LA Times, Chicago Tribune Publisher Goes Bankrupt

12/8/08  Print This Post Print This Post    3 Comments      Written by Eva Holland
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In breaking “is this the death of print?” news, the New York Times reports that the Tribune Company, the publisher of both the Los Angeles Times and the Chicago Tribune, has filed for bankruptcy.

I’m one of those traditionalist folks who can’t imagine life without newspapers and books (and no, a Kindle won’t do) and I generally assume that the frequently prophesied Death Of Print is greatly exaggerated.

But this is big news.

The serious financial strain that the newspaper industry is very clearly under these days could have (and indeed, may already be having) a major impact on the news that we receive daily.

As the Times story notes, many newspapers have been slashing jobs and paring down their newsrooms: eventually, this cost-cutting has to have an effect on the quality and quantity of the reporting of news from around the world.

Would a report on the terror attacks in Mumbai have the same power if it was filed from Los Angeles? Can someone in New York truly understand what’s happening in Zimbabwe?

Gathering world news is expensive; that’s a reality.

But it’s also very important: in the same way that travel helps us to better understand our neighbours, real, on-the-ground reportage brings us closer to the heart of events in other countries.

Granted, blogging, Twitter, YouTube videos and other online tools of citizen reporting can help to fill the gap – but they’re not (at least, not yet) a complete substitute for a seasoned reporter with regional expertise.

The online community tends to have little sympathy for the mega-media empires that produce our daily newspaper and television news. We often view them as dated, irrelevant, “dead tree” publishers that lack the up-to-the-nanosecond speed of the web.

But they still play a vital role in the global dissemination of news. Without them, we risk losing some of our connection with the outside world.

[Via Kim Mance of Galavanting]

Photo by Hamed Saber (Creative Commons)


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About the Author

Matador ID: deva

Eva Holland is a contributing editor to the Matador Network. She recently celebrated the one-year anniversary of quitting her day job to write and travel full time.

3 Comments... join the discussion!

  • joshywashington replied on December 8, 2008

    As print media goes down the tube, sites like Matador will become all the more important. Thanks for the article Eva.

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  • Nancy D. Brown replied on December 9, 2008

    Every time I submit my travel column, I send it off with good wishes that the newspaper will remain in production. I love the internet, but there's something special about reading the daily newspaper. Long may they live!

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  • Hal replied on December 9, 2008

    "Granted, blogging, Twitter, YouTube videos and other online tools of citizen reporting can help to fill the gap – but they’re not (at least, not yet) a complete substitute for a seasoned reporter with regional expertise." Excellent point. It's key to maintain a healthy balance, which is difficult when the capital needs of one are so much greater than those of the other.

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