Even with financial woes effecting all newspapers, the “Better you than Me” attitude still applies and the Herald is more than happy to report on how the Globe was chosen by 24/7 Wall Street as the 5th paper likely to fold or go digital. The Top Ten Include:
1.) The Philadelphia Daily News, the smaller of two jointly operated papers.
2.) The Minneapolis Star Tribune, which has filed for Chapter 11 protection.
3.) The Miami Herald, hurt by the state’s severe real estate collapse.
4.) The Detroit News, the smaller of two papers in the Motor City.
5.) The Boston Globe.
6.) The San Francisco Chronicle, a deadline for closing has been set.
7.) The Chicago Sun-Times, the smaller of two city newspapers.
8.) The New York Daily News, which could see losses in the millions.
9.) The Fort Worth Star-Telegram, facing stiff competition in the Dallas market.
10.) The Cleveland Plain Dealer, located in one of the nation’s toughest markets.
The funny thing is that all the papers except the Globe have some form of reason to why they are hurting so bad. All we need to know about the Globe is that they are losing a MILLION a week. EEESSSSHH…
From what I am seeing with my clients, budgets are getting slimmer and they really do not feel like shelling out thousands of dollars for one ad.