To: Alan Smithee who wrote (5998 ) 3/19/2006 9:11:27 AM From: paret Respond to Newspapers in an Economic StormPost editors announced March 10 that the newsroom will cut 80 of 870 newsroom positions. The New York Times, located in the world's financial center, announced on Tuesday that it will stop publishing daily stock listings. Advertising revenue has fallen at most newspapers because of mergers of major retailers, lagging auto sales, the bankruptcies of major advertisers and a shift of classified ads to free Web sites such as Craigslist. Declining circulation and the defection of young readers to the Internet mean that newspapers can't raise their advertising rates year after year. The Post, like most big-city dailies, has lost circulation -- a nearly 7 percent drop since 2003 -- and advertising revenue has been flat while expenses have risen, so The Post is trimming its budget sails. Newspaper journalism is labor-intensive and expensive; the two big costs are people and paper.
