Tag Archives: bankruptcy

Th End Of Newspapers?

For at least two hundred years, newspapers have been an important factor in the rise of democratic societies and the creation of societies in which people could readily communicate information. The Philadelphia Inquirer, among America’s oldest newspapers has filed for Chapter 11 bankruptcy as advertising revenue declines, particularly from the impact of the current recession. The value of a share in The New York Times has declined to a few cents and newspaper after newspaper is moving toward bankruptcy and the end of their presence in American communities.

The Internet serves a purpose, but it will not readily replace a good newspaper which can offer columns and in depth information that is sadly lacking on most Internet websites. The end of newspapers will also be the end of the most significant factor in communication within societies. Will we be better or worse for their decline?