NiemanJournalismLab: Implications of newspaper bankruptcy
February 25th, 2009Posted by Judith Townend in Editors' pick, Job losses, Jobs, Journalism
“Four major newspaper firms have now declared bankruptcy. The rest of the industry is on the ropes – sources of credit or equity funding have virtually dried up; there is basically no market into which to sell publishing assets to raise cash; the ability to maintain quality and to innovate is seriously hampered by continual cost-cutting necessary to maintain positive cash flow and meet debt service obligations,” Martin Langeveld writes on the NiemanJournalismLab.
Here, Langeveld gives a list of what will and won’t happen. What kind of changes will bankruptcies force on newspapers he asks?
Tags: Bankruptcy, Newspapers
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