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Daily Newspapers have been getting pummeled for years. The bulk of their income is from the classifieds section. That primarily was made up of Auto, real estate and help wanted ads. These have been getting bleed dry form the internet and the latest economic crisis has only exacerbated the situation. There are over 30 daily papers for sale right now and no one is looking to buy them. The Rocky mountain news is another example.
The readership has been the other half of the problem for papers. Their circulation figures have been declining for a long time and their reader demographics show that their only reaching on average a much older segment of the population. These readers are literally dying off, and so are the papers. They missed the chance to get online first and now they are simply dinosaurs waiting for extinction.
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"like strapping a pillow on a bull in a china shop" Bullitt
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