Newspaper industry “in free fall”

| 01/03/2009

(CNN): After nearly 150 years in business, the Rocky Mountain News published its final edition Friday, the victim of a bad economy and the Internet generation. The Rocky Mountain News was the latest victim in an era of shutdowns, layoffs and cutbacks plaguing the newspaper industry. "It’s in a freefall and nobody knows where the bottom is. It’s kind of like water in the toilet swirling around and nobody knows what’s left when you’re done flushing," media critic Eric Alterman said. Newspapers across the country are under pressure as readership declines, along with advertising revenue, while more and more Americans get their information online.

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