1st Quarter Bruising for the Newspaper Industry

Rick Edmonds reports on the U.S. newspaper industry for quarter 1 of 2011:


If 2011 is to be a turnaround year financially for newspapers, business needs to pick up briskly. Returns from the first earnings reports for the first quarter are familiar and distressing — lower revenues driving lower earnings compared to the period a year ago.

Reports last week from Gannett, New York Times Co. and Media General surfaced some new problems along with the familiar ones:

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