not just the economy putting newspapers in jeopardy, it was years of head-in-the-sand ignorance regarding the growth of new media.
As people consume media in new ways, traditional media continues to show just how closely they mirror the auto industry in their refusal to adapt to change and follow their consumers lead. A shame, really.
The death of newspapers does not mean the death of journalism. Quite the opposite journalists are the commodity now, good content is what makes good sites with good revenue. (Somebody should tell the Statesman that before it’s too late…oh, wait).
Media Deathwatch: Caller-Times edition
The Corpus Christi Caller-Times will become a regional design site for 14 newspapers, and The Business Journal of Corpus Christi and The Business Times of the Rio Grande Valley will close at the end of the month, with layoffs for seven people. Nineteen at the Caller-Times were laid off. A little late, but worth adding. (via)