Newspapers in trouble

New York Times Co. (NYT.N: Quote, Profile, Research), McClatchy Co. (MNI.N: Quote, Profile, Research) and Tribune Co. (TRB.N: Quote, Profile, Research) on Thursday posted sharply lower quarterly earnings on high newsprint costs and depressed advertising sales.

The results from the three large publishers underscored the troubles faced by the industry, including circulation declines, high costs and competition for advertising money from the Internet and other new media. (source: Reuters 4/13/06)

I wonder how the Elgin Daily Courier and the Daily Herald are doing. In any case, they shouldn't blame me for the "competition for advertising money from the Internet and other new media." In all my months of blogging about Elgin, I've collected the handsome sum of $1.62 in advertising revenues.