Friday, November 18, 2005

Two interesting tidbits for those of you following the slow but sure erosion of the American newspaper industry. (And statistics would indicate that those of you who care about this are already members of AARP.)

First, here's an Editor & Publisher piece tracking the loss of nearly 2000 jobs in the past year at major and mid-sized papers.

Then, here's a little AP explainer describing in very basic terms the economic problems afflicting the newspaper industry. Notice the still-high profit margins. And notice the clear implication that one of the biggest problems right now is Wall Street.

Given this climate, it's not surprising that I've heard the some college journalism professors are now openly -- and understandably -- telling their students that this is a bad time to be preparing for a journalism career. How'd you like to be shelling out $40,000 in tuition for your kid to get that news about his or her prospective vocation?

11/18/2005 9:24:00 AM by MJ | Comments [0] |  
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