The collapse of the newspaper industry continues apace; now it’s the San Francisco Chronicle that is likely to be sold or even closed down in a matter of months. This follows Sunday’s bankruptcy filing by the Philadelphia Inquirer and the Philadelphia Daily News, just two and a half years after investors paid more than $500 million for the company.
We’ve known for a while that the newspaper industry is in desperate trouble, but it didn’t occur to us until recently that it may be a leading indicator.
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