Even NBC Nightly News has finally caught on to the certain death of the daily newspaper industry. Last night, Brian Williams and NBC Nightly News ran a story on the rapid decline of the dailies and the almost certain death towards which they are marching. The story focused on the Palm Beach papers and the [...]
Back in May, McClatchy issued an SEC filing in which it had written down its 49% ownership stake in the Seattle Times from $102 million in 2006 to just $12 million, a drop of nearly 90%. McClatchy acquired the minority stake in its purchase of Knight Ridder and the Blethen family owns the remaining 51% [...]