WASHINGTON: This year might be the worst yet for media outlets, according to the Pew Research Center's Project for Excellence in Journalism, which expects several newspapers to fail and numerous others to cease seven-day home delivery in 2009.
The organization revealed in data released today, March 16, that while the newspapers average an 11% profit margin and collectively take in about $38 billion in revenue, those revenues have dropped 23% in the past two years, while staffing at newspapers has ...