The newspaper industry is undeniably transforming, bolstering Web models while barely hanging on to hard copy. But, whatever the form, news will always have readers.
Newsrooms have experienced traumatizing cuts. The New York Times, heralded as country’s most esteemed and lucrative paper, cut 100 newsroom positions last year and cut salaries for the rest of the year by 5 percent. They even have sold their Manhattan headquarters for $225 million to pay debt as print advertising revenue declines.
