Fitch Ratings predicts The McClatchy Co. and Tribune Co.—the two companies that own South Florida’s hometown papers—are looking bankruptcy by next year.
The empty bank accounts could mean “more newspapers and newspaper groups will default, be shut down and be liquidated in 2009 and several cities could go without a daily print newspaper by 2010,” the report says according to Editor & Publisher.
So, if the print product goes, will the cyber product go with? Or, (silver lining) will they go online only like the Christian Science Monitor recently did?
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