Newspaper paid circulation drops 8.7%

The market changes. Paid circulation for newspapers have been in decline for years and recent data from the spring Audit Bureau of Circulations is no different. Year-over-year, circulation was down 8.7 percent after a decline of more than 10 percent in the fall.

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Waxman suggests federal support for newspapers

Let me make my point clear. The reduction in circulation of newspapers across the country is not – I repeat NOT – a market-place failure. Rep. Henry Waxman (D-Calif.) thinks the federal government will soon need to step in to support serious journalism currently on the brink of failure.

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It’s begun … government guarantees a newspaper loan

Even as I read this article, I sat here stunned. But as I calmed myself, I realized, I should not be surprised. Banks, investment houses, automobile companies, and now … newspapers.

The state of New Hampshire last week agreed to guarantee 75 percent of a $250,000 loan from an Upper Valley bank to the new owner of the Eagle Times, an unusual deal because it involves a daily newspaper and the government it covers.

The Executive Council on Wednesday unanimously approved without debate the “working capital loan guarantee,” which would be administered by the New Hampshire Business Finance Authority.

Ok, the previous yard stick was being too big to fail, now it’s saving a “free press”?

Gov. John Lynch, who presided over the Executive Council meeting, said in an interview after an appearance at Dartmouth College on Friday evening that he had no problems with the loan guarantee.

“It’s really more of a job development, economic development type of issue,” said Lynch who said he has not met Sample and was not involved in putting the deal together. “I think it was the right thing to do, and it came up through the appropriate channels.”

But as bad as this is … the AP says, it’s just begun:

At least two other states have explored similar deals as newspapers across the country face an unprecedented decline in advertising revenue, but no other state has gone through with it yet, news industry analysts said this week.

It used to be you would succeed or fail on your own, that was until we began to find excuses for everything from grade school through college. It used to be newspapers jealously guarded their independence, but that was until people stopped reading their drivel.

Not Quite Pravda

Imagine a new role for Treasury Secretary and tax cheat Timothy Geithner: editor-in-chief of your local newspaper. Read more