Four owners of 33 U.S. daily newspapers have sought Chapter 11 bankruptcy protection in the past 2 1/2 months. A number of other papers are up for sale.
This past weekend, there were separate bankruptcy filings by New Haven (Connecticut) Register publisher Journal Register Co. and by the owners of The Philadelphia Inquirer and the Philadelphia Daily News.
They followed a December filing by Tribune Co., whose media stable includes the Los Angeles Times and the Chicago Tribune, and January’s filing by the owners of the Star Tribune in Minneapolis.
Hearst Corp. announced earlier this week it will close or sell the San Francisco Chronicle if it can’t reduce expenses dramatically within the next few weeks.
Last month, Hearst laid out plans to close the Seattle Post-Intelligencer if a buyer isn’t found before April. And Gannett Co. is looking for a buyer for the Tucson Citizen in Arizona.
And on it goes ... before long it may be hard to find a good birdcage liner.
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