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The OC Register is going to file for bankruptcy this week. Is this the start of the snowball effect, closing up to ten California newspapers in the next 12 months? Revenues and subscribers for the Times, Chronicle and Bee (any variety) are down significantly. All together, in the past year they have fired close to 1,000 employees--with more layoffs to do announced soon.
Is this a trend or not? In reality, it is only a matter of time before the bankruptcy courts get crowded with newspapers looking for protection.
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Is this a trend or not? In reality, it is only a matter of time before the bankruptcy courts get crowded with newspapers looking for protection.
More...