Pressing on in a time of turbulence
Print is in a precarious situation. Sentinels of the fourth estate across the globe continue to topple as costly newsprint comes up against new media, while struggling business models in the sector are made more unsustainable by falling advertising revenue in a dismal economic climate.
Out in the West, venerable publications like the Los Angeles Times and Chicago Tribune are now being forced to scale down their foreign reporting operations as part of the latest cost-cutting measures. This is after their parent, the Tribune Company, which is also the second-biggest newspaper publisher in the United States, filed for bankruptcy last December.
The two papers are just some of many trying to stay afloat even as other respected players such as The Christian Science Monitor and Seattle-Post Intelligencer have thrown in the daily print towel and turned online.