Top 10 Newspapers Likely to Fold Next

March 13, 2009

This article is included in these additional categories:

Financial Services | Newspapers | Trade Shows & Events

In response to the the worsening plight of the newspaper industry – including newspaper closures, bankruptcies and cutbacks, 24/7 Wall Street has predicted which 10 newspapers will be the next to fold (or go all-digital),? reports MediaBuyer Planner.

Newspapers on 24/7 Wall Street’s top- 10 list:

  • The Philadelphia Daily News
  • The Minneapolis Star-Tribune
  • The Miami Herald
  • The Detroit News
  • The Boston Globe
  • The San Francisco Chronicle
  • The Chicago Sun-Times
  • The New York Daily News
  • The Fort Worth Star-Telegram
  • The Cleveland Plain Dealer

Fitch Ratings predicts that newspaper industry revenue growth will be negative for the “foreseeable future,” as both ad pricing and linage will be under pressure within each of the four main components of newspaper companies’ revenue streams: circulation and local, classified and national advertising. As newsprint costs rise, it could be difficult for newspapers to offset revenue declines with cost cuts, according to a recent Fitch report.

Of the newspapers that were tops in circulation in 1990 – the year newspaper employment peaked and the last year before circulation declines really began to trend downward – 20 have declined, and one was shut down completely.

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