The Newpaper Fire Sale Begins

Want to buy a newpaper cheap? The fire sale is beginning. However it looks like the market for newspapers is even worse then the housing market. Can we expect a federal bailout?

The company will retain flagship newspapers in Dayton, Ohio, Palm Beach, Fla.; and Atlanta -- including The Atlanta Journal-Constitution -- but sell dozens of daily and weekly newspapers in Colorado, North Carolina and Texas.

There just doesn't seem to be a lot of interest in buying newspapers.

Several other media companies have recently announced the sale of newspaper properties, including Copley Press Inc., which is selling the San Diego Union-Tribune, and Landmark Communications, which is offering for sale regional newspapers in North Carolina and Virginia.
Outside the recent $650 million sale of Newsday in New York, little else is selling. News Corp., which bought Dow Jones, recently took Dow's Ottaway chain of small newspapers off the selling block after more than six months on the market.

Well folks it is more important then ever for the internet to start building a network of reporters and not just a network of commentators and pundits who criticize the old print media. Soon there won't be a print media to criticize.

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