Mainstream Newspapers: Verge of Depression?

Last week, almost 1,000 jobs were eliminated in the American newspaper industry, perhaps the bloodiest week yet for media job cuts in a year that saw many papers fighting for their lives. This week, the Baltimore Sun lopped off more than 100 newsroom jobs and shut the paper’s Business news section.

“You read about the great names — the Baltimore Sun, the Boston Globe, the Los Angeles Times, the San Jose Mercury News — as if reading the obituary page,” wrote columnist Timothy Egan for The New York Times.