Mar 1, 2009

Newspaper convention canceled

A sign of the times:

An annual convention of newspaper editors has been canceled for the first time since World War II, undone by the worst economic crisis since that harrowing era.

The American Society of Newspapers Editors' decision to skip this year's meeting was announced Friday, coinciding with the final edition of the Rocky Mountain News largest daily U.S. newspaper to shut down so far during a steep two-year slide in advertising revenue largest that's draining the life out of the industry.

Newspaper staffs have been gutted, stock dividends have been suspended and, in the most extreme circumstances, bankruptcy petitions have been filed as more readers get their news for free from the Internet and advertisers curtail their spending on the print medium amid the recession.

Link