QandAs: Buzz

What's happening to the newspaper industry?

Answer:
Newspapers nationwide are desperately trying

to respond to steep declines in advertising revenues and subscription rates coupled with rising printing costs and an ever-declining market share brought on by the rise of online media.

Here are just a few of the most recent signs of decline in the newspaper industry:

- Advertising sales are down more than 15% at The New York Times.
- The Los Angeles Times is laying off staff; publisher resigns
- The Wall Street Journal is offering employee buyouts to trim staff
- The Chicago Times cuts staff; Editor In Chief resigns
- The New York Times' stock price hits decade low

An increase in the cost of newsprint isn't helping matters. Neither is the fierce competition for readers' attention, which increasingly is shifting to the Internet.