The demise of big city print media, displayed in full by the painfully slow sale of the mammoth New York Daily News, is going nationwide as ad sales decline 50 percent and circulation plummets, according to a new Pew Research Center analysis.
According to their report, "The Declining Value Of U.S. Newspapers," just three different media companies in 2014 alone decided to dump more than 100 newspaper properties. Pew said the companies spun off the money-losing properties "in large part to protect their still-robust broadcast or digital divisions."
The Daily News, on the block since February, has yet to be sold and is now being eyed by Captiol Hill's newspaper The Hill, which may turn it into a digital operation like the Washington Examiner, Huffington Post, Brietbart and the Daily Caller.
More...
