US Mass Media Is Dying

In the following video Marina Portnaya with Russia Today interviews Michael Wolff. Wolff is the creator of Newser.com, in the interview Wolff explains how the US mass media is transforming and how that change will create opportunities for alternative news outlets.

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Back to Boom Times?

Yesterday the St. Petersburg Times published a front page story with the headline “Back to Boom Times?”. To say the title is misleading would be an understatement. The current economic depression has been the furthest thing from boom times for our economy and for the St. Pete Times…

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SPECIAL REPORT: Are Job Cuts Signaling The End For America’s Newspapers?

The digital wave washing over newspapers has turned
into a tsunami in the past several weeks, as hundreds of
newsroom layoffs coast- to-coast are raising fears that
the push for profits and a dismal economy are teaming
up to accomplish the unthinkable — putting the print
industry in its grave.

Daily publications ranging from the San Jose Mercury News in the San Francisco Bay Area to the venerable New York Times have axed reporters and editors — more than 750 — in little more than a month, as competition from the online world has joined forces with financial pressures to put on the squeeze.

Sales, profits and circulation all are down sharply, as newspapers say they long ago abandoned the prospect of trying to stop the bleeding. Some now say they cuts are so deep, they have to “amputate” portions of their business to stay alive. Meanwhile, they’re trying to embrace new media, but can’t do so effectively because of constrained resources.

Full story:
http://money.cnn.com/news/newsfeeds/articles/djf500/200803171443DOWJONESDJONLINE000746_FORTUNE5.htm