FIND INDEX AT END OF RIGHT COLUMN

Tuesday, February 13, 2007

NEWSPAPER BLUES

Katharine Q. Seelye reports:

>> USA >>
'The downturn at The Minneapolis Star Tribune, where advertising revenue had plunged by 6 percent in November compared with the year earlier, has not been the only danger sign of an industry on the rocks. Ad revenue for many papers fell sharply over the summer, and publishers do not see a recovery for at least the first half of this year.

The Boston Globe, owned by The New York Times Company, and The Philadelphia Inquirer, now privately owned, are only the latest to make deep cuts in their newsrooms (including the outsourcing of about 55 support jobs at The Globe to India).

Less than two weeks ago, the Times Company, which also owns The Worcester Telegram & Gazette, took a $814 million write-down on its two New England papers, saying they are worth only about 40 percent of the $1.4 billion that the Times Company originally paid for them.'

>> SWEDEN >>
'The Swedes, who jumped into the newspaper game back in 1645, are taking another great leap forward: what is said to be the oldest newspaper in the world has gone digital and is now available online, and online only. The World Association of Newspapers says that the country's Post och Inrikes Tidningar, or PoIT, is the world's oldest newspaper still in publication. Its new editor, Roland Haegglund, is its only employee.'