Newspapers in 2006 continued to report declining circulations across the nation, and circulation at Massachusetts daily newspapers fell faster than the national average.
The struggle comes with the transition from print to online media: While online editions are attracting record numbers of readers, they aren't making enough money to offset shrinking circulation and advertising revenues from print.
As a result, some big media companies, such as Tribune Co. of Chicago, are putting papers up for sale, slashing jobs and cutting costs. In Boston, a local group led by former General Electric Co. chairman Jack Welch and Jack Connors, cofounder of the Boston advertising firm Hill Holliday, considered a bid to buy the Globe from The New York Times Co.
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(Tony Ridder after his final press conference as CEO of Knight Ridder Inc. in San Jose, Calif., in June.)
The struggle comes with the transition from print to online media: While online editions are attracting record numbers of readers, they aren't making enough money to offset shrinking circulation and advertising revenues from print.
As a result, some big media companies, such as Tribune Co. of Chicago, are putting papers up for sale, slashing jobs and cutting costs. In Boston, a local group led by former General Electric Co. chairman Jack Welch and Jack Connors, cofounder of the Boston advertising firm Hill Holliday, considered a bid to buy the Globe from The New York Times Co.
Read the story
(Tony Ridder after his final press conference as CEO of Knight Ridder Inc. in San Jose, Calif., in June.)
(Len Vaughn-Lahman/San Jose Mercury News/KRT )
